Magnolia Oil & Gas Corp
NYSE:MGY

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Magnolia Oil & Gas Corp
NYSE:MGY
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Price: 28.23 USD 1.88% Market Closed
Market Cap: 5.5B USD
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Wall Street
Price Targets

MGY Price Targets Summary
Magnolia Oil & Gas Corp

Wall Street analysts forecast MGY stock price to drop over the next 12 months.

According to Wall Street analysts, the average 1-year price target for MGY is 27.95 USD with a low forecast of 22.22 USD and a high forecast of 34.65 USD.

Lowest
Price Target
22.22 USD
21% Downside
Average
Price Target
27.95 USD
1% Downside
Highest
Price Target
34.65 USD
23% Upside

MGY Last Price Targets
Magnolia Oil & Gas Corp

The latest public price target was made on Oct 28, 2024 by Neal Dingmann from Truist Financial , who expects MGY stock to rise by 10% over the next 12 months. You can read more about this price target by viewing the article on StreetInsider.

Analyst Price Target Date Article
Neal Dingmann
Truist Financial
31 USD
Upside 10%
3 weeks ago
Oct 28, 2024
Truist Securities Reiterates Buy Rating on Magnolia Oil & Gas Corp. (MGY)
StreetInsider
William Janela
Mizuho Securities
27 USD
Downside 4%
2 months ago
Sep 16, 2024
Magnolia Oil & Gas price target lowered to $27 from $28 at Mizuho
TheFly
Phillips Johnston
Capital One Financial
28 USD
Downside 1%
5 months ago
Jun 11, 2024
Magnolia Oil & Gas initiated with an Overweight at Capital One
TheFly
Neal Dingmann
Truist Financial
35 USD
Upside 24%
5 months ago
May 31, 2024
Magnolia Oil & Gas Corp. (MGY) PT Raised to $35 at Truist Securities
StreetInsider
Mark Lear
Piper Sandler
29 USD
Upside 3%
7 months ago
Apr 19, 2024
Magnolia Oil downgraded to Neutral on valuation at Piper Sandler
TheFly
Hanwen Chang
Wells Fargo
27 USD
Downside 4%
7 months ago
Apr 18, 2024
Magnolia Oil & Gas price target raised to $27 from $23 at Wells Fargo
TheFly
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Neal Dingmann
Truist Financial
Price Target 31 USD
Upside/Downside 10%
View Source
William Janela
Mizuho Securities
Price Target 27 USD
Upside/Downside 4%
View Source
Phillips Johnston
Capital One Financial
Price Target 28 USD
Upside/Downside 1%
View Source
Neal Dingmann
Truist Financial
Price Target 35 USD
Upside/Downside 24%
View Source
Mark Lear
Piper Sandler
Price Target 29 USD
Upside/Downside 3%
View Source
Hanwen Chang
Wells Fargo
Price Target 27 USD
Upside/Downside 4%
View Source
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Magnolia Oil & Gas Corp Competitors:
Price Targets
CVN
Carnarvon Energy Ltd
45% Upside
MRO
Marathon Oil Corp
11% Upside
PSK
Prairiesky Royalty Ltd
4% Upside
CHK
Chesapeake Energy Corp
19% Upside
COP
Conocophillips
21% Upside
OIL
Oil India Ltd
22% Upside
PXT
Parex Resources Inc
27% Upside
TBN
Tamboran Resources Ltd
144% Upside

Revenue
Forecast

Revenue Estimate
Magnolia Oil & Gas Corp

For the last 5 years the compound annual growth rate for Magnolia Oil & Gas Corp's revenue is 7%. The projected CAGR for the next 3 years is 5%.

7%
Past Growth
5%
Estimated Growth
Estimates Accuracy
-1%
Average Miss

Operating Income
Forecast

Operating Income Estimate
Magnolia Oil & Gas Corp

For the last 5 years the compound annual growth rate for Magnolia Oil & Gas Corp's operating income is 8%. The projected CAGR for the next 3 years is 1%.

8%
Past Growth
1%
Estimated Growth
Estimates Accuracy
-2%
Average Miss

Net Income
Forecast

Net Income Estimate
Magnolia Oil & Gas Corp

For the last 5 years the compound annual growth rate for Magnolia Oil & Gas Corp's net income is 9%. The projected CAGR for the next 3 years is 3%.

9%
Past Growth
3%
Estimated Growth
Estimates Accuracy
-10%
Average Miss

See Also

Discover More
Why do you have more estimates than other sites?

Our estimates are sourced from the pool of sell-side and buy-side analysts that we have access to. What is available on other sites you are seeing are mostly from the sell-side analysts.

What is MGY's stock price target?
Price Target
27.95 USD

According to Wall Street analysts, the average 1-year price target for MGY is 27.95 USD with a low forecast of 22.22 USD and a high forecast of 34.65 USD.

What is Magnolia Oil & Gas Corp's Revenue forecast?
Projected CAGR
5%

For the last 5 years the compound annual growth rate for Magnolia Oil & Gas Corp's revenue is 7%. The projected CAGR for the next 3 years is 5%.

What is Magnolia Oil & Gas Corp's Operating Income forecast?
Projected CAGR
1%

For the last 5 years the compound annual growth rate for Magnolia Oil & Gas Corp's operating income is 8%. The projected CAGR for the next 3 years is 1%.

What is Magnolia Oil & Gas Corp's Net Income forecast?
Projected CAGR
3%

For the last 5 years the compound annual growth rate for Magnolia Oil & Gas Corp's net income is 9%. The projected CAGR for the next 3 years is 3%.

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