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 24.52% upside from MGY’s last price of $23.29) 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 $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 24.52% upside from MGY's last price of $23.29.
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% | 33.10% |
| Sep 16, 2024 | William Janela | Mizuho Securities | $27.00 | $23.84 | 13.26% | 15.93% |
| Jun 11, 2024 | Phillips Johnston | Capital One Financial | $28.00 | $24.69 | 13.41% | 20.22% |
| May 31, 2024 | Neal Dingmann | Truist Financial | $35.00 | $25.46 | 37.47% | 50.28% |
| Apr 19, 2024 | Mark Lear | Piper Sandler | $29.00 | $25.68 | 12.93% | 24.52% |
| Apr 18, 2024 | Hanwen Chang | Wells Fargo | $27.00 | $25.82 | 4.57% | 15.93% |
| Jan 11, 2023 | Piper Sandler | $35.00 | $22.40 | 56.25% | 50.28% | |
| Nov 17, 2022 | Piper Sandler | $36.00 | $26.34 | 36.67% | 54.57% | |
| Jul 27, 2022 | Leo Mariani | MKM Partners | $26.00 | $22.89 | 13.61% | 11.64% |
| Jul 19, 2022 | Truist Financial | $39.00 | $21.18 | 84.14% | 67.45% | |
| Jul 11, 2022 | Wells Fargo | $30.00 | $19.94 | 50.45% | 28.81% | |
| Apr 25, 2022 | Susquehanna | $29.00 | $24.01 | 20.78% | 24.52% | |
| Aug 05, 2021 | John Gerdes | MKM Partners | $16.00 | $14.02 | 14.12% | -31.30% |
| Jun 16, 2021 | Jeff Grampp | Northland Securities | $14.00 | $15.59 | -10.20% | -39.89% |
| Apr 20, 2021 | Umang Choudhary | Goldman Sachs | $14.50 | $10.50 | 38.10% | -37.74% |
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 33.10% increase from MGY last price ($23.29).
Magnolia Oil & Gas Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 6 |
| Avg Price Target | - | $31.00 | $29.50 |
| Last Closing Price | $23.29 | $23.29 | $23.29 |
| Upside/Downside | -100.00% | 33.10% | 26.66% |
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 $23.29. This month's average price target is down -100.00% compared to last quarter, and down -100.00% 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 |
| 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 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 | $358.02M | $342.65M | $332.32M | $329.93M | $330.73M | $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 | $394.91M | $384.32M | $378.52M | $379.18M | $383.10M | $366.67M | $355.61M | $345.22M | $346.13M | $338.05M | $336.31M | $307.89M | $337.06M | $333.66M | $307.53M | $344.69M | $389.53M | $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 | $335.87M | $326.87M | $321.93M | $322.49M | $325.83M | $311.85M | $302.45M | $310.99M | $324.85M | $317.26M | $336.31M | $307.89M | $318.68M | $301.50M | $261.55M | $293.16M | $331.30M | $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 | 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 | 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 | 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 | 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 | $144.66M | $140.78M | $138.66M | $138.90M | $140.34M | $134.31M | $130.26M | $129.33M | $129.64M | $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 | $47.92M | $-718.61M | $122.21M | $121.21M |
| High Forecast | $154.80M | $150.65M | $148.37M | $148.63M | $150.17M | $143.73M | $139.39M | $135.32M | $135.68M | $132.51M | $131.83M | $131.93M | $132.12M | $130.79M | $120.55M | $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 | $131.65M | $128.13M | $126.19M | $126.41M | $127.72M | $122.24M | $118.55M | $121.90M | $127.34M | $124.36M | $131.83M | $87.95M | $124.92M | $118.18M | $102.52M | $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 | 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 | 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 | $101.82M | $94.43M | $90.88M | $92.28M | $91.10M | $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 | $126.38M | $118.25M | $113.40M | $115.67M | $111.10M | $103.03M | $99.16M | $107.05M | $102.73M | $97.78M | $98.51M | $71.93M | $108.72M | $117.47M | $86.91M | $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 | $102.29M | $95.71M | $91.79M | $93.62M | $89.92M | $83.39M | $80.26M | $73.83M | $79.47M | $79.14M | $98.47M | $47.96M | $92.67M | $83.91M | $70.35M | $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 | 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 | 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 | $27.10M | $25.94M | $25.16M | $24.98M | $25.04M | $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 | $29.89M | $29.09M | $28.65M | $28.70M | $29.00M | $27.76M | $26.92M | $26.13M | $26.20M | $25.59M | $25.46M | $23.16M | $25.51M | $25.26M | $23.28M | $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 | $25.43M | $24.74M | $24.37M | $24.41M | $24.67M | $23.61M | $22.90M | $23.54M | $24.59M | $24.02M | $25.46M | $15.44M | $24.12M | $22.82M | $19.80M | $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 | 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 | 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 | $0.48 | $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 | $0.62 | $0.59 | $0.55 | $0.53 | $0.57 | $0.55 | $0.52 | $0.52 | $0.47 | $0.58 | $0.63 | $0.46 | $0.59 | $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 | $0.54 | $0.51 | $0.49 | $0.50 | $0.48 | $0.44 | $0.43 | $0.39 | $0.42 | $0.42 | $0.52 | $0.47 | $0.49 | $0.45 | $0.37 | $0.47 | $0.68 | $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 |
|---|---|---|---|---|---|
| CIVI | Civitas Resources | $44.99 | $82.17 | 82.64% | Buy |
| CHRD | Chord Energy | $115.09 | $189.25 | 64.44% | Buy |
| VTLE | Vital Energy | $29.45 | $48.00 | 62.99% | Hold |
| PR | Permian Resources | $13.97 | $20.00 | 43.16% | Buy |
| SM | SM Energy Company | $38.87 | $52.67 | 35.50% | Buy |
| MTDR | Matador Resources Company | $55.69 | $74.67 | 34.08% | Buy |
| HES | Hess | $134.41 | $169.00 | 25.73% | Hold |
| MGY | Magnolia Oil & Gas | $24.24 | $29.00 | 19.64% | Buy |
| RRC | Range Resources | $34.15 | $35.88 | 5.07% | Buy |
| CRK | Comstock Resources | $16.09 | $8.67 | -46.12% | Hold |