Based on ratings from 3 stock analysts, the Magnolia Oil & Gas Corp stock price is expected to increase by 1.18% in 12 months. This is calculated by using the average 12-month stock price forecast for Magnolia Oil & Gas Corp. The lowest target is $22 and the highest is $33. Please note analyst price targets are not guaranteed and could be missed completely.
About 3 Wall Street analysts have assigned MGY 3 buy ratings, 0 hold ratings, and 0 sell ratings. This means that analysts expect Magnolia Oil & Gas Corp to outperform the market. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on MGY. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of MGY.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Neal Dingmann Truist Securities | Buy | $33 | Maintains | Nov 1, 2024 |
Subash Chandra Benchmark | Hold | Reiterates | Oct 15, 2024 | |
Hanwen Chang Wells Fargo | Underweight | $22 | Downgrade | Oct 1, 2024 |
Neal Dingmann Truist Securities | Buy | $31 | Maintains | Sep 30, 2024 |
William Janela Mizuho | Neutral | $27 | Maintains | Sep 16, 2024 |
Michael Glick JP Morgan | Neutral | $23 | Maintains | Sep 12, 2024 |
Biju Perincheril Susquehanna | Positive | $32 | Maintains | Sep 4, 2024 |
Mark Lear Piper Sandler | Neutral | $26 | Maintains | Aug 15, 2024 |
Hanwen Chang Wells Fargo | Equal-Weight | $26 | Maintains | Aug 5, 2024 |
Neal Dingmann Truist Securities | Buy | $35 | Maintains | Aug 2, 2024 |
Noah Hungness B of A Securities | Buy | $29 | Maintains | Jul 23, 2024 |
Neal Dingmann Truist Securities | Buy | $34 | Maintains | Jul 22, 2024 |
Biju Perincheril Susquehanna | Positive | $33 | Maintains | Jul 22, 2024 |
Doug Leggate Wolfe Research | Outperform | Initiates | Jul 18, 2024 | |
Subash Chandra Benchmark | Hold | Reiterates | Jul 18, 2024 | |
Phillips Johnston Capital One | Overweight | $28 | Initiates | Jun 11, 2024 |
Neal Dingmann Truist Securities | Buy | $35 | Maintains | May 31, 2024 |
William Janela Mizuho | Neutral | $28 | Maintains | May 13, 2024 |
Subash Chandra Benchmark | Hold | Reiterates | Apr 23, 2024 | |
Biju Perincheril Susquehanna | Positive | $31 | Maintains | Apr 22, 2024 |
When did it IPO
2014
Staff Count
247
Country
United States
Sector/Industry
Energy/Oil & Gas E&P
CEO
Mr. Christopher G. Stavros
Market Cap
$5.34B
In 2023, MGY generated $1.23B in revenue, which was a decrease of -27.59% from the previous year. This can be seen as a signal that MGY's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - Magnolia Oil & Gas Operating LLC has announced a proposed offering of $400 million in senior notes.
Why It Matters - The proposed $400 million senior notes offering indicates Magnolia Oil & Gas is seeking capital, potentially affecting its financial leverage and investment strategies, impacting stock performance.
Summary - Magnolia Oil & Gas Operating LLC has priced a $400 million offering of senior notes.
Why It Matters - The $400 million senior notes offering indicates Magnolia Oil & Gas is seeking capital, potentially impacting its financial health, leverage, and ability to fund growth or manage debt.
Summary - Magnolia Oil and Gas, with a market cap of $5.4 billion, offers a 1.9% dividend and is buying back shares. It's rated a hold due to its high 52-week price and notable short interest.
Why It Matters - Magnolia Oil and Gas shows stability with a solid market cap, a dividend, and share buybacks, but high valuation and short interest suggest caution amid potential takeover speculation.
Summary - MGY plans to invest $125 million in drilling and completion for Q4 2024, targeting a production output of 93 Mboe/d.
Why It Matters - MGY's $125 million investment and projected 93 Mboe/d production signal growth potential, impacting revenue forecasts and overall stock performance.
Summary - Magnolia Oil & Gas Corporation (NYSE:MGY) will hold its Q3 2024 earnings conference call on October 31, 2024, at 11:00 AM ET, featuring key executives and analysts from various firms.
Why It Matters - Magnolia Oil & Gas's Q3 earnings call signals key financial insights and performance metrics, which can influence stock valuation and investor sentiment.
Summary - Magnolia Oil & Gas Corporation has announced its third quarter 2024 financial results, providing insights into its performance for investors.
Why It Matters - Magnolia Oil & Gas's Q3 2024 results provide insights into its financial performance and operational efficiency, impacting stock valuation and investment decisions in the energy sector.