Magnolia Oil & Gas Corporation (MGY)
NYSE: MGY · IEX Real-Time Price · USD
26.34
+0.06 (0.23%)
Apr 26, 2024, 4:00 PM EDT - Market closed
Magnolia Oil & Gas Stock Forecast
Stock Price Forecast
The 8 analysts with 12-month price forecasts for Magnolia Oil & Gas stock have an average target of 27.13, with a low estimate of 21 and a high estimate of 33. The average target predicts an increase of 3.00% from the current stock price of 26.34.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for MGY stock from 10 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 2 | 2 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 3 | 2 | 2 | 2 | 3 | 6 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 1 | 1 | 1 | 1 | 1 |
| Total | 7 | 7 | 7 | 7 | 7 | 10 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| 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 | +17.69% | Apr 22, 2024 |
| Piper Sandler | Piper Sandler | Buy → Hold Downgrades $29 | Buy → Hold | Downgrades | $29 | +10.10% | Apr 19, 2024 |
| Wells Fargo | Wells Fargo | Hold Maintains $23 → $27 | Hold | Maintains | $23 → $27 | +2.51% | Apr 18, 2024 |
| Citigroup | Citigroup | Strong Sell Maintains $18 → $22 | Strong Sell | Maintains | $18 → $22 | -16.48% | Apr 15, 2024 |
Financial Forecast
Revenue This Year
1.32B
from 1.23B
Increased by 7.50%
Revenue Next Year
1.40B
from 1.32B
Increased by 6.44%
EPS This Year
2.12
from 2.04
Increased by 4.14%
EPS Next Year
2.36
from 2.12
Increased by 11.04%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.5B | 1.6B | 1.7B |
| Avg | 1.3B | 1.4B | 1.5B |
| Low | 1.2B | 1.2B | 1.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 19.9% | 23.5% | 22.5% |
| Avg | 7.5% | 6.4% | 5.8% |
| Low | -2.8% | -9.5% | -15.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.61 | 3.01 | 3.37 |
| Avg | 2.12 | 2.36 | 2.53 |
| Low | 1.58 | 1.50 | 1.42 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 28.2% | 41.9% | 42.9% |
| Avg | 4.1% | 11.0% | 7.1% |
| Low | -22.6% | -29.2% | -39.6% |
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.