Magnolia Oil & Gas Corporation (MGY)

Magnolia Oil & Gas Stock Forecast

Stock Price Forecast

The 14 analysts that cover Magnolia Oil & Gas stock have a consensus rating of "Buy" and an average price target of $30.29, which forecasts a 2.47% increase in the stock price over the next year. The lowest target is $25 and the highest is $38.

Price Target: $30.29 (+2.47%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$25	$30.29	$31	$38
Change	-15.43%	+2.47%	+4.87%	+28.55%

Analyst Ratings

The average analyst rating for Magnolia Oil & Gas stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26	May '26
Strong Buy	1	3	3	3	3	3
Buy	3	4	4	4	4	4
Hold	5	6	7	7	8	8
Sell	1	0	0	0	0	0
Strong Sell	1	1	0	0	0	0
Total	11	14	14	14	15	15

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Hanwen Chang Wells Fargo	Wells Fargo	Hold Maintains $32 → $31	Hold	Maintains	$32 → $31	+4.87%	May 13, 2026
Gabe Daoud Truist Securities	Truist Securities	Hold Maintains $33 → $34	Hold	Maintains	$33 → $34	+15.02%	Apr 27, 2026
Paul Diamond Citigroup	Citigroup	Hold Maintains $35 → $32	Hold	Maintains	$35 → $32	+8.25%	Apr 13, 2026
Hanwen Chang Wells Fargo	Wells Fargo	Hold Maintains $25 → $32	Hold	Maintains	$25 → $32	+8.25%	Apr 10, 2026
Leo Mariani Roth Capital	Roth Capital	Strong Buy → Hold Downgrades $29 → $32	Strong Buy → Hold	Downgrades	$29 → $32	+8.25%	Apr 8, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

1.56B

Increased by 18.92%

from 1.31B

Revenue Next Year

1.56B

Increased by 0.13%

from 1.56B

EPS This Year

2.75

Increased by 59.29%

from 1.73

EPS Next Year

2.58

Decreased by -6.18%

from 2.75

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	1.08B	1.69B	1.23B	1.32B	1.31B	1.56B	1.56B
Revenue Growth	99.21%	57.14%	-27.59%	7.25%	-0.31%	18.92%	0.13%
EPS	2.36	4.71	2.04	1.94	1.73	2.75	2.58
EPS Growth	-	99.40%	-56.75%	-4.89%	-10.85%	59.29%	-6.18%
Forward PE	-	-	-	-	-	10.74	11.44
No. Analysts	-	-	-	-	-	21	19

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027	2028	2029	2030
High	2.0B	1.8B
Avg	1.6B	1.6B
Low	1.2B	1.4B

Revenue Growth

Revenue Growth	2026	2027	2028	2029	2030
High	49.3%	17.6%
Avg	18.9%	0.1%
Low	-8.3%	-12.7%

EPS Forecast

EPS	2026	2027	2028	2029	2030
High	4.07	3.57
Avg	2.75	2.58
Low	1.16	1.85

EPS Growth

EPS Growth	2026	2027	2028	2029	2030
High	135.7%	29.7%
Avg	59.3%	-6.2%
Low	-33.1%	-32.7%

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 sources.