The latest price target for Magnolia Oil & Gas (NYSE:MGY) was reported by Wells Fargo on October 1, 2024. The analyst firm set a price target for $22.00 expecting MGY to fall to within 12 months (a possible -18.64% downside). 28 analyst firms have reported ratings in the last year.

The latest analyst rating for Magnolia Oil & Gas (NYSE:MGY) was provided by Wells Fargo, and Magnolia Oil & Gas downgraded their underweight rating.

There is no last upgrade for Magnolia Oil & Gas

The last downgrade for Magnolia Oil & Gas Corp happened on October 1, 2024 when Wells Fargo changed their price target from $26 to $22 for Magnolia Oil & Gas Corp.

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Magnolia Oil & Gas, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Magnolia Oil & Gas was filed on October 1, 2024 so you should expect the next rating to be made available sometime around October 1, 2025.

While ratings are subjective and will change, the latest Magnolia Oil & Gas (MGY) rating was a downgraded with a price target of $26.00 to $22.00. The current price Magnolia Oil & Gas (MGY) is trading at is $27.04, which is out of the analyst’s predicted range.