Magnolia Oil & Gas (MGY) Stock Forecast & Price Target

$22.89 -0.25 (-1.08%)

(As of 12/20/2024 05:31 PM ET)

Magnolia Oil & Gas - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 13 Analyst Ratings

Sell
2

Hold
5

Buy
6

Based on 13 Wall Street analysts who have issued ratings for Magnolia Oil & Gas in the last 12 months, the stock has a consensus rating of "Hold." Out of the 13 analysts, 2 have given a sell rating, 5 have given a hold rating, and 6 have given a buy rating for MGY.

Consensus Price Target

$27.58
20.50% Upside

According to the 13 analysts' twelve-month price targets for Magnolia Oil & Gas, the average price target is $27.58. The highest price target for MGY is $33.00, while the lowest price target for MGY is $22.00. The average price target represents a forecasted upside of 20.50% from the current price of $22.89.

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MGY Analyst Ratings Over Time

Type	Current Forecast 12/23/23 to 12/22/24	1 Month Ago 11/23/23 to 11/22/24	3 Months Ago 9/24/23 to 9/23/24	1 Year Ago 12/23/22 to 12/23/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)	4 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)	2 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$27.58	$27.67	$28.00	$25.67
Forecasted Upside	20.50% Upside	-3.84% Downside	6.54% Upside	18.01% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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MGY Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

MGY Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Magnolia Oil & Gas Stock vs. The Competition

Type	Magnolia Oil & Gas	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.31	2.63	2.51
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	20.50% Upside	1,671.86% Upside	14.53% Upside
News Sentiment Rating	Neutral News See Recent MGY News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
12/17/2024	Piper Sandler 2 of 5 stars		Lower Target	Neutral ➝ Neutral	$26.00 ➝ $24.00	-0.58%
12/16/2024	Mizuho 3 of 5 stars		Boost Target	Neutral ➝ Neutral	$27.00 ➝ $28.00	+13.04%
11/1/2024	Truist Financial 2 of 5 stars		Boost Target	Buy ➝ Buy	$31.00 ➝ $33.00	+29.46%
10/15/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold
10/15/2024	Siebert Williams Shank Subscribe to MarketBeat All Access for the recommendation accuracy rating	G. Sorbara Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold	$30.00	+12.15%
10/1/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	H. Chang Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Equal Weight ➝ Underweight	$26.00 ➝ $22.00	-9.91%
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9/12/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$26.00 ➝ $23.00	-2.04%
9/4/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Positive ➝ Positive	$33.00 ➝ $32.00	+31.47%
7/23/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$28.00 ➝ $29.00	+11.93%
7/18/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Escalante Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$32.00	+17.99%
6/11/2024	Capital One Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Johnston Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Overweight	$28.00	+14.29%
4/15/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sell ➝ Sell	$18.00 ➝ $22.00	-17.42%
3/26/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$24.50 ➝ $28.00	+10.94%
2/16/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$28.00 ➝ $29.00	+36.60%
2/14/2023	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	L. Mariani Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 05:52 AM ET.

MGY Forecast - Frequently Asked Questions

: According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Magnolia Oil & Gas is $27.58, with a high forecast of $33.00 and a low forecast of $22.00.
: 13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Magnolia Oil & Gas in the last twelve months. There are currently 2 sell ratings, 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MGY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MGY, but not buy additional shares or sell existing shares.
: According to analysts, Magnolia Oil & Gas's stock has a predicted upside of 20.50% based on their 12-month stock forecasts.
: Over the previous 90 days, Magnolia Oil & Gas's stock had 2 downgrades by analysts.
: Magnolia Oil & Gas has been rated by research analysts at Benchmark, Mizuho, Piper Sandler, Siebert Williams Shank, Truist Financial, and Wells Fargo & Company in the past 90 days.
: Analysts like Magnolia Oil & Gas less than other "oils/energy" companies. The consensus rating for Magnolia Oil & Gas is Hold while the average consensus rating for "oils/energy" companies is Moderate Buy. Learn more on how MGY compares to other companies.

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This page (NYSE:MGY) was last updated on 12/22/2024 by MarketBeat.com Staff

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Magnolia Oil & Gas (MGY) Stock Forecast & Price Target