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

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Analyst price target for MGY

Based on 8 analysts offering 12 month price targets for Magnolia Oil & Gas Corp.
Min Forecast
$21.00-7.98%
Avg Forecast
$28.50+24.89%
Max Forecast
$39.00+70.9%

Should I buy or sell MGY stock?

Based on 9 analysts offering ratings for Magnolia Oil & Gas Corp.
Buy
Strong Buy
5 analysts 55.56%
Buy
0 analysts 0%
Hold
4 analysts 44.44%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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MGY stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
KeyBanc
Top 22%
79
Strong BuyInitiates Coverage On$28.00+22.70%2022-09-20
MKM Partners
Top 1%
100
Strong BuyAssumes$26.00+13.94%2022-07-20
Truist Securities
Top 1%
100
Strong BuyMaintains$39.00+70.90%2022-07-19
Wells Fargo
Top 1%
100
HoldMaintains$30.00+31.46%2022-07-11
Susquehanna
Bottom 15%
15
Strong BuyMaintains$29.00+27.08%2022-04-25
Anonymous
KeyBanc
Strong BuyMaintains$28.00+22.70%2022-04-14
Piper Sandler
Top 2%
99
Strong BuyMaintains$31.00+35.85%2022-04-07
JP Morgan
Bottom 11%
11
HoldDowngrades$24.00+5.17%2021-12-07
Credit Suisse
Top 1%
100
HoldMaintains$21.00-7.98%2021-11-02
Benchmark
Top 4%
97
HoldInitiates Coverage OnN/AN/A2021-10-26

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Forecast return on equity

Is MGY forecast to generate an efficient return?
Company
88.15%
Industry
299.74%
Market
110.54%
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
46.39%
Industry
37.15%
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 4 analysts?
Avg 1 year Forecast
$4.84+29.41%
Avg 2 year Forecast
$4.66+24.6%
Avg 3 year Forecast
$4.45+18.98%
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 4 analysts?
Avg 1 year Forecast
$1.8B+22.38%
Avg 2 year Forecast
$1.8B+19.13%
Avg 3 year Forecast
$1.7B+12.68%
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
11.51%
Industry
11.72%
Market
19.09%
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
8.68%
Industry
4.57%
Market
8.49%
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$22.82$28.50+24.89%Buy
DEN$90.85$92.11+1.38%Strong Buy
CRK$19.18$19.88+3.62%Buy
SM$44.57$51.63+15.83%Buy
CIVI$64.31$80.75+25.56%Strong Buy

Magnolia Oil & Gas Stock Forecast FAQ

Is Magnolia Oil & Gas Stock a good buy in 2022, according to Wall Street analysts?

The consensus among 9 Wall Street analysts covering (NYSE: MGY) stock is to Buy MGY stock.

Out of 9 analysts, 5 (55.56%) are recommending MGY as a Strong Buy, 0 (0%) are recommending MGY as a Buy, 4 (44.44%) 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 earnings growth forecast for 2022-2024?

(NYSE: MGY) Magnolia Oil & Gas's forecast annual earnings growth rate of 11.51% is not forecast to beat the US Oil & Gas E&P industry's average forecast earnings growth rate of 11.72%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 19.09%.

Magnolia Oil & Gas's earnings in 2022 is $686,215,000.On average, 4 Wall Street analysts forecast MGY's earnings for 2022 to be $1,053,010,791, with the lowest MGY earnings forecast at $1,000,795,380, and the highest MGY earnings forecast at $1,187,900,603. On average, 3 Wall Street analysts forecast MGY's earnings for 2023 to be $1,013,849,233, with the lowest MGY earnings forecast at $811,514,514, and the highest MGY earnings forecast at $1,296,682,709.

In 2024, MGY is forecast to generate $968,160,748 in earnings, with the lowest earnings forecast at $733,191,398 and the highest earnings forecast at $1,200,954,456.

What is MGY's revenue growth forecast for 2022-2024?

(NYSE: MGY) Magnolia Oil & Gas's forecast annual revenue growth rate of 8.68% is forecast to beat the US Oil & Gas E&P industry's average forecast revenue growth rate of 4.57%, and and it is also forecast to beat the US market's average forecast revenue growth rate of 8.49%.

Magnolia Oil & Gas's revenue in 2022 is $1,482,450,000.On average, 4 Wall Street analysts forecast MGY's revenue for 2022 to be $394,701,079,069, with the lowest MGY revenue forecast at $380,737,372,750, and the highest MGY revenue forecast at $426,425,857,480. On average, 3 Wall Street analysts forecast MGY's revenue for 2023 to be $384,235,805,295, with the lowest MGY revenue forecast at $350,548,162,554, and the highest MGY revenue forecast at $438,827,017,621.

In 2024, MGY is forecast to generate $363,410,558,827 in revenue, with the lowest revenue forecast at $327,373,222,585 and the highest revenue forecast at $399,447,895,068.

What is MGY's forecast return on assets (ROA) for 2022-2024?

(NYSE: MGY) forecast ROA is 46.39%, which is higher than the forecast US Oil & Gas E&P industry average of 37.15%.

What is MGY's Price Target?

According to 8 Wall Street analysts that have issued a 1 year MGY price target, the average MGY price target is $28.50, with the highest MGY stock price forecast at $39.00 and the lowest MGY stock price forecast at $21.00.

On average, Wall Street analysts predict that Magnolia Oil & Gas's share price could reach $28.50 by Sep 20, 2023. The average Magnolia Oil & Gas stock price prediction forecasts a potential upside of 24.89% from the current MGY share price of $22.82.

What is MGY's Earnings Per Share (EPS) forecast for 2022-2024?

(NYSE: MGY) Magnolia Oil & Gas's current Earnings Per Share (EPS) is $3.74. On average, analysts forecast that MGY's EPS will be $4.84 for 2022, with the lowest EPS forecast at $4.60, and the highest EPS forecast at $5.46. On average, analysts forecast that MGY's EPS will be $4.66 for 2023, with the lowest EPS forecast at $3.73, and the highest EPS forecast at $5.96. In 2024, MGY's EPS is forecast to hit $4.45 (min: $3.37, max: $5.52).

What is MGY's forecast return on equity (ROE) for 2022-2024?

(NYSE: MGY) forecast ROE is 88.15%, which is considered strong.
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