Magnolia Oil & Gas Corporation (MGY)
NYSE: MGY · IEX Real-Time Price · USD
25.45
-0.01 (-0.04%)
Jul 2, 2024, 4:00 PM EDT - Market closed
Magnolia Oil & Gas Stock Forecast
Stock Price Forecast
The 9 analysts with 12-month price forecasts for Magnolia Oil & Gas stock have an average target of 27.67, with a low estimate of 21 and a high estimate of 35. The average target predicts an increase of 8.72% from the current stock price of 25.45.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for MGY stock from 11 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 2 | 2 | 2 | 2 |
| Buy | 1 | 1 | 1 | 1 | 1 | 2 |
| Hold | 2 | 2 | 3 | 6 | 6 | 6 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 7 | 7 | 7 | 10 | 10 | 11 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Capital One | Capital One | Buy Initiates $28 | Buy | Initiates | $28 | +10.02% | Jun 11, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $33 → $35 | Strong Buy | Maintains | $33 → $35 | +37.52% | May 31, 2024 |
| Mizuho | Mizuho | Hold Maintains $26 → $28 | Hold | Maintains | $26 → $28 | +10.02% | May 13, 2024 |
| Benchmark | Benchmark | Hold Reiterates n/a | Hold | Reiterates | n/a | n/a | Apr 23, 2024 |
| Susquehanna | Susquehanna | Buy Maintains $28 → $31 | Buy | Maintains | $28 → $31 | +21.81% | Apr 22, 2024 |
Financial Forecast
Revenue This Year
1.38B
from 1.23B
Increased by 12.31%
Revenue Next Year
1.46B
from 1.38B
Increased by 5.59%
EPS This Year
2.22
from 2.04
Increased by 8.62%
EPS Next Year
2.43
from 2.22
Increased by 9.77%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.5B | 1.7B | 1.7B |
| Avg | 1.4B | 1.5B | 1.5B |
| Low | 1.3B | 1.2B | 1.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 23.6% | 22.5% | 18.6% |
| Avg | 12.3% | 5.6% | 2.1% |
| Low | 2.9% | -12.6% | -18.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.60 | 3.19 | 3.25 | 2.84 | 3.12 |
| Avg | 2.22 | 2.43 | 2.58 | 2.73 | 3.00 |
| Low | 1.75 | 1.57 | 1.47 | 2.65 | 2.91 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 27.3% | 43.9% | 33.6% | 9.7% | 14.4% |
| Avg | 8.6% | 9.8% | 6.2% | 5.5% | 10.0% |
| Low | -14.3% | -29.2% | -39.7% | 2.4% | 6.7% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.