Magnolia Oil & Gas Corporation (MGY)
NYSE: MGY · Real-Time Price · USD
28.13
+0.42 (1.52%)
Nov 21, 2024, 12:14 PM EST - Market open
Magnolia Oil & Gas Stock Forecast
Stock Price Forecast
The 11 analysts with 12-month price forecasts for Magnolia Oil & Gas stock have an average target of 26.45, with a low estimate of 21 and a high estimate of 33. The average target predicts a decrease of -5.97% from the current stock price of 28.13.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for MGY stock from 13 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 3 | 3 | 3 | 3 | 3 |
| Buy | 2 | 3 | 3 | 3 | 3 | 3 |
| Hold | 6 | 6 | 5 | 6 | 5 | 5 |
| Sell | 0 | 0 | 0 | 0 | 1 | 1 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 11 | 13 | 12 | 13 | 13 | 13 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Truist Securities | Truist Securities | Strong Buy Maintains $31 → $33 | Strong Buy | Maintains | $31 → $33 | +17.31% | Nov 1, 2024 |
| Benchmark | Benchmark | Hold Reiterates n/a | Hold | Reiterates | n/a | n/a | Oct 15, 2024 |
| Wells Fargo | Wells Fargo | Hold → Sell Downgrades $26 → $22 | Hold → Sell | Downgrades | $26 → $22 | -21.79% | Oct 1, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $35 → $31 | Strong Buy | Maintains | $35 → $31 | +10.20% | Sep 30, 2024 |
| Mizuho | Mizuho | Hold Maintains $28 → $27 | Hold | Maintains | $28 → $27 | -4.02% | Sep 16, 2024 |
Financial Forecast
Revenue This Year
1.33B
from 1.23B
Increased by 8.48%
Revenue Next Year
1.34B
from 1.33B
Increased by 0.53%
EPS This Year
1.99
from 2.04
Decreased by -2.44%
EPS Next Year
1.97
from 1.99
Decreased by -1.12%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.4B | 1.5B | 1.7B |
| Avg | 1.3B | 1.3B | 1.4B |
| Low | 1.3B | 1.1B | 1.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 16.0% | 14.5% | 27.1% |
| Avg | 8.5% | 0.5% | 6.2% |
| Low | 3.5% | -17.7% | -12.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.14 | 2.47 | 3.04 | ||
| Avg | 1.99 | 1.97 | 2.18 | ||
| Low | 1.86 | 1.15 | 1.37 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 5.1% | 24.1% | 54.4% | ||
| Avg | -2.4% | -1.1% | 11.0% | ||
| Low | -8.9% | -42.1% | -30.3% |
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.