Magnolia Oil & Gas Corp

Magnolia Oil & Gas Corp Stock Forecast & Price Prediction

Live Magnolia Oil & Gas Corp Stock (MGY) Price
$27.08

3

Ratings

  • Buy 3
  • Hold 0
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$27.08

P/E Ratio

13.37

Volume Traded Today

$1.4M

Dividend

$0.13

52 Week High/low

27.96/19.16

Magnolia Oil & Gas Corp Market Cap

$5.34B

๐Ÿ›‘ Alert: These ten stocks could have higher potential than $MGY ๐Ÿ›‘

Before you buy MGY you'll want to see this list of ten stocks that have huge potential. Want to see if MGY made the cut? Enter your email below

MGY Summary

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.

MGY Analyst Ratings

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.

MGY stock forecast by analyst

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

MGY Company Information

What They Do: Independent oil and natural gas company.

Business Model: The company acquires, develops, explores, and produces oil and natural gas reserves, primarily in South Texas. It generates revenue through the sale of oil, natural gas, and natural gas liquids from its properties in the Eagle Ford Shale and Austin Chalk formations.

Other Information: Incorporated in 2017, Magnolia Oil & Gas Corporation is headquartered in Houston, Texas. Its strategic focus on specific regions allows it to optimize production and leverage favorable market conditions.
MGY
Magnolia Oil & Gas Corp (MGY)

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

Magnolia Oil & Gas Corp (MGY) Financial Data

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

$541.3M

Revenue From 2021

$1.08B

99.21 %
From Previous Year

Revenue From 2022

$1.69B

57.14 %
From Previous Year

Revenue From 2023

$1.23B

-27.59 %
From Previous Year
  • Revenue TTM $1.31B
  • Operating Margin TTM 38.7%
  • Gross profit TTM $702.4M
  • Return on assets TTM 12.0%
  • Return on equity TTM 22.2%
  • Profit Margin 28.9%
  • Book Value Per Share 9.97%
  • Market capitalisation $5.34B
  • Revenue for 2021 $1.08B
  • Revenue for 2022 $1.69B
  • Revenue for 2023 $1.23B
  • EPS this year (TTM) $2.03

Magnolia Oil & Gas Corp (MGY) Latest News

News Image

Tue, 12 Nov 2024

Sentiment - NEUTRAL

Source - Business Wire

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.

News Image

Tue, 12 Nov 2024

Sentiment - NEUTRAL

Source - Business Wire

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.

News Image

Sat, 09 Nov 2024

Sentiment - NEUTRAL

Source - Seeking Alpha

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.

News Image

Tue, 05 Nov 2024

Sentiment - NEUTRAL

Source - Zacks Investment Research

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.

News Image

Thu, 31 Oct 2024

Sentiment - NEUTRAL

Source - Seeking Alpha

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.

News Image

Wed, 30 Oct 2024

Sentiment - NEUTRAL

Source - Business Wire

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.

...

MGY Frequently asked questions

The highest forecasted price for MGY is $33 from Neal Dingmann at Truist Securities.

The lowest forecasted price for MGY is $22 from Nitin Kumar from Wells Fargo

The MGY analyst ratings consensus are 3 buy ratings, 0 hold ratings, and 0 sell ratings.