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NYSE: MGY
Magnolia Oil & Gas Corp Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsDividendOwnership

Analyst price target for MGY

Based on 10 analysts offering 12 month price targets for Magnolia Oil & Gas Corp.
Min Forecast
$22.00-7.72%
Avg Forecast
$27.70+16.19%
Max Forecast
$35.00+46.81%

Should I buy or sell MGY stock?

Based on 10 analysts offering ratings for Magnolia Oil & Gas Corp.
Buy
Strong Buy
4 analysts 40%
Buy
1 analysts 10%
Hold
4 analysts 40%
Sell
0 analysts 0%
Strong Sell
1 analysts 10%

Be the first to know when Wall Street analysts revise their MGY stock forecasts and price targets.

MGY stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-09-12
lockedlocked$00.00+00.00%2024-09-04
lockedlocked$00.00+00.00%2024-08-15
lockedlocked$00.00+00.00%2024-08-05
lockedlocked$00.00+00.00%2024-08-02
Bank of America
Bottom 20%
20
Strong BuyMaintains$29.00+21.64%2024-07-23
Capital One Financial
Top 42%
59
BuyInitiates Coverage On$28.00+17.45%2024-06-11
Mizuho
Top 7%
94
HoldMaintains$28.00+17.45%2024-05-13
Citigroup
Bottom 10%
10
Strong SellMaintains$22.00-7.72%2024-04-15
Goldman Sachs
Top 26%
75
Strong BuyMaintains$28.00+17.45%2024-03-26

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Forecast return on equity

Is MGY forecast to generate an efficient return?
Company
29.57%
Industry
11.01%
Market
49.68%
MGY's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is MGY forecast to generate an efficient return on assets?
Company
18.91%
Industry
5.9%
MGY is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

MGY earnings per share forecast

What is MGY's earnings per share in the next 3 years based on estimates from 7 analysts?
Avg 1 year Forecast
$2.13+4.48%
Avg 2 year Forecast
$2.31+13.42%
Avg 3 year Forecast
$2.68+31.5%
MGY's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

MGY revenue forecast

What is MGY's revenue in the next 3 years based on estimates from 6 analysts?
Avg 1 year Forecast
$1.4B+5.3%
Avg 2 year Forecast
$1.4B+11.23%
Avg 3 year Forecast
$1.5B+18.39%
MGY's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

MGY earnings growth forecast

How is MGY forecast to perform vs Oil & Gas E&P companies and vs the US market?
Company
8.84%
Industry
16.96%
Market
17.66%
MGY's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
MGY's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
MGY's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

MGY revenue growth forecast

How is MGY forecast to perform vs Oil & Gas E&P companies and vs the US market?
Company
5.69%
Industry
5.48%
Market
9.37%
MGY's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
MGY's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

MGY vs Oil and Gas Stocks

TickerPricePrice TargetUp/downsideConsensus
MGY$23.84$27.70+16.19%Buy
VIST$47.38$57.00+20.30%Strong Buy
SM$39.16$54.88+40.13%Buy
MUR$34.17$47.78+39.82%Buy
CIVI$52.95$92.83+75.32%Strong Buy
View Top Oil and Gas Stocks

Magnolia Oil & Gas Stock Forecast FAQ

Is Magnolia Oil & Gas Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 10 Wall Street analysts covering (NYSE: MGY) stock is to Buy MGY stock.

Out of 10 analysts, 4 (40%) are recommending MGY as a Strong Buy, 1 (10%) are recommending MGY as a Buy, 4 (40%) are recommending MGY as a Hold, 0 (0%) are recommending MGY as a Sell, and 1 (10%) are recommending MGY as a Strong Sell.

If you're new to stock investing, here's how to buy Magnolia Oil & Gas stock.

What is MGY's earnings growth forecast for 2024-2026?

(NYSE: MGY) Magnolia Oil & Gas's forecast annual earnings growth rate of 8.84% is not forecast to beat the US Oil & Gas E&P industry's average forecast earnings growth rate of 16.96%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 17.66%.

Magnolia Oil & Gas's earnings in 2024 is $381,120,000.On average, 7 Wall Street analysts forecast MGY's earnings for 2024 to be $424,403,631, with the lowest MGY earnings forecast at $398,239,308, and the highest MGY earnings forecast at $455,984,008. On average, 8 Wall Street analysts forecast MGY's earnings for 2025 to be $460,723,055, with the lowest MGY earnings forecast at $380,318,539, and the highest MGY earnings forecast at $559,526,228.

In 2026, MGY is forecast to generate $534,138,472 in earnings, with the lowest earnings forecast at $446,028,025 and the highest earnings forecast at $649,130,072.

What is MGY's revenue growth forecast for 2024-2026?

(NYSE: MGY) Magnolia Oil & Gas's forecast annual revenue growth rate of 5.69% is forecast to beat the US Oil & Gas E&P industry's average forecast revenue growth rate of 5.48%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 9.37%.

Magnolia Oil & Gas's revenue in 2024 is $1,294,448,000.On average, 6 Wall Street analysts forecast MGY's revenue for 2024 to be $271,404,070,795, with the lowest MGY revenue forecast at $268,413,293,592, and the highest MGY revenue forecast at $278,568,395,946. On average, 6 Wall Street analysts forecast MGY's revenue for 2025 to be $286,702,433,812, with the lowest MGY revenue forecast at $269,130,124,346, and the highest MGY revenue forecast at $311,821,378,164.

In 2026, MGY is forecast to generate $305,162,020,456 in revenue, with the lowest revenue forecast at $279,946,303,952 and the highest revenue forecast at $339,897,249,378.

What is MGY's forecast return on assets (ROA) for 2024-2027?

(NYSE: MGY) forecast ROA is 18.91%, which is higher than the forecast US Oil & Gas E&P industry average of 5.9%.

What is MGY's Price Target?

According to 10 Wall Street analysts that have issued a 1 year MGY price target, the average MGY price target is $27.70, with the highest MGY stock price forecast at $35.00 and the lowest MGY stock price forecast at $22.00.

On average, Wall Street analysts predict that Magnolia Oil & Gas's share price could reach $27.70 by Sep 12, 2025. The average Magnolia Oil & Gas stock price prediction forecasts a potential upside of 16.19% from the current MGY share price of $23.84.

What is MGY's Earnings Per Share (EPS) forecast for 2024-2026?

(NYSE: MGY) Magnolia Oil & Gas's current Earnings Per Share (EPS) is $2.04. On average, analysts forecast that MGY's EPS will be $2.13 for 2024, with the lowest EPS forecast at $2.00, and the highest EPS forecast at $2.29. On average, analysts forecast that MGY's EPS will be $2.31 for 2025, with the lowest EPS forecast at $1.91, and the highest EPS forecast at $2.81. In 2026, MGY's EPS is forecast to hit $2.68 (min: $2.24, max: $3.26).

What is MGY's forecast return on equity (ROE) for 2024-2027?

(NYSE: MGY) forecast ROE is 29.57%, which is considered strong.
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