Where could MGY trade next? Consensus target price: $34.
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+ Follow$27.75
13 analysts in the last 4 months
High: $38 | Low: $29
No recommendations in the last 4 months.
Magnolia Oil & Gas posts a target price of $34. Comparing that reading with peers and prior periods is usually more useful than looking at the number in isolation.
A target price of $34 for MGY means covering analysts, on average, see the stock 21.1% upside of $27.75 over about 12 months. Dig into who set the high and low targets and how recently they updated — freshness matters as much as the average itself.
Context for MGY's target price usually means three checks: (1) trend versus prior periods, (2) level versus peers, and (3) consistency with growth and profitability. This page covers the first two; Magnolia Oil & Gas's other metric pages and overview cover the third.
Judging Magnolia Oil & Gas against Energy peers is usually better than using a market-wide rule of thumb. Business models inside Energy are more comparable, which makes gaps in target price easier to interpret. Start with $34 here, then scan peer and history charts to see if the gap is persistent.