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Magnolia Oil & Gas
MGYNYSE
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Magnolia Oil & Gas (NYSE:MGY) Stock, Analyst Ratings, Price Targets, Forecasts
Magnolia Oil & Gas Corp has a consensus price target of $26.44 based on the ratings of 19 analysts. The high is $35 issued by Truist Securities on May 31, 2024. The low is $18 issued by Evercore ISI Group on August 2, 2021. The 3 most-recent analyst ratings were released by Susquehanna, Capital One, and Truist Securities on July 22, 2024, June 11, 2024, and May 31, 2024, respectively. With an average price target of $32 between Susquehanna, Capital One, and Truist Securities, there's an implied 19.40% upside for Magnolia Oil & Gas Corp from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Susquehanna
Capital One
Truist Securities
Mizuho
Piper Sandler
1calculated from analyst ratings
Analyst Ratings for Magnolia Oil & Gas
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 07/22/2024 | Buy Now | 23.13% | Susquehanna | Biju Perincheril | $31 → $33 | Maintains | Positive | Get Alert |
| 07/18/2024 | Buy Now | — | Wolfe Research | Doug Leggate | — | Initiates | → Outperform | Get Alert |
| 07/18/2024 | Buy Now | — | Benchmark | Subash Chandra | — | Reiterates | → Hold | Get Alert |
| 06/11/2024 | Buy Now | 4.48% | Capital One | Phillips Johnston | → $28 | Initiates | → Overweight | Get Alert |
| 05/31/2024 | Buy Now | 30.6% | Truist Securities | Neal Dingmann | $33 → $35 | Maintains | Buy | Get Alert |
| 05/13/2024 | Buy Now | 4.48% | Mizuho | William Janela | $26 → $28 | Maintains | Neutral | Get Alert |
| 04/23/2024 | Buy Now | — | Benchmark | Subash Chandra | — | Reiterates | → Hold | Get Alert |
| 04/22/2024 | Buy Now | 15.67% | Susquehanna | Biju Perincheril | $28 → $31 | Maintains | Positive | Get Alert |
| 04/19/2024 | Buy Now | 8.21% | Piper Sandler | Mark Lear | $29 → $29 | Downgrade | Overweight → Neutral | Get Alert |
| 04/18/2024 | Buy Now | 0.75% | Wells Fargo | Hanwen Chang | $23 → $27 | Maintains | Equal-Weight | Get Alert |
| 04/15/2024 | Buy Now | -17.91% | Citigroup | Paul Diamond | $18 → $22 | Maintains | Sell | Get Alert |
| 03/26/2024 | Buy Now | 4.48% | Goldman Sachs | Umang Choudhary | $24.5 → $28 | Maintains | Buy | Get Alert |
| 03/14/2024 | Buy Now | -2.99% | Mizuho | William Janela | $24 → $26 | Maintains | Neutral | Get Alert |
| 02/16/2024 | Buy Now | 23.13% | Truist Securities | Neal Dingmann | $32 → $33 | Maintains | Buy | Get Alert |
| 01/24/2024 | Buy Now | 8.21% | Piper Sandler | Mark Lear | $30 → $29 | Maintains | Overweight | Get Alert |
| 01/19/2024 | Buy Now | -21.64% | Wells Fargo | Nitin Kumar | $23 → $21 | Maintains | Equal-Weight | Get Alert |
| 01/03/2024 | Buy Now | -10.45% | Mizuho | Nitin Kumar | $28 → $24 | Maintains | Neutral | Get Alert |
| 12/11/2023 | Buy Now | -32.84% | Citigroup | Paul Diamond | $24 → $18 | Downgrade | Neutral → Sell | Get Alert |
| 10/09/2023 | Buy Now | -10.45% | Citigroup | Paul Diamond | $25 → $24 | Maintains | Neutral | Get Alert |
| 09/06/2023 | Buy Now | -2.99% | Mizuho | Nitin Kumar | $25 → $26 | Maintains | Neutral | Get Alert |
| 09/06/2023 | Buy Now | 8.21% | Truist Securities | Neal Dingmann | $27 → $29 | Maintains | Buy | Get Alert |
