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Magnolia Oil & Gas
(NYSE:MGY)Magnolia Oil & Gas Stock (NYSE:MGY), Analyst Ratings, Price Targets, Predictions
Magnolia Oil & Gas Corp has a consensus price target of $22.5, established from looking at the 65 latest analyst ratings. The last 3 analyst ratings were released from Benchmark, Susquehanna, and Piper Sandler on April 23, 2024, April 22, 2024, and April 19, 2024. With an average price target of $20 between Benchmark, Susquehanna, and Piper Sandler, there's an implied -23.05% downside for Magnolia Oil & Gas Corp from these 3 analyst ratings.
Analyst Firms Making Recommendations1
Benchmark
Susquehanna
Piper Sandler
Wells Fargo
Citigroup
1calculated from analyst ratings published within the last 3 years
Analyst Ratings for Magnolia Oil & Gas
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 04/23/2024 | MGY | Buy Now | Magnolia Oil & Gas | $25.99 | — | Benchmark | Subash Chandra | — | Reiterates | → Hold | Get Alert |
| 04/22/2024 | MGY | Buy Now | Magnolia Oil & Gas | $25.99 | 19.28% | Susquehanna | Biju Perincheril | $28 → $31 | Maintains | Positive | Get Alert |
| 04/19/2024 | MGY | Buy Now | Magnolia Oil & Gas | $25.99 | 11.58% | Piper Sandler | Mark Lear | $29 → $29 | Downgrade | Overweight → Neutral | Get Alert |
| 04/18/2024 | MGY | Buy Now | Magnolia Oil & Gas | $25.99 | 3.89% | Wells Fargo | Hanwen Chang | $23 → $27 | Maintains | Equal-Weight | Get Alert |
| 04/15/2024 | MGY | Buy Now | Magnolia Oil & Gas | $25.99 | -15.35% | Citigroup | Paul Diamond | $18 → $22 | Maintains | Sell | Get Alert |
| 03/26/2024 | MGY | Buy Now | Magnolia Oil & Gas | $25.99 | 7.73% | Goldman Sachs | Umang Choudhary | $24.5 → $28 | Maintains | Buy | Get Alert |
| 03/14/2024 | MGY | Buy Now | Magnolia Oil & Gas | $25.99 | 0.04% | Mizuho | William Janela | $24 → $26 | Maintains | Neutral | Get Alert |
| 02/16/2024 | MGY | Buy Now | Magnolia Oil & Gas | $25.99 | 26.97% | Truist Securities | Neal Dingmann | $32 → $33 | Maintains | Buy | Get Alert |
| 01/24/2024 | MGY | Buy Now | Magnolia Oil & Gas | $25.99 | 11.58% | Piper Sandler | Mark Lear | $30 → $29 | Maintains | Overweight | Get Alert |
| 01/19/2024 | MGY | Buy Now | Magnolia Oil & Gas | $25.99 | -19.2% | Wells Fargo | Nitin Kumar | $23 → $21 | Maintains | Equal-Weight | Get Alert |
| 01/03/2024 | MGY | Buy Now | Magnolia Oil & Gas | $25.99 | -7.66% | Mizuho | Nitin Kumar | $28 → $24 | Maintains | Neutral | Get Alert |
| 12/11/2023 | MGY | Buy Now | Magnolia Oil & Gas | $25.99 | -30.74% | Citigroup | Paul Diamond | $24 → $18 | Downgrade | Neutral → Sell | Get Alert |
| 10/09/2023 | MGY | Buy Now | Magnolia Oil & Gas | $25.99 | -7.66% | Citigroup | Paul Diamond | $25 → $24 | Maintains | Neutral | Get Alert |
| 09/06/2023 | MGY | Buy Now | Magnolia Oil & Gas | $25.99 | 0.04% | Mizuho | Nitin Kumar | $25 → $26 | Maintains | Neutral | Get Alert |
| 09/06/2023 | MGY | Buy Now | Magnolia Oil & Gas | $25.99 | 11.58% | Truist Securities | Neal Dingmann | $27 → $29 | Maintains | Buy | Get Alert |
| 08/16/2023 | MGY | Buy Now | Magnolia Oil & Gas | $25.99 | — | Mizuho | Nitin Kumar | — | Downgrade | Buy → Neutral | Get Alert |
| 08/10/2023 | MGY | Buy Now | Magnolia Oil & Gas | $25.99 | — | Keybanc | Tim Rezvan | — | Downgrade | Overweight → Sector Weight | Get Alert |
| 08/01/2023 | MGY | Buy Now | Magnolia Oil & Gas | $25.99 | 7.73% | Mizuho | Nitin Kumar | $28 → $28 | Maintains | Buy | Get Alert |
| 06/14/2023 | MGY | Buy Now | Magnolia Oil & Gas | $25.99 | -5.73% | Goldman Sachs | Umang Choudhary | $27.5 → $24.5 | Maintains | Buy | Get Alert |
FAQ
What is the target price for Magnolia Oil & Gas (MGY)?
The latest price target for Magnolia Oil & Gas (NYSE: MGY) was reported by Benchmark on April 23, 2024. The analyst firm set a price target for $0.00 expecting MGY to fall to within 12 months (a possible -100.00% downside). 23 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Magnolia Oil & Gas (MGY)?
The latest analyst rating for Magnolia Oil & Gas (NYSE: MGY) was provided by Benchmark, and Magnolia Oil & Gas reiterated their hold rating.
When was the last upgrade for Magnolia Oil & Gas (MGY)?
The last upgrade for Magnolia Oil & Gas Corp happened on August 30, 2021 when Truist Securities raised their price target to $21. Truist Securities previously had a hold for Magnolia Oil & Gas Corp.
When was the last downgrade for Magnolia Oil & Gas (MGY)?
The last downgrade for Magnolia Oil & Gas Corp happened on April 19, 2024 when Piper Sandler changed their price target from $29 to $29 for Magnolia Oil & Gas Corp.
When is the next analyst rating going to be posted or updated for Magnolia Oil & Gas (MGY)?
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 April 23, 2024 so you should expect the next rating to be made available sometime around April 23, 2025.
Is the Analyst Rating Magnolia Oil & Gas (MGY) correct?
While ratings are subjective and will change, the latest Magnolia Oil & Gas (MGY) rating was a reiterated with a price target of $0.00 to $0.00. The current price Magnolia Oil & Gas (MGY) is trading at is $26.07, which is out of the analyst’s predicted range.
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