Roth Capital Upgrades Magnolia Oil & Gas to Buy
Roth Capital has upgraded its rating on Magnolia Oil & Gas to a buy, setting a price target of $31, a 15.16% upside from the current price.
Key Points
- Roth Capital raised its rating on Magnolia Oil & Gas Corporation (NYSE:MGY) to buy, with a new price target of $31 as of June 22, 2026.
- Roth Capital's $31 price target implies 15.16% upside from Magnolia Oil & Gas Corporation's ($MGY) current $26.92 share price.
- Magnolia Oil & Gas has a market cap of $4.88 billion and trades with a P/E ratio of 15.27; its stock was near $26.41 on Monday.
- Insiders have been actively buying shares, and analysts like Roth Capital are setting new price targets for the company.
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Roth Capital has upgraded its rating on Magnolia Oil & Gas Corporation (NYSE:MGY) to a buy, setting a new price target of $31. This change was announced on June 22, 2026. On Monday, shares of Magnolia Oil & Gas traded around $26.41.
Roth Capital vs. the S&P 500
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Magnolia Oil & Gas Corporation Stock Up 2.6%
Shares of NYSE:MGY traded near $26.41 on Monday. Magnolia Oil & Gas Corporation, with a market cap of approximately $4.88 billion, has a P/E ratio of 15.27 and a forward P/E of 10.08. The stock has experienced a 52-week range from $21.07 to $32.76. It has a 50-day moving average of $28.61 and a 200-day moving average of $25.78. The company's beta is relatively low at 0.686, indicating less volatility compared to the market.
$MGY price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
In its recent earnings report, Magnolia Oil & Gas posted revenue of $1.32 billion with a growth rate of 2.3%. The company reported an EPS of $1.73, a net margin of 24.4%, and a return on equity of 16.47%. The next earnings announcement is scheduled for August 5, 2026.
Dividend
Magnolia Oil & Gas offers an annual dividend rate of $0.63, representing a yield of 2.39%. The dividend payout ratio stands at 35.55%.
Insider Buying and Selling at Magnolia Oil & Gas Corporation
Recent insider activity at Magnolia Oil & Gas includes several purchases. Shandell Szabo bought 86 shares on June 1, 2026, at an average price of $27.44. Arcilla Acosta also acquired 72 shares on the same day. Earlier in May, insiders including Shandell Szabo, Edward Djerejian, and Arcilla Acosta collectively bought over 18,000 shares.
Analysts Set New Price Targets
On June 22, 2026, Roth Capital upgraded Magnolia Oil & Gas to a buy, setting a price target of $31. Previously, on May 27, Mizuho maintained its buy rating with a target of $35. Wells Fargo and Truist Securities have both maintained hold ratings with price targets of $31 and $34, respectively. The consensus among 17 analysts is a buy, with an average target price of $33.82.
About Magnolia Oil & Gas Corporation
Magnolia Oil & Gas Corporation is an independent oil and natural gas company based in Houston, Texas. It focuses on acquiring, developing, and producing oil and natural gas reserves. The company's operations are primarily located in South Texas, specifically in the Karnes County and Giddings area, which are part of the Eagle Ford Shale and Austin Chalk formation. Christopher G. Stavros serves as the CEO, and the company employs around 262 people.
Bottom Line
Roth Capital's upgraded rating and new price target for Magnolia Oil & Gas highlight growing confidence in the company's performance. With a stable financial position and active insider buying, investors may find the stock worth watching. However, it's important to remember that analyst ratings are just one piece of the puzzle, and 13F filings offer a historical snapshot of positions.
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