Magnolia Oil & Gas Corp (MGY) Stock Forecast & Predictions

Magnolia Oil & Gas Corp - Class A MGY: $18.085

, , , . | Sector: Mining, Quarrying, and Oil and Gas Extraction | Exchange: NEW YORK STOCK EXCHANGE INC. | Web:

  • Market Cap$2.91B
  • Change (52 Weeks)204.42%
  • Low (52 Weeks)$4.07
  • Magnolia Oil & Gas Corp (MGY) Forecast Based on Technical Analysis

    Based on 15 Technical Indicators where 26.67% are on Buy, 20.00% on Sell, and 53.33% Neutral.

    According to the market data, Magnolia Oil & Gas Corp (MGY) stock price is $18.085 and the 52 weeks low is $4.07, which means the Magnolia Oil & Gas Corp stock price is up 204.42% in the last 12 months.

    Magnolia Oil & Gas Corp (MGY) Stock Price has been Trending Strongly with an ADX reading of 32.94 as per the Weekly Chart.

    A Upward trend indicates that Magnolia Oil & Gas Corp (MGY) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 15 technical indicators, 26.67% are indicating that MGY Stock price might rise further, 20.00% indicating that MGY Stock price might fall, and 53.33% are in a neutral position.

    Based on these technical algorithms, overall MGY stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Magnolia Oil & Gas Corp (MGY) Stock Forecast By Analysts

    Strong Buy
    Analysts Recommendations for Magnolia Oil & Gas Corp (MGY) is based on 19 Institutional Analyst Ratings where 63.16% are on Strong Buy, 10.53% on Moderate Buy, 26.32% remains on Hold, 0.00% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 19 Institutional Analysts, majority recommended MGY stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Magnolia Oil & Gas Corp.

    Magnolia Oil & Gas Corp (MGY) Stock Price Prediction By Analysts

    $17.731.95% Downside
    Updated: 2021-09-19 00:00:00

    The Average Price target for MGY set by the institutional analysts is $17.73 where High Estimate is $22.05, Median $18.36 and Low $14.14.

    The average price target for MGY by Institutional Analysts is $17.73, which is 1.95% Downside from the current price. So according to the Institutional Analysts, MGY Stock might be a bit overvalued at this stage and there’s potential for downside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Magnolia Oil & Gas Corp (MGY) Stock Forecast Based on Investor Sentiment

    Very Positive

    Based on 479,658 investor portfolio.

    Our algorithm has analysed 479,658 investor portfolio with MGY stock holdings and found that 99.50% of them are bullish. Which means the Investor Sentiment is mostly Very Positive.

    This shows most investors are very optimistic about MGY and holding their positions hoping for a further rise in the stock price and more profit.

    Magnolia Oil & Gas Corp (MGY) Stock Forecasts By Institutional Analysts

    Truist SecuritiesBuyUpgraded
    Wells FargoOverweightMaintained
    Evercore ISI GroupOutperformInitiated
    Piper SandlerOverweightUpgraded
    Wells FargoOverweightMaintained
    Credit SuisseNeutralMaintained
    MKM PartnersNeutralDowngraded
    Credit SuisseNeutralMaintained
    Goldman SachsBuyInitiated
    Seaport GlobalNeutralInitiated
    ScotiaBankSector OutperformMaintained
    MKM PartnersBuyInitiated
    SunTrust Robinson HumphreyHoldMaintained
    RF LaffertyBuyMaintained
    Imperial CapitalIn-LineDowngraded
    RF LaffertyBuyMaintained
    Wells FargoOverweightReiterated
    SunTrust Robinson HumphreyHoldDowngraded
    Credit SuisseNeutralDowngraded
    Piper JaffrayOverweightMaintained
    Piper JaffrayOverweightInitiated
    Wells FargoOutperformInitiated
    JP MorganOverweightInitiated
    Credit SuisseOutperformInitiated

    Magnolia Oil & Gas Corp (MGY) Stock Earning Per Share (EPS) Forecast / Estimate

    The average consensus EPS for MGY is $0.598 with a high estimate of $0.766 and Low of $0.461 for the period 2021-12-31 and based on 15 Institutional Analysts.

    Last Quarter


    Earning Per Share (EPS) History


    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).