Magnolia Oil & Gas Corp Stock Forecast, Predictions & Price Target

Analyst price target for MGY

Based on 5 analysts offering 12 month price targets for Magnolia Oil & Gas Corp.
Min Forecast
Avg Forecast
Max Forecast

Should I buy or sell MGY stock?

Based on 5 analysts offering ratings for Magnolia Oil & Gas Corp.
Strong Buy
Strong Buy
5 analysts 100%
0 analysts 0%
0 analysts 0%
0 analysts 0%
Strong Sell
0 analysts 0%

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MGY stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Goldman Sachs
Top 23%
Strong BuyMaintains$25.50+16.54%2023-03-24
Piper Sandler
Top 16%
Strong BuyMaintains$35.00+59.96%2023-03-07
Credit Suisse
Top 3%
Strong BuyMaintains$29.00+32.54%2023-02-16
Top 2%
Strong BuyInitiates Coverage On$32.00+46.25%2023-01-10
Bottom 13%
Strong BuyMaintains$28.00+27.97%2022-12-08

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MGY vs Oil and Gas Stocks

TickerPricePrice TargetUp/downsideConsensus
MGY$21.88$29.90+36.65%Strong Buy
DEN$87.63$108.50+23.82%Strong Buy
CIVI$68.34$77.33+13.16%Strong Buy

Magnolia Oil & Gas Stock Forecast FAQ

Is Magnolia Oil & Gas Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 5 Wall Street analysts covering (NYSE: MGY) stock is to Strong Buy MGY stock.

Out of 5 analysts, 5 (100%) are recommending MGY as a Strong Buy, 0 (0%) are recommending MGY as a Buy, 0 (0%) are recommending MGY as a Hold, 0 (0%) are recommending MGY as a Sell, and 0 (0%) 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 Price Target?

According to 5 Wall Street analysts that have issued a 1 year MGY price target, the average MGY price target is $29.90, with the highest MGY stock price forecast at $35.00 and the lowest MGY stock price forecast at $25.50.

On average, Wall Street analysts predict that Magnolia Oil & Gas's share price could reach $29.90 by Mar 24, 2024. The average Magnolia Oil & Gas stock price prediction forecasts a potential upside of 36.65% from the current MGY share price of $21.88.
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Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.