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

Magnolia Oil & Gas logo
$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

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

TypeCurrent 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 Upside20.50% Upside-3.84% Downside6.54% Upside18.01% Upside
Consensus Rating
Hold
Hold
Hold
Hold

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.
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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.
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Magnolia Oil & Gas Stock vs. The Competition

TypeMagnolia Oil & GasOils/Energy CompaniesS&P 500
Consensus Rating Score
2.31
2.63
2.51
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside20.50% Upside1,671.86% Upside14.53% Upside
News Sentiment Rating
Neutral News

See Recent MGY News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
12/17/2024Piper Sandler
2 of 5 stars
 Lower TargetNeutral ➝ Neutral$26.00 ➝ $24.00-0.58%
12/16/2024Mizuho
3 of 5 stars
 Boost TargetNeutral ➝ Neutral$27.00 ➝ $28.00+13.04%
11/1/2024Truist Financial
2 of 5 stars
 Boost TargetBuy ➝ Buy$31.00 ➝ $33.00+29.46%
10/15/2024Benchmark
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 Reiterated RatingHold
10/15/2024Siebert Williams Shank
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G. Sorbara
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DowngradeBuy ➝ Hold$30.00+12.15%
10/1/2024Wells Fargo & Company
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H. Chang
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DowngradeEqual Weight ➝ Underweight$26.00 ➝ $22.00-9.91%
9/12/2024JPMorgan Chase & Co.
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 Lower TargetNeutral ➝ Neutral$26.00 ➝ $23.00-2.04%
9/4/2024Susquehanna
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 Lower TargetPositive ➝ Positive$33.00 ➝ $32.00+31.47%
7/23/2024Bank of America
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 Boost TargetBuy ➝ Buy$28.00 ➝ $29.00+11.93%
7/18/2024Wolfe Research
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C. Escalante
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Initiated CoverageOutperform$32.00+17.99%
6/11/2024Capital One Financial
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P. Johnston
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Initiated CoverageOverweight$28.00+14.29%
4/15/2024Citigroup
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 Boost TargetSell ➝ Sell$18.00 ➝ $22.00-17.42%
3/26/2024The Goldman Sachs Group
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 Boost TargetBuy ➝ Buy$24.50 ➝ $28.00+10.94%
2/16/2023Credit Suisse Group
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 Boost TargetBuy$28.00 ➝ $29.00+36.60%
2/14/2023Roth Capital
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L. Mariani
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Reiterated RatingBuy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 08:28 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.


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