Magnolia Oil & Gas Reaches New 1-Year High

Analysts Raise Price Targets as Stock Surges

Mar. 30, 2026 at 3:14pm

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Shares of Magnolia Oil & Gas (NYSE:MGY) reached a new 52-week high on Monday, trading as high as $33.00 per share. The stock closed at $32.41, with a trading volume of 8,619 shares. Analysts have been raising their price targets for the company, with several issuing 'Buy' ratings and increased outlooks.

Why it matters

Magnolia Oil & Gas has seen its stock price surge in recent months, reflecting growing investor confidence in the company's performance and future prospects. The new 52-week high suggests the stock may have further room to run, as analysts become increasingly bullish on the company's outlook.

The details

A number of equity analysts have issued positive reports on Magnolia Oil & Gas in recent weeks. Zacks Research upgraded the stock from 'hold' to 'strong-buy', while BMO Capital Markets and Bank of America have both started coverage with 'outperform' or 'buy' ratings. The Goldman Sachs Group also raised its price target on the stock from $23 to $26.

  • Magnolia Oil & Gas stock reached a new 52-week high on Monday, March 30, 2026.
  • The company reported its latest quarterly earnings on Thursday, February 5, 2026.

The players

Magnolia Oil & Gas Corp

An independent exploration and production company focused on the Eagle Ford Shale in South Texas.

Zacks Research

An equity research firm that recently upgraded Magnolia Oil & Gas to a 'strong-buy' rating.

BMO Capital Markets

An investment bank that initiated coverage of Magnolia Oil & Gas with an 'outperform' rating and $27 price target.

Bank of America

A financial services company that upgraded Magnolia Oil & Gas from 'neutral' to 'buy' and raised its price target.

The Goldman Sachs Group

An investment bank that increased its price target on Magnolia Oil & Gas from $23 to $26.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee

What’s next

Analysts will be closely watching Magnolia Oil & Gas's upcoming quarterly earnings report to see if the company can maintain its momentum and continue to deliver strong financial results.

The takeaway

Magnolia Oil & Gas's surge to a new 52-week high reflects growing investor optimism about the company's prospects, as analysts raise their price targets and issue increasingly bullish recommendations. The stock's performance underscores the potential for continued growth in the Eagle Ford Shale region.