Magnolia Oil & Gas (MGY) Stock Forecast, Price Target & Predictions
MGY Stock Forecast
Magnolia Oil & Gas stock forecast is as follows: an average price target of $25.06 (represents a -8.17% downside from MGY’s last price of $27.29) and a rating consensus of 'Buy', based on 7 wall street analysts offering a 1-year stock forecast.
MGY Price Target
The average price target for Magnolia Oil & Gas (MGY) is $25.06 based on 1-year price targets from 7 Wall Street analysts in the past 3 months, with a price target range of $31.00 to $14.00. This represents a potential -8.17% downside from MGY's last price of $27.29.
MGY Analyst Ratings
According to 7 Wall Street analysts, Magnolia Oil & Gas's rating consensus is 'Buy'. The analyst rating breakdown for MGY stock is 0 'Strong Buy' (0.00%), 3 'Buy' (42.86%), 2 'Hold' (28.57%), 2 'Sell' (28.57%), and 0 'Strong Sell' (0.00%).
Magnolia Oil & Gas Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 28, 2024 | Neal Dingmann | Truist Financial | $31.00 | $25.57 | 21.26% | 13.59% |
| Sep 16, 2024 | William Janela | Mizuho Securities | $27.00 | $23.84 | 13.26% | -1.06% |
| Jun 11, 2024 | Phillips Johnston | Capital One Financial | $28.00 | $24.69 | 13.41% | 2.60% |
| May 31, 2024 | Neal Dingmann | Truist Financial | $35.00 | $25.46 | 37.47% | 28.25% |
| Apr 19, 2024 | Mark Lear | Piper Sandler | $29.00 | $25.68 | 12.93% | 6.27% |
| Apr 18, 2024 | Hanwen Chang | Wells Fargo | $27.00 | $25.82 | 4.57% | -1.06% |
| Jan 11, 2023 | - | Piper Sandler | $35.00 | $22.40 | 56.25% | 28.25% |
| Nov 17, 2022 | - | Piper Sandler | $36.00 | $26.34 | 36.67% | 31.92% |
| Jul 27, 2022 | Leo Mariani | MKM Partners | $26.00 | $22.89 | 13.61% | -4.73% |
| Jul 19, 2022 | - | Truist Financial | $39.00 | $21.18 | 84.14% | 42.91% |
The latest Magnolia Oil & Gas stock forecast, released on Oct 28, 2024 by Neal Dingmann from Truist Financial, set a price target of $31.00, which represents a 21.26% increase from the stock price at the time of the forecast ($25.57), and a 13.59% increase from MGY last price ($27.29).
Magnolia Oil & Gas Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 2 | 6 |
| Avg Price Target | $31.00 | $29.00 | $29.50 |
| Last Closing Price | $27.29 | $27.29 | $27.29 |
| Upside/Downside | 13.59% | 6.27% | 8.10% |
In the current month, the average price target of Magnolia Oil & Gas stock is $31.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 13.59% increase as opposed to Magnolia Oil & Gas's last price of $27.29. This month's average price target is up 6.90% compared to last quarter, and up 5.08% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 01, 2024 | Wells Fargo | Underperform | Underweight | Downgrade |
| Jul 17, 2024 | Wolfe Research | - | Outperform | Initialise |
| May 13, 2024 | Wells Fargo | Underperform | Underperform | Hold |
| May 13, 2024 | William Blair | Buy | Buy | Hold |
| May 09, 2024 | Bank of America Securities | Buy | Buy | Hold |
| Apr 19, 2024 | Piper Sandler | Overweight | Neutral | Downgrade |
| Apr 18, 2024 | Wells Fargo | Equal-Weight | Equal-Weight | Hold |
| Apr 15, 2024 | Citigroup | Sell | Sell | Hold |
| Aug 10, 2023 | KeyBanc | - | Sector Weight | Downgrade |
| Jan 11, 2023 | Piper Sandler | Overweight | Overweight | Hold |
Magnolia Oil & Gas's last stock rating was published by Wells Fargo on Oct 01, 2024. The company Downgrade its MGY rating from "Underperform" to "Underweight".
Magnolia Oil & Gas Financial Forecast
Magnolia Oil & Gas Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $322.63M | $315.68M | $280.29M | $308.38M | $349.04M | $482.96M | $484.65M | $377.84M | $336.38M | $283.58M | $250.73M | $207.66M | $149.24M | $121.07M | $82.84M | $181.37M | $229.71M | $244.80M |
| Avg Forecast | $369.05M | $359.15M | $353.73M | $354.35M | $357.46M | $341.95M | $331.50M | $330.10M | $331.63M | $327.66M | $336.31M | $307.89M | $325.73M | $318.30M | $287.39M | $322.12M | $364.03M | $440.94M | $457.15M | $364.81M | $328.89M | $278.33M | $232.78M | $193.49M | $143.33M | $128.36M | $95.83M | $182.96M | $244.39M | $242.41M |
| High Forecast | $392.80M | $382.27M | $376.50M | $377.15M | $380.47M | $363.96M | $352.84M | $348.55M | $345.40M | $338.05M | $336.31M | $307.89M | $337.06M | $333.66M | $305.89M | $342.85M | $387.46M | $440.94M | $457.15M | $364.81M | $328.89M | $278.33M | $232.78M | $193.49M | $143.33M | $128.36M | $95.83M | $182.96M | $244.39M | $242.41M |
| Low Forecast | $339.23M | $330.14M | $325.16M | $325.72M | $328.59M | $314.33M | $304.73M | $308.41M | $317.88M | $317.26M | $336.31M | $307.89M | $318.68M | $301.50M | $264.17M | $296.10M | $334.62M | $440.94M | $457.15M | $364.81M | $328.89M | $278.33M | $232.78M | $193.49M | $143.33M | $128.36M | $95.83M | $182.96M | $244.39M | $242.41M |
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 9 | 4 | 4 | 4 | 5 | 11 | 5 | 9 | 5 | 4 | 4 | 7 | 5 | 5 | 10 | 7 | 5 | 5 | 9 | 6 | 4 | 4 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 0.99% | 0.98% | 0.96% | 0.96% | 1.10% | 1.06% | 1.04% | 1.02% | 1.02% | 1.08% | 1.07% | 1.04% | 0.94% | 0.86% | 0.99% | 0.94% | 1.01% |
Magnolia Oil & Gas's average Quarter revenue forecast for Mar 24 based on 4 analysts is $307.89M, with a low forecast of $307.89M, and a high forecast of $307.89M. MGY's average Quarter revenue forecast represents a -4.57% decrease compared to the company's last Quarter revenue of $322.63M (Dec 23).
Magnolia Oil & Gas EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 9 | 4 | 4 | 4 | 5 | 11 | 5 | 9 | 5 | 4 | 4 | 7 | 5 | 5 | 10 | 7 | 5 | 5 | 9 | 6 | 4 | 4 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $191.74M | $203.48M | $171.34M | $229.10M | $261.69M | $380.56M | $392.05M | $289.18M | $255.47M | $219.63M | $179.89M | $144.72M | $95.30M | $71.25M | $29.19M | $-436.81M | $163.94M | $175.30M |
| Avg Forecast | $144.68M | $140.80M | $138.68M | $138.92M | $140.14M | $134.06M | $129.96M | $129.41M | $130.01M | $128.46M | $131.85M | $109.94M | $127.70M | $124.79M | $112.67M | $86.91M | $209.51M | $220.49M | $302.07M | $182.42M | $164.46M | $139.18M | $116.40M | $68.70M | $71.67M | $64.18M | $47.92M | $-718.61M | $122.21M | $121.21M |
| High Forecast | $153.99M | $149.87M | $147.60M | $147.86M | $149.16M | $142.69M | $138.33M | $136.65M | $135.41M | $132.53M | $131.85M | $131.93M | $132.14M | $130.81M | $119.92M | $104.29M | $251.42M | $220.49M | $362.48M | $182.42M | $164.46M | $139.18M | $116.40M | $82.44M | $71.67M | $64.18M | $47.92M | $-574.89M | $122.21M | $121.21M |
| Low Forecast | $132.99M | $129.43M | $127.48M | $127.70M | $128.82M | $123.23M | $119.47M | $120.91M | $124.62M | $124.38M | $131.85M | $87.95M | $124.94M | $118.20M | $103.57M | $69.53M | $167.61M | $220.49M | $241.65M | $182.42M | $164.46M | $139.18M | $116.40M | $54.96M | $71.67M | $64.18M | $47.92M | $-862.34M | $122.21M | $121.21M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.50% | 1.63% | 1.52% | 2.64% | 1.25% | 1.73% | 1.30% | 1.59% | 1.55% | 1.58% | 1.55% | 2.11% | 1.33% | 1.11% | 0.61% | 0.61% | 1.34% | 1.45% |
4 analysts predict MGY's average Quarter EBITDA for Mar 24 to be $109.94M, with a high of $131.93M and a low of $87.95M. This is -42.66% lower than Magnolia Oil & Gas's previous annual EBITDA (Dec 23) of $191.74M.
Magnolia Oil & Gas Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 9 | 4 | 4 | 4 | 5 | 11 | 5 | 9 | 5 | 4 | 4 | 7 | 5 | 5 | 10 | 7 | 5 | 5 | 9 | 6 | 4 | 4 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $98.44M | $102.03M | $91.49M | $96.33M | $231.74M | $245.48M | $250.58M | $166.04M | $192.15M | $119.36M | $84.44M | $63.24M | $27.75M | $9.15M | $-18.27M | $-1.23B | $13.63M | $17.36M |
| Avg Forecast | $115.83M | $108.38M | $103.94M | $106.01M | $101.44M | $93.96M | $90.44M | $92.48M | $91.75M | $89.62M | $98.49M | $59.94M | $99.80M | $100.69M | $79.66M | $47.39M | $147.39M | $209.02M | $220.85M | $171.44M | $147.30M | $113.33M | $75.28M | $37.46M | $19.12M | $12.50M | $-10.81M | $-766.88M | $13.43M | $15.08M |
| High Forecast | $125.52M | $117.45M | $112.63M | $114.88M | $109.93M | $101.82M | $98.01M | $107.89M | $103.47M | $97.12M | $98.51M | $71.93M | $108.72M | $117.47M | $86.32M | $56.86M | $176.86M | $209.02M | $265.02M | $171.44M | $147.30M | $113.33M | $75.28M | $44.95M | $19.12M | $12.50M | $-10.81M | $-613.50M | $13.43M | $15.08M |
| Low Forecast | $103.67M | $97.00M | $93.02M | $94.88M | $90.79M | $84.09M | $80.94M | $77.07M | $80.04M | $80.21M | $98.47M | $47.96M | $92.67M | $83.91M | $71.29M | $37.91M | $117.91M | $209.02M | $176.68M | $171.44M | $147.30M | $113.33M | $75.28M | $29.97M | $19.12M | $12.50M | $-10.81M | $-920.26M | $13.43M | $15.08M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 1.01% | 1.15% | 2.03% | 1.57% | 1.17% | 1.13% | 0.97% | 1.30% | 1.05% | 1.12% | 1.69% | 1.45% | 0.73% | 1.69% | 1.60% | 1.02% | 1.15% |
Magnolia Oil & Gas's average Quarter net income forecast for Mar 24 is $59.94M, with a range of $47.96M to $71.93M. MGY's average Quarter net income forecast represents a -39.11% decrease compared to the company's last Quarter net income of $98.44M (Dec 23).
Magnolia Oil & Gas SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 9 | 4 | 4 | 4 | 5 | 11 | 5 | 9 | 5 | 4 | 4 | 7 | 5 | 5 | 10 | 7 | 5 | 5 | 9 | 6 | 4 | 4 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $53.45M | $19.37M | $18.73M | $19.77M | $17.20M | $19.63M | $18.53M | $17.07M | $15.46M | $14.70M | $24.76M | $20.36M | $18.45M | $16.66M | $15.73M | $18.08M | $16.78M | $17.34M |
| Avg Forecast | $27.94M | $27.19M | $26.78M | $26.82M | $27.06M | $25.89M | $25.09M | $24.99M | $25.10M | $24.80M | $25.46M | $19.30M | $24.66M | $24.10M | $21.76M | $15.26M | $15.17M | $33.38M | $16.33M | $27.62M | $24.90M | $21.07M | $17.62M | $12.06M | $10.85M | $9.72M | $7.25M | $13.85M | $18.50M | $18.35M |
| High Forecast | $29.73M | $28.94M | $28.50M | $28.55M | $28.80M | $27.55M | $26.71M | $26.38M | $26.15M | $25.59M | $25.46M | $23.16M | $25.51M | $25.26M | $23.16M | $18.31M | $18.20M | $33.38M | $19.60M | $27.62M | $24.90M | $21.07M | $17.62M | $14.47M | $10.85M | $9.72M | $7.25M | $13.85M | $18.50M | $18.35M |
| Low Forecast | $25.68M | $24.99M | $24.61M | $24.66M | $24.87M | $23.79M | $23.07M | $23.35M | $24.06M | $24.02M | $25.46M | $15.44M | $24.12M | $22.82M | $20.00M | $12.21M | $12.14M | $33.38M | $13.07M | $27.62M | $24.90M | $21.07M | $17.62M | $9.65M | $10.85M | $9.72M | $7.25M | $13.85M | $18.50M | $18.35M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 2.17% | 0.80% | 0.86% | 1.30% | 1.13% | 0.59% | 1.13% | 0.62% | 0.62% | 0.70% | 1.40% | 1.69% | 1.70% | 1.71% | 2.17% | 1.31% | 0.91% | 0.95% |
Magnolia Oil & Gas's average Quarter SG&A projection for Mar 24 is $19.30M, based on 4 Wall Street analysts, with a range of $15.44M to $23.16M. The forecast indicates a -63.89% fall compared to MGY last annual SG&A of $53.45M (Dec 23).
Magnolia Oil & Gas EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 9 | 4 | 4 | 4 | 5 | 11 | 5 | 9 | 5 | 4 | 4 | 7 | 5 | 5 | 10 | 7 | 5 | 5 | 9 | 6 | 4 | 4 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $0.52 | $0.55 | $0.48 | $0.50 | $1.21 | $1.29 | $1.32 | $0.90 | $1.06 | $0.91 | $0.66 | $0.55 | $0.17 | $0.08 | $-0.18 | $-11.34 | $0.08 | $0.10 |
| Avg Forecast | $0.62 | $0.58 | $0.55 | $0.56 | $0.54 | $0.50 | $0.48 | $0.49 | $0.49 | $0.48 | $0.52 | $0.47 | $0.53 | $0.54 | $0.42 | $0.54 | $0.77 | $1.13 | $1.17 | $0.93 | $0.80 | $0.61 | $0.41 | $0.27 | $0.10 | $0.07 | $-0.06 | $-0.08 | $0.07 | $0.08 |
| High Forecast | $0.67 | $0.63 | $0.60 | $0.61 | $0.59 | $0.54 | $0.52 | $0.57 | $0.55 | $0.52 | $0.52 | $0.47 | $0.58 | $0.63 | $0.46 | $0.58 | $0.84 | $1.13 | $1.18 | $0.93 | $0.80 | $0.61 | $0.41 | $0.27 | $0.10 | $0.07 | $-0.06 | $-0.08 | $0.07 | $0.08 |
| Low Forecast | $0.55 | $0.52 | $0.50 | $0.51 | $0.48 | $0.45 | $0.43 | $0.41 | $0.43 | $0.43 | $0.52 | $0.47 | $0.49 | $0.45 | $0.38 | $0.48 | $0.69 | $1.13 | $1.16 | $0.93 | $0.80 | $0.61 | $0.41 | $0.27 | $0.10 | $0.07 | $-0.06 | $-0.08 | $0.07 | $0.08 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.98% | 1.03% | 1.13% | 0.93% | 1.56% | 1.14% | 1.13% | 0.97% | 1.33% | 1.49% | 1.62% | 2.01% | 1.64% | 1.22% | 3.08% | 139.84% | 1.12% | 1.23% |
According to 4 Wall Street analysts, Magnolia Oil & Gas's projected average Quarter EPS for Mar 24 is $0.47, with a low estimate of $0.47 and a high estimate of $0.47. This represents a -10.46% decrease compared to MGY previous annual EPS of $0.52 (Dec 23).
Magnolia Oil & Gas Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| VTLE | Vital Energy | $31.23 | $57.83 | 85.17% | Hold |
| CIVI | Civitas Resources | $50.91 | $84.70 | 66.37% | Buy |
| CHRD | Chord Energy | $127.97 | $195.36 | 52.66% | Buy |
| MTDR | Matador Resources Company | $57.77 | $73.11 | 26.55% | Buy |
| PR | Permian Resources | $15.13 | $17.92 | 18.44% | Buy |
| SM | SM Energy Company | $43.89 | $50.00 | 13.92% | Buy |
| MRO | Marathon Oil | $28.75 | $29.00 | 0.87% | Buy |
| HES | Hess | $146.23 | $142.81 | -2.34% | Hold |
| MGY | Magnolia Oil & Gas | $27.29 | $25.06 | -8.17% | Buy |
| RRC | Range Resources | $34.34 | $31.53 | -8.18% | Buy |
| CRK | Comstock Resources | $14.04 | $9.25 | -34.12% | Hold |