Are Analysts Too Bullish On Magnolia Oil & Gas Corp (MGY)

Magnolia Oil & Gas Corp (NYSE:MGY) currently has a daily average trading volume of 3.19M but it saw 1517984 shares traded in last market. With a market cap of 4.18B USD, the company’s current market price of $21.71 came falling about -0.78 while comparing to the previous closing price of $21.88. In past 52 weeks, the stock remained buoying in the range of price level as high as $29.02 and as low as $19.09.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the UBS which initiated the stock as “Buy” in its note to investors issued on April 22, 2025, recommending a price target of $26 for it. Goldman downgraded its recommendation for the stock as a “Neutral” from “Buy” on January 31, 2025 while assigning a price target range of $27-$26. BofA Securities issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $29 and $28.

Over the week, MGY’s stock price is moving -4.66% down while it is 4.88% when we observe its performance for the past one month. Year-to-date it is -7.14% down and over the past year, the stock is showing a downside performance of -15.59%.

Currently, Magnolia Oil & Gas Corp’s total number of outstanding shares is 187.67M with 1.32% of that held by the insiders while 118.05% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 16.29% and return on equity (ROE) at 20.85%. It has a price to earnings ratio (P/E ratio) of 10.77 while having a 11.12 of forward P/E ratio. Stock’s beta reads 1.30. Stock has a price to book (P/B) ratio of 2.17 while price to sale or P/S ratio amounts to 3.10. Its return on asset (ROA) is 13.35% on average.