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

OverviewForecast
EarningsDividendOwnership

Analyst price target for MGY

Based on 6 analysts offering 12 month price targets for Magnolia Oil & Gas Corp.
Min Forecast
$16.00-18.28%
Avg Forecast
$19.67+0.44%
Max Forecast
$22.00+12.36%

Should I buy or sell MGY stock?

Based on 7 analysts offering ratings for Magnolia Oil & Gas Corp.
Strong Buy
Strong Buy
4 analysts 57.14%
Buy
1 analysts 14.29%
Hold
2 analysts 28.57%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

MGY stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Credit Suisse
Top 3%
98
HoldMaintains$21.00+7.25%2021-11-02
Anonymous
KeyBanc
Strong BuyMaintains$23.00+17.47%2021-10-28
Benchmark
Top 8%
93
HoldInitiates Coverage OnN/AN/A2021-10-26
Wells Fargo
Top 7%
94
Strong BuyMaintains$22.00+12.36%2021-10-07
KeyBanc
Top 1%
100
Strong BuyMaintains$20.00+2.15%2021-10-07
Truist Securities
Top 5%
96
Strong BuyUpgrades$21.00+7.25%2021-08-30
Evercore ISI Group
Top 23%
78
BuyInitiates Coverage On$18.00-8.07%2021-08-02
Piper Sandler
Top 12%
89
Strong BuyUpgrades$16.00-18.28%2021-05-27

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Forecast return on equity

Is MGY forecast to generate an efficient return?
Company
63.21%
Industry
5.49%
Market
46.47%
MGY's Return on Equity is forecast to be high in 3 years (63.21%); analysts are confident in the firm's ability to efficiently generate return on equity
Forecast

Forecast return on assets

Is MGY forecast to generate an efficient return on assets?
Company
27.69%
Industry
8.49%
MGY is forecast to generate higher Return on Assets (27.69%) than the US Oil & Gas E&P industry average (8.49%)
Forecast

MGY earnings per share forecast

What is MGY's earnings per share in the next 3 years based on estimates from 2 analysts?
Avg 1 year Forecast
$1.99+18.45%
Avg 2 year Forecast
$1.98+17.86%
Avg 3 year Forecast
$1.90+13.1%
MGY's earnings are forecast to grow at a rate of 8.56% per year, which is not exceptional
Forecast

MGY revenue forecast

What is MGY's revenue in the next 3 years based on estimates from 6 analysts?
Avg 1 year Forecast
$1.1B+19.7%
Avg 2 year Forecast
$1.2B+35.91%
Avg 3 year Forecast
$1.2B+32.52%
MGY's revenue is forecast to grow at a rate of 15.04% per year, which is not exceptional
Forecast

MGY earnings growth forecast

How is MGY forecast to perform vs Oil & Gas E&P companies and vs the US market?
Company
8.56%
Industry
207.91%
Market
17.69%
MGY's earnings are forecast to grow slower (8.56% per year) than the US Oil & Gas E&P industry average (207.91%)
Forecast
MGY's earnings are forecast to grow slower (8.56% per year) than the US market average (17.69%)
Forecast
MGY's earnings are forecast to grow faster (8.56% per year) than the risk-free savings rate (1.4%)
Forecast

MGY revenue growth forecast

How is MGY forecast to perform vs Oil & Gas E&P companies and vs the US market?
Company
15.04%
Industry
25.05%
Market
10.71%
MGY's revenues are forecast to grow slower (15.04% per year) than the US Oil & Gas E&P industry average (25.05%)
Forecast
MGY's revenues are forecast to grow faster (15.04% per year) than the US market average (10.71%)
Forecast

Magnolia Oil & Gas Corp Stock Forecast FAQ

Is Magnolia Oil & Gas Corp Stock a good buy in 2021, according to Wall Street analysts?

The consensus among 7 Wall Street analysts covering (NYSE: MGY) stock is to Strong Buy MGY stock.

Out of 7 analysts, 4 (57.14%) are recommending MGY as a Strong Buy, 1 (14.29%) are recommending MGY as a Buy, 2 (28.57%) are recommending MGY as a Hold, 0 (0%) are recommending MGY as a Sell, and 0 (0%) are recommending MGY as a Strong Sell.

What is MGY's earnings growth forecast for 2021-2023?

(NYSE: MGY) Magnolia Oil & Gas Corp's forecast annual earnings growth rate of 8.56% is not forecast to beat the US Oil & Gas E&P industry's average forecast earnings growth rate of 207.91%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 17.69%.

Magnolia Oil & Gas Corp's earnings in 2021 is $294,798,000.On average, 2 Wall Street analysts forecast MGY's earnings for 2021 to be $459,877,211, with the lowest MGY earnings forecast at $418,280,278, and the highest MGY earnings forecast at $499,163,204. On average, 6 Wall Street analysts forecast MGY's earnings for 2022 to be $457,566,270, with the lowest MGY earnings forecast at $353,573,936, and the highest MGY earnings forecast at $554,625,782.

In 2023, MGY is forecast to generate $439,078,744 in earnings, with the lowest earnings forecast at $439,078,744 and the highest earnings forecast at $439,078,744.

What is MGY's revenue growth forecast for 2021-2023?

(NYSE: MGY) Magnolia Oil & Gas Corp's forecast annual revenue growth rate of 15.04% is not forecast to beat the US Oil & Gas E&P industry's average forecast revenue growth rate of 25.05%, and while it is forecast to beat the US market's average forecast revenue growth rate of 10.71%.

Magnolia Oil & Gas Corp's revenue in 2021 is $891,203,000.On average, 6 Wall Street analysts forecast MGY's revenue for 2021 to be $246,517,987,914, with the lowest MGY revenue forecast at $230,035,896,226, and the highest MGY revenue forecast at $253,487,091,964. On average, 6 Wall Street analysts forecast MGY's revenue for 2022 to be $279,906,460,015, with the lowest MGY revenue forecast at $212,629,659,328, and the highest MGY revenue forecast at $320,481,264,597.

In 2023, MGY is forecast to generate $272,922,103,756 in revenue, with the lowest revenue forecast at $272,922,103,756 and the highest revenue forecast at $272,922,103,756.

What is MGY's forecast return on assets (ROA) for 2021-2023?

(NYSE: MGY) forecast ROA is 27.69%, which is higher than the forecast US Oil & Gas E&P industry average of 8.49%.

What is MGY's Price Target?

According to 6 Wall Street analysts that have issued a 1 year MGY price target, the average MGY price target is $19.67, with the highest MGY stock price forecast at $22.00 and the lowest MGY stock price forecast at $16.00.

On average, Wall Street analysts predict that Magnolia Oil & Gas Corp's share price could stay at $19.67 by Nov 2, 2022. The average Magnolia Oil & Gas Corp stock price prediction forecasts a potential downside of N/A from the current MGY share price of $19.58.

What is MGY's Earnings Per Share (EPS) forecast for 2021-2023?

(NYSE: MGY) Magnolia Oil & Gas Corp's current Earnings Per Share (EPS) is $1.68. On average, analysts forecast that MGY's EPS will be $1.99 for 2021, with the lowest EPS forecast at $1.81, and the highest EPS forecast at $2.16. On average, analysts forecast that MGY's EPS will be $1.98 for 2022, with the lowest EPS forecast at $1.53, and the highest EPS forecast at $2.40. In 2023, MGY's EPS is forecast to hit $1.90 (min: $1.90, max: $1.90).

What is MGY's forecast return on equity (ROE) for 2021-2023?

(NYSE: MGY) forecast ROE is 63.21%, which is considered strong.
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