Magnolia Oil & Gas Corporation (NYSE:MGY) is one of the Goldman Sachs Energy Stocks: 10 Stocks to Buy.

On March 10, 2026, Clear Street lifted Magnolia Oil & Gas Corporation (NYSE:MGY)’s price objective to $33 from $31 while keeping a Buy rating. The analyst cited stronger reserves as support for the target increase. The firm noted that the company generated an 11% increase in proved developing producing reserves compared to previous levels, showing stronger reserve growth in the latest filings.

On February 5, 2026, Magnolia Oil & Gas Corporation (NYSE:MGY) announced fourth-quarter net income of $71.4 million and full-year net income of $337.3 million, with adjusted EBITDAX of $215.7 million in the quarter and $906.1 million in 2025. The corporation had an operating cash flow of $208.4 million in the fourth quarter and $878.6 million for the year, with free cash flow of $74.7 million and $426.6 million, respectively. Output reached 103.8 thousand barrels of oil equivalent per day in the fourth quarter, up 11% year on year, with a full-year average of 99.8 Mboe/d. The firm added 49.8 million barrels of oil equivalent to proved developed reserves in 2025, attaining a reserve replacement ratio of 137%.

Magnolia Oil & Gas Corporation (NYSE:MGY) is involved