| 08/16/2023 | Buy Now | — | Mizuho | Nitin Kumar | — | Downgrade | Buy → Neutral | Get Alert |
| 08/10/2023 | Buy Now | — | Keybanc | Tim Rezvan | — | Downgrade | Overweight → Sector Weight | Get Alert |
| 08/01/2023 | Buy Now | 4.48% | Mizuho | Nitin Kumar | $28 → $28 | Maintains | Buy | Get Alert |
| 06/14/2023 | Buy Now | -8.58% | Goldman Sachs | Umang Choudhary | $27.5 → $24.5 | Maintains | Buy | Get Alert |
| 05/22/2023 | Buy Now | -17.91% | Citigroup | Paul Diamond | $25 → $22 | Maintains | Neutral | Get Alert |
| 05/19/2023 | Buy Now | 4.48% | Mizuho | Nitin Kumar | $29 → $28 | Maintains | Buy | Get Alert |
| 05/18/2023 | Buy Now | 23.13% | Piper Sandler | Mark Lear | $34 → $33 | Maintains | Overweight | Get Alert |
| 05/05/2023 | Buy Now | 23.13% | Truist Securities | Neal Dingmann | $36 → $33 | Maintains | Buy | Get Alert |
| 04/19/2023 | Buy Now | 26.87% | Piper Sandler | Mark Lear | $35 → $34 | Maintains | Overweight | Get Alert |
| 04/11/2023 | Buy Now | 34.33% | Truist Securities | Neal Dingmann | $29 → $36 | Maintains | Buy | Get Alert |
| 04/11/2023 | Buy Now | 8.21% | Mizuho | Nitin Kumar | → $29 | Reiterates | → Buy | Get Alert |
| 03/24/2023 | Buy Now | -4.85% | Goldman Sachs | Umang Choudhary | $30 → $25.5 | Maintains | Buy | Get Alert |
| 03/10/2023 | Buy Now | 8.21% | Mizuho | Nitin Kumar | $32 → $29 | Maintains | Buy | Get Alert |
| 03/07/2023 | Buy Now | 30.6% | Piper Sandler | Mark Lear | $37 → $35 | Maintains | Overweight | Get Alert |
| 02/16/2023 | Buy Now | 8.21% | Credit Suisse | William Janela | $28 → $29 | Maintains | Buy | Get Alert |
| 01/11/2023 | Buy Now | 30.6% | Piper Sandler | Mark Lear | $36 → $35 | Maintains | Overweight | Get Alert |
| 01/10/2023 | Buy Now | 19.4% | Mizuho | Nitin Kumar | → $32 | Initiates | → Buy | Get Alert |
| 12/08/2022 | Buy Now | 4.48% | Keybanc | Tim Rezvan | $30 → $28 | Maintains | Overweight | Get Alert |
| 11/17/2022 | Buy Now | 34.33% | Piper Sandler | Mark Lear | $32 → $36 | Maintains | Overweight | Get Alert |
| 11/03/2022 | Buy Now | 11.94% | Keybanc | Tim Rezvan | $28 → $30 | Maintains | Overweight | Get Alert |
| 10/18/2022 | Buy Now | 19.4% | Piper Sandler | Mark Lear | $33 → $32 | Maintains | Overweight | Get Alert |
| 09/20/2022 | Buy Now | 4.48% | Keybanc | Tim Rezvan | → $28 | Initiates | → Overweight | Get Alert |
| 07/20/2022 | Buy Now | -2.99% | MKM Partners | Leo Mariani | → $26 | Assumes | → Buy | Get Alert |
| 07/19/2022 | Buy Now | 45.52% | Truist Securities | Neal Dingmann | $35 → $39 | Maintains | Buy | Get Alert |
| 07/11/2022 | Buy Now | 11.94% | Wells Fargo | Nitin Kumar | $29 → $30 | Maintains | Equal-Weight | Get Alert |
| 04/25/2022 | Buy Now | 8.21% | Susquehanna | Biju Perincheril | $24 → $29 | Maintains | Positive | Get Alert |
| 04/14/2022 | Buy Now | 4.48% | Keybanc | Leo Mariani | $27 → $28 | Maintains | Overweight | Get Alert |
| 04/07/2022 | Buy Now | 15.67% | Piper Sandler | Mark Lear | $29 → $31 | Maintains | Overweight | Get Alert |
| 03/24/2022 | Buy Now | 0.75% | Keybanc | Leo Mariani | $26 → $27 | Maintains | Overweight | Get Alert |
| 03/14/2022 | Buy Now | 8.21% | Wells Fargo | Nitin Kumar | $23 → $29 | Maintains | Equal-Weight | Get Alert |
| 03/09/2022 | Buy Now | -2.99% | Keybanc | Leo Mariani | $25 → $26 | Maintains | Overweight | Get Alert |
| 03/03/2022 | Buy Now | -6.72% | Keybanc | Leo Mariani | $24 → $25 | Maintains | Overweight | Get Alert |
| 01/27/2022 | Buy Now | -10.45% | Keybanc | Leo Mariani | $23 → $24 | Maintains | Overweight | Get Alert |
| 01/05/2022 | Buy Now | -14.18% | Wells Fargo | Nitin Kumar | → $23 | Downgrade | Overweight → Equal-Weight | Get Alert |
| 12/07/2021 | Buy Now | -10.45% | JP Morgan | Michael Glick | — | Downgrade | Overweight → Neutral | Get Alert |
| 11/02/2021 | Buy Now | -21.64% | Credit Suisse | William Janela | — | Maintains | Neutral | Get Alert |
| 10/28/2021 | Buy Now | -14.18% | Keybanc | — | — | Maintains | Overweight | Get Alert |
| 10/26/2021 | Buy Now | — | Benchmark | Subash Chandra | — | Initiates | → Hold | Get Alert |
| 10/14/2021 | Buy Now | -17.91% | Keybanc | — | — | Maintains | Overweight | Get Alert |
| 10/07/2021 | Buy Now | -17.91% | Wells Fargo | Nitin Kumar | — | Maintains | Overweight | Get Alert |
| 10/07/2021 | Buy Now | -25.37% | Keybanc | Leo Mariani | — | Maintains | Overweight | Get Alert |
| 09/30/2021 | Buy Now | -29.1% | Keybanc | — | — | Maintains | Overweight | Get Alert |
| 09/16/2021 | Buy Now | -32.84% | Keybanc | — | — | Maintains | Overweight | Get Alert |
| 08/30/2021 | Buy Now | -21.64% | Truist Securities | Neal Dingmann | — | Upgrade | Hold → Buy | Get Alert |
| 08/23/2021 | Buy Now | -40.3% | Wells Fargo | Nitin Kumar | — | Maintains | Overweight | Get Alert |
| 08/02/2021 | Buy Now | -32.84% | Evercore ISI Group | Stephen Richardson | — | Initiates | → Outperform | Get Alert |
FAQ
What is the target price for Magnolia Oil & Gas (MGY) stock?
The latest price target for Magnolia Oil & Gas (NYSE:MGY) was reported by Susquehanna on July 22, 2024. The analyst firm set a price target for $33.00 expecting MGY to rise to within 12 months (a possible 23.13% upside). 24 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Magnolia Oil & Gas (MGY)?
The latest analyst rating for Magnolia Oil & Gas (NYSE:MGY) was provided by Susquehanna, and Magnolia Oil & Gas maintained their positive rating.
When was the last upgrade for Magnolia Oil & Gas (MGY)?
The last upgrade for Magnolia Oil & Gas Corp happened on August 30, 2021 when Truist Securities raised their price target to $21. Truist Securities previously had a hold for Magnolia Oil & Gas Corp.
When was the last downgrade for Magnolia Oil & Gas (MGY)?
The last downgrade for Magnolia Oil & Gas Corp happened on April 19, 2024 when Piper Sandler changed their price target from $29 to $29 for Magnolia Oil & Gas Corp.
When is the next analyst rating going to be posted or updated for Magnolia Oil & Gas (MGY)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Magnolia Oil & Gas, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Magnolia Oil & Gas was filed on July 22, 2024 so you should expect the next rating to be made available sometime around July 22, 2025.
Is the Analyst Rating Magnolia Oil & Gas (MGY) correct?
While ratings are subjective and will change, the latest Magnolia Oil & Gas (MGY) rating was a maintained with a price target of $31.00 to $33.00. The current price Magnolia Oil & Gas (MGY) is trading at is $26.80, which is out of the analyst’s predicted range.
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