In the preceding three months, 5 analysts have released ratings for Magnolia Oil & Gas MGY, presenting a wide array of perspectives from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
---|---|---|---|---|---|
Total Ratings | 2 | 0 | 3 | 0 | 0 |
Last 30D | 1 | 0 | 1 | 0 | 0 |
1M Ago | 0 | 0 | 2 | 0 | 0 |
2M Ago | 0 | 0 | 0 | 0 | 0 |
3M Ago | 1 | 0 | 0 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $29.4, a high estimate of $34.00, and a low estimate of $24.00. This upward trend is evident, with the current average reflecting a 0.68% increase from the previous average price target of $29.20.
Analyzing Analyst Ratings: A Detailed Breakdown
An in-depth analysis of recent analyst actions unveils how financial experts perceive Magnolia Oil & Gas. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
---|---|---|---|---|---|
Neal Dingmann | Truist Securities | Raises | Buy | $34.00 | $33.00 |
Noah Hungness | B of A Securities | Lowers | Neutral | $28.00 | $29.00 |
Mark Lear | Piper Sandler | Lowers | Neutral | $24.00 | $26.00 |
William Janela | Mizuho | Raises | Neutral | $28.00 | $27.00 |
Neal Dingmann | Truist Securities | Raises | Buy | $33.00 | $31.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Magnolia Oil & Gas. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Magnolia Oil & Gas compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Magnolia Oil & Gas's stock. This examination reveals shifts in analysts' expectations over time.
For valuable insights into Magnolia Oil & Gas's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
Stay up to date on Magnolia Oil & Gas analyst ratings.
All You Need to Know About Magnolia Oil & Gas
Magnolia Oil & Gas Corp is an independent oil and natural gas company engaged in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquid (NGL) reserves. The Company's oil and natural gas properties are located in Karnes County and the Giddings area in South Texas, where the Company targets the Eagle Ford Shale and Austin Chalk formations. Its objective is to generate stock market value over the long term through consistent organic production growth, high full-cycle operating margins, and an efficient capital program with short economic paybacks. The company's operating segment is acquisition, development, exploration, and production of oil and natural gas properties located in the United States.
Magnolia Oil & Gas: Delving into Financials
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Positive Revenue Trend: Examining Magnolia Oil & Gas's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 5.53% as of 30 September, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Energy sector.
Net Margin: Magnolia Oil & Gas's net margin excels beyond industry benchmarks, reaching 29.59%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Magnolia Oil & Gas's ROE stands out, surpassing industry averages. With an impressive ROE of 5.29%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 3.49%, the company showcases effective utilization of assets.
Debt Management: Magnolia Oil & Gas's debt-to-equity ratio is below the industry average. With a ratio of 0.21, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
The Basics of Analyst Ratings
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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