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Mizuho Lifts Magnolia Oil Target to $35 on Oil Surge

6/12/2026

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Summary

Story summary

Mizuho raised Magnolia Oil & Gas Corp (NYSE: MGY) price target to $35 on May 27, citing higher oil prices.
Magnolia reported a 25.11% net profit margin, showing strong profitability.
Mizuho forecasts oil prices up 25% in 2026 and lifted U.S. refining-crack outlooks by 61% and 51%.
Analysts see upside over 28% from the $27.23 price, noting American Century reported benefits from March oil spikes tied to the Iran war.

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Story summary

Mizuho raised Magnolia Oil & Gas Corp (NYSE: MGY) price target to $35 on May 27, citing higher oil prices.
Magnolia reported a 25.11% net profit margin, showing strong profitability.
Mizuho forecasts oil prices up 25% in 2026 and lifted U.S. refining-crack outlooks by 61% and 51%.
Analysts see upside over 28% from the $27.23 price, noting American Century reported benefits from March oil spikes tied to the Iran war.