Magnolia Oil & Gas (NYSE:MGY) Stock Rating Upgraded by Citigroup

Magnolia Oil & Gas (NYSE:MGY) was upgraded by Citigroup from a “neutral” rating to a “buy” rating in a note issued to investors on Wednesday, MarketBeat reports. The firm currently has a $25.00 price objective on the stock, up from their previous price objective of $19.00. Citigroup’s target price would indicate a potential upside of 11.34% from the company’s previous close.

A number of other equities analysts have also commented on MGY. Piper Sandler reduced their target price on shares of Magnolia Oil & Gas from $25.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 18th. BMO Capital Markets started coverage on Magnolia Oil & Gas in a research note on Friday, January 9th. They issued an “outperform” rating and a $27.00 price objective on the stock. Zacks Research lowered Magnolia Oil & Gas from a “hold” rating to a “strong sell” rating in a research report on Monday. Mizuho set a $29.00 price target on Magnolia Oil & Gas in a research report on Friday, December 12th. Finally, KeyCorp set a $29.00 price target on Magnolia Oil & Gas and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Seven analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $26.42.

Magnolia Oil & Gas Stock Performance

NYSE:MGY opened at $22.45 on Wednesday. The company has a market cap of $4.24 billion, a price-to-earnings ratio of 12.54, a PEG ratio of 3.48 and a beta of 0.92. Magnolia Oil & Gas has a 1 year low of $19.09 and a 1 year high of $26.84. The stock’s 50 day simple moving average is $22.46 and its two-hundred day simple moving average is $23.20. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.47 and a quick ratio of 1.47.

Magnolia Oil & Gas (NYSE:MGY) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.41 EPS for the quarter, hitting analysts’ consensus estimates of $0.41. Magnolia Oil & Gas had a net margin of 25.90% and a return on equity of 18.10%. The business had revenue of $324.94 million during the quarter, compared to analysts’ expectations of $322.52 million. During the same period last year, the company posted $0.52 EPS. The business’s revenue was down 2.5% on a year-over-year basis. As a group, equities analysts anticipate that Magnolia Oil & Gas will post 2.1 earnings per share for the current fiscal year.

Institutional Trading of Magnolia Oil & Gas

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Campbell & CO Investment Adviser LLC grew its position in Magnolia Oil & Gas by 325.0% during the second quarter. Campbell & CO Investment Adviser LLC now owns 214,211 shares of the company’s stock valued at $4,815,000 after buying an additional 163,804 shares during the period. Phocas Financial Corp. grew its position in shares of Magnolia Oil & Gas by 69.0% during the 2nd quarter. Phocas Financial Corp. now owns 189,378 shares of the company’s stock valued at $4,257,000 after acquiring an additional 77,327 shares during the period. American Century Companies Inc. increased its stake in shares of Magnolia Oil & Gas by 12.9% in the 2nd quarter. American Century Companies Inc. now owns 11,861,231 shares of the company’s stock valued at $266,641,000 after purchasing an additional 1,358,878 shares in the last quarter. Nordea Investment Management AB boosted its position in Magnolia Oil & Gas by 1.0% during the second quarter. Nordea Investment Management AB now owns 444,636 shares of the company’s stock worth $10,062,000 after purchasing an additional 4,372 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its holdings in Magnolia Oil & Gas by 6.1% in the second quarter. Exchange Traded Concepts LLC now owns 47,988 shares of the company’s stock valued at $1,079,000 after purchasing an additional 2,758 shares during the period. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Magnolia Oil & Gas News Roundup

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

• Positive Sentiment: Citigroup upgraded MGY from “Neutral” to “Buy” and raised its price target to $25 (up from $19), signaling confidence after recent operational developments and implying roughly double‑digit upside from the current price. This upgrade is a clear positive catalyst for the stock. Citigroup upgrades Magnolia Oil & Gas (MGY)
• Neutral Sentiment: Market context: MGY shows slightly elevated trading volume vs. its average and sits near its 50‑day moving average, so analyst headlines are likely driving short‑term volatility rather than a clear technical breakout or breakdown. (Background company profile/quotes available.) MGY Profile & Performance
• Negative Sentiment: Zacks Research cut multiple near‑ and medium‑term EPS estimates for MGY (small reductions across Q2–Q4 2026, Q1 2027 and FY2026–FY2027) and moved its rating to “Strong Sell.” The repeated downward tweaks and the negative rating create selling pressure and counterbalance Citi’s upgrade. Zacks Research: estimate cuts and Strong Sell on MGY

Magnolia Oil & Gas Company Profile

Magnolia Oil & Gas Corp (NYSE: MGY) is an independent exploration and production company focused on the acquisition, development and optimization of onshore oil and gas assets in South Texas. Headquartered in Houston, the company concentrates its efforts on the Eagle Ford Shale, where it holds significant working interests in key producing counties.

The company’s core operations center on horizontal drilling and multi-stage completions designed to extract light crude oil, natural gas and natural gas liquids (NGLs).