Magnolia Oil & Gas Corp (NYSE:MGY) Stock Has Consensus Target Price of $31.81 According to Brokerages

Magnolia Oil & Gas Corp (NYSE:MGY) has been assigned a consensus rating of “Moderate Buy” from the eighteen analysts that are covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $31.88.

A number of research analysts recently weighed in on MGY shares. Weiss Ratings upgraded shares of Magnolia Oil & Gas from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Wells Fargo & Company raised Magnolia Oil & Gas to a “hold” rating in a research report on Wednesday, September 2nd. Mizuho upgraded shares of Magnolia Oil & Gas to a “strong-buy” rating in a research note on Friday, July 31st. JPMorgan Chase & Co. raised shares of Magnolia Oil & Gas from a “neutral” rating to an “overweight” rating and raised their target price for the company from $32.00 to $33.00 in a report on Tuesday, September 8th. Finally, Roth Capital reduced their target price on shares of Magnolia Oil & Gas from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd.

Magnolia Oil & Gas Stock Performance

NYSE:MGY opened at $24.03 on Friday. Magnolia Oil & Gas has a fifty-two week low of $21.07 and a fifty-two week high of $32.76. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.58 and a current ratio of 1.58. The company has a 50 day moving average price of $25.89 and a 200 day moving average price of $27.47. The stock has a market capitalization of $5.69 billion, a P/E ratio of 10.54 and a beta of 0.80.

Magnolia Oil & Gas (NYSE:MGY) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.06. The business had revenue of $478.81 million during the quarter, compared to analysts’ expectations of $458.10 million. Magnolia Oil & Gas had a return on equity of 21.04% and a net margin of 28.77%.The company’s revenue was up 50.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 earnings per share. Equities research analysts forecast that Magnolia Oil & Gas will post 2.9 EPS for the current year.

Magnolia Oil & Gas Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 10th were given a $0.18 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.0%. This is a boost from Magnolia Oil & Gas’s previous quarterly dividend of $0.1650. Magnolia Oil & Gas’s payout ratio is currently 31.58%.

Insider Buying and Selling

In other Magnolia Oil & Gas news, Director David Khani purchased 8,000 shares of the business’s stock in a transaction on Friday, August 7th. The shares were bought at an average cost of $25.00 per share, for a total transaction of $200,000.00. Following the completion of the purchase, the director directly owned 30,622 shares in the company, valued at approximately $765,550. This represents a 35.36% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.92% of the stock is owned by company insiders.

Hedge Funds Weigh In On Magnolia Oil & Gas

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MGY. Allworth Financial LP lifted its holdings in shares of Magnolia Oil & Gas by 11.0% during the second quarter. Allworth Financial LP now owns 5,760 shares of the company’s stock worth $147,000 after purchasing an additional 571 shares during the period. GAMMA Investing LLC increased its stake in shares of Magnolia Oil & Gas by 10.1% during the 2nd quarter. GAMMA Investing LLC now owns 7,572 shares of the company’s stock worth $194,000 after purchasing an additional 697 shares in the last quarter. Parallel Advisors LLC raised its stake in Magnolia Oil & Gas by 45.4% in the 1st quarter. Parallel Advisors LLC now owns 2,572 shares of the company’s stock valued at $81,000 after purchasing an additional 803 shares during the last quarter. Cetera Investment Advisers grew its stake in Magnolia Oil & Gas by 5.2% in the 1st quarter. Cetera Investment Advisers now owns 17,549 shares of the company’s stock worth $554,000 after acquiring an additional 867 shares during the period. Finally, Sanctuary Advisors LLC grew its holdings in Magnolia Oil & Gas by 7.3% in the 1st quarter. Sanctuary Advisors LLC now owns 12,744 shares of the company’s stock valued at $402,000 after buying an additional 868 shares during the period. 94.73% of the stock is owned by institutional investors and hedge funds.

More Magnolia Oil & Gas News

Here are the key news stories impacting Magnolia Oil & Gas this week:

• Positive Sentiment: Higher production outlook following WildFire acquisition: Magnolia provided third- and fourth-quarter 2026 production guidance and updated its 2027 outlook after completing the WildFire Energy acquisition. The deal is expected to expand Magnolia’s operating scale and increase production, potentially supporting revenue and cash flow growth. Magnolia Oil & Gas Provides Production Guidance
• Positive Sentiment: Analysts maintain bullish views: Roth MKM reaffirmed its Buy rating, while Truist Financial raised its price target from $34 to $35 and retained a Buy rating. Truist’s target implies substantial upside from recent trading levels, indicating confidence in Magnolia’s production growth and financial prospects. Roth MKM Reaffirms Buy Rating
• Positive Sentiment: Initial operating update was constructive: Magnolia’s interim financial and operations update following the WildFire closing gives investors additional visibility into the combined company and its integration plans. Magnolia Interim Financial and Operations Update
• Neutral Sentiment: Articles comparing Magnolia with Sky Quarry and Frontline primarily provide relative financial or investment analysis rather than new company-specific developments. Financial Contrast
• Negative Sentiment: The expanded production outlook also raises execution risks, including integrating WildFire assets, delivering the forecast production increases and managing costs. Those concerns may be limiting the immediate market reaction despite the positive analyst commentary. Post-WildFire Production Shift

About Magnolia Oil & Gas

Magnolia Oil & Gas Corporation is an independent oil and natural gas exploration and production company. The company focuses on the acquisition, development, exploration and production of crude oil, natural gas and natural gas liquids.

Magnolia’s operations are concentrated in the Eagle Ford Shale and Austin Chalk formations in South Texas, including its Karnes and Giddings areas. Its production activities are supported by established infrastructure and involve the development of unconventional oil and gas resources.

The company was formed in 2017 through a business combination involving TPG Pace Energy Holdings Corp.