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 $29.00 (represents a 16.94% upside from MGY’s last price of $24.80) 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 $29.00 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 $27.00. This represents a potential 16.94% upside from MGY's last price of $24.80.
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% | 25.00% |
| Sep 16, 2024 | William Janela | Mizuho Securities | $27.00 | $23.84 | 13.26% | 8.87% |
| Jun 11, 2024 | Phillips Johnston | Capital One Financial | $28.00 | $24.69 | 13.41% | 12.90% |
| May 31, 2024 | Neal Dingmann | Truist Financial | $35.00 | $25.46 | 37.47% | 41.13% |
| Apr 19, 2024 | Mark Lear | Piper Sandler | $29.00 | $25.68 | 12.93% | 16.94% |
| Apr 18, 2024 | Hanwen Chang | Wells Fargo | $27.00 | $25.82 | 4.57% | 8.87% |
| Jan 11, 2023 | Piper Sandler | $35.00 | $22.40 | 56.25% | 41.13% | |
| Nov 17, 2022 | Piper Sandler | $36.00 | $26.34 | 36.67% | 45.16% | |
| Jul 27, 2022 | Leo Mariani | MKM Partners | $26.00 | $22.89 | 13.61% | 4.84% |
| Jul 19, 2022 | Truist Financial | $39.00 | $21.18 | 84.14% | 57.26% | |
| Jul 11, 2022 | Wells Fargo | $30.00 | $19.94 | 50.45% | 20.97% | |
| Apr 25, 2022 | Susquehanna | $29.00 | $24.01 | 20.78% | 16.94% | |
| Aug 05, 2021 | John Gerdes | MKM Partners | $16.00 | $14.02 | 14.12% | -35.48% |
| Jun 16, 2021 | Jeff Grampp | Northland Securities | $14.00 | $15.59 | -10.20% | -43.55% |
| Apr 20, 2021 | Umang Choudhary | Goldman Sachs | $14.50 | $10.50 | 38.10% | -41.53% |
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 25.00% increase from MGY last price ($24.80).
Magnolia Oil & Gas Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 6 |
| Avg Price Target | - | - | $29.50 |
| Last Closing Price | $24.80 | $24.80 | $24.80 |
| Upside/Downside | -100.00% | -100.00% | 18.95% |
In the current month, the average price target of Magnolia Oil & Gas stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Magnolia Oil & Gas's last price of $24.80. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Jan 03, 2025 | Wolfe Research | Outperform | Outperform | Hold |
| 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 |
| Nov 17, 2022 | Piper Sandler | Overweight | Overweight | Hold |
| Jul 11, 2022 | Wells Fargo | Equal-Weight | Equal-Weight | Hold |
Magnolia Oil & Gas's last stock rating was published by Wolfe Research on Jan 03, 2025. The company gave MGY a "Outperform" rating, the same as its previous rate.
Magnolia Oil & Gas Financial Forecast
Magnolia Oil & Gas Revenue Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Avg Forecast | $630.03M | $599.89M | $571.20M | $543.87M | $366.14M | $356.44M | $351.63M | $352.08M | $357.97M | $342.79M | $330.36M | $330.25M | $326.79M | $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 |
| High Forecast | $671.51M | $639.39M | $608.80M | $579.68M | $390.25M | $379.91M | $374.78M | $375.26M | $381.53M | $365.36M | $352.11M | $349.79M | $341.20M | $338.05M | $336.31M | $307.89M | $337.06M | $333.66M | $306.31M | $343.32M | $394.10M | $440.94M | $457.15M | $364.81M | $328.89M | $278.33M | $232.78M | $193.49M | $143.33M | $128.36M |
| Low Forecast | $580.06M | $552.31M | $525.89M | $500.74M | $337.10M | $328.17M | $323.74M | $324.16M | $329.57M | $315.60M | $304.16M | $310.04M | $320.35M | $317.26M | $336.31M | $307.89M | $318.68M | $301.50M | $264.59M | $296.57M | $333.28M | $440.94M | $457.15M | $364.81M | $328.89M | $278.33M | $232.78M | $193.49M | $143.33M | $128.36M |
| # Analysts | 6 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 9 | 4 | 4 | 4 | 5 | 11 | 5 | 9 | 5 | 4 | 4 | 7 | 5 | 5 | 10 | 7 | 5 | 5 |
| 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% |
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 27 | Sep 27 | Jun 27 | Mar 27 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 9 | 4 | 4 | 4 | 5 | 11 | 5 | 9 | 5 | 4 | 4 | 7 | 5 | 5 | 10 | 7 | 5 | 5 |
| 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 |
| Avg Forecast | $246.96M | $235.15M | $223.90M | $213.19M | $143.52M | $139.72M | $137.83M | $138.01M | $140.32M | $134.37M | $129.50M | $129.45M | $128.10M | $128.44M | $131.83M | $109.94M | $127.68M | $124.77M | $112.65M | $86.91M | $209.51M | $220.49M | $302.07M | $182.42M | $164.46M | $139.18M | $116.40M | $68.70M | $71.67M | $64.18M |
| High Forecast | $263.22M | $250.63M | $238.64M | $227.23M | $152.97M | $148.92M | $146.91M | $147.10M | $149.56M | $143.22M | $138.02M | $137.11M | $133.74M | $132.51M | $131.83M | $131.93M | $132.12M | $130.79M | $120.07M | $104.29M | $251.42M | $220.49M | $362.48M | $182.42M | $164.46M | $139.18M | $116.40M | $82.44M | $71.67M | $64.18M |
| Low Forecast | $227.37M | $216.50M | $206.14M | $196.28M | $132.14M | $128.64M | $126.90M | $127.06M | $129.19M | $123.71M | $119.23M | $121.53M | $125.57M | $124.36M | $131.83M | $87.95M | $124.92M | $118.18M | $103.72M | $69.53M | $167.61M | $220.49M | $241.65M | $182.42M | $164.46M | $139.18M | $116.40M | $54.96M | $71.67M | $64.18M |
| 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% |
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 27 | Sep 27 | Jun 27 | Mar 27 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 9 | 4 | 4 | 4 | 5 | 11 | 5 | 9 | 5 | 4 | 4 | 7 | 5 | 5 | 10 | 7 | 5 | 5 |
| 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 |
| Avg Forecast | $127.75M | $114.60M | $108.97M | $112.72M | $114.45M | $109.83M | $102.99M | $104.76M | $105.43M | $98.62M | $92.57M | $94.85M | $86.42M | $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 |
| High Forecast | $138.69M | $124.41M | $118.29M | $122.37M | $124.25M | $119.23M | $111.81M | $113.73M | $114.45M | $107.07M | $100.49M | $108.40M | $97.45M | $97.29M | $98.51M | $71.93M | $108.72M | $117.47M | $86.47M | $56.86M | $176.86M | $209.02M | $265.02M | $171.44M | $147.30M | $113.33M | $75.28M | $44.95M | $19.12M | $12.50M |
| Low Forecast | $114.58M | $102.78M | $97.73M | $101.10M | $102.65M | $98.51M | $92.37M | $93.96M | $94.56M | $88.46M | $83.02M | $77.43M | $75.39M | $80.38M | $98.47M | $47.96M | $92.67M | $83.91M | $71.44M | $37.91M | $117.91M | $209.02M | $176.68M | $171.44M | $147.30M | $113.33M | $75.28M | $29.97M | $19.12M | $12.50M |
| 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% |
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 27 | Sep 27 | Jun 27 | Mar 27 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 9 | 4 | 4 | 4 | 5 | 11 | 5 | 9 | 5 | 4 | 4 | 7 | 5 | 5 | 10 | 7 | 5 | 5 |
| 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 |
| Avg Forecast | $47.69M | $45.41M | $43.24M | $41.17M | $27.72M | $26.98M | $26.62M | $26.65M | $27.10M | $25.95M | $25.01M | $25.00M | $24.74M | $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 |
| High Forecast | $50.83M | $48.40M | $46.09M | $43.88M | $29.54M | $28.76M | $28.37M | $28.41M | $28.88M | $27.66M | $26.65M | $26.48M | $25.83M | $25.59M | $25.46M | $23.16M | $25.51M | $25.26M | $23.19M | $18.31M | $18.20M | $33.38M | $19.60M | $27.62M | $24.90M | $21.07M | $17.62M | $14.47M | $10.85M | $9.72M |
| Low Forecast | $43.91M | $41.81M | $39.81M | $37.91M | $25.52M | $24.84M | $24.51M | $24.54M | $24.95M | $23.89M | $23.02M | $23.47M | $24.25M | $24.02M | $25.46M | $15.44M | $24.12M | $22.82M | $20.03M | $12.21M | $12.14M | $33.38M | $13.07M | $27.62M | $24.90M | $21.07M | $17.62M | $9.65M | $10.85M | $9.72M |
| 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% |
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 27 | Sep 27 | Jun 27 | Mar 27 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 9 | 4 | 4 | 4 | 5 | 11 | 5 | 9 | 5 | 4 | 4 | 7 | 5 | 5 | 10 | 7 | 5 | 5 |
| 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 |
| Avg Forecast | $0.68 | $0.61 | $0.58 | $0.60 | $0.61 | $0.58 | $0.55 | $0.56 | $0.56 | $0.52 | $0.49 | $0.50 | $0.46 | $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 |
| High Forecast | $0.74 | $0.66 | $0.63 | $0.65 | $0.66 | $0.63 | $0.60 | $0.61 | $0.61 | $0.57 | $0.53 | $0.58 | $0.52 | $0.52 | $0.52 | $0.47 | $0.58 | $0.63 | $0.46 | $0.58 | $0.86 | $1.13 | $1.18 | $0.93 | $0.80 | $0.61 | $0.41 | $0.27 | $0.10 | $0.07 |
| Low Forecast | $0.61 | $0.55 | $0.52 | $0.54 | $0.55 | $0.52 | $0.49 | $0.50 | $0.50 | $0.47 | $0.44 | $0.41 | $0.40 | $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 |
| 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% |
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 |
|---|---|---|---|---|---|
| CHRD | Chord Energy | $116.77 | $185.44 | 58.81% | Buy |
| CIVI | Civitas Resources | $51.93 | $76.17 | 46.68% | Buy |
| VTLE | Vital Energy | $33.64 | $48.00 | 42.69% | Hold |
| SM | SM Energy | $40.05 | $54.00 | 34.83% | Buy |
| PR | Permian Resources | $15.11 | $19.60 | 29.72% | Buy |
| MTDR | Matador Resources | $60.26 | $73.57 | 22.09% | Buy |
| MGY | Magnolia Oil & Gas | $24.80 | $29.00 | 16.94% | Buy |
| HES | Hess | $145.16 | $169.38 | 16.69% | Hold |
| RRC | Range Resources | $37.59 | $36.00 | -4.23% | Buy |
| CRK | Comstock Resources | $19.13 | $8.67 | -54.68% | Hold |