▲ +5.84% Upside Potential
This price target is based on 12 analysts offering 12 month price targets for Magnolia Oil & Gas in the last 3 months. The average price target is $7.41, with a high forecast of $10.00 and a low forecast of $6.00. The average price target represents a 5.84% upside from the last price of $7.00.
The current consensus among 12 contributing investment analysts is to buy stock in Magnolia Oil & Gas. This Buy consensus rating has held steady for over two years.
Magnolia Oil & Gas Corporation engages in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids reserves in the United States. The company's properties are located primarily in Karnes County and the Giddings Field in South Texas principally comprising the Eagle Ford Shale and the Austin Chalk formation. As of December 31, 2019, its assets consisted of a total leasehold position of 450,854 net acres, including 22,088 net acres in Karnes, Gonzales, DeWitt, and Atascosa counties, Texas; 428,766 net acres in the Giddings Field; and approximately 1,141 net wells with a total production capacity of 66.8 thousand barrels of oil equivalent per day. The company is headquartered in Houston, Texas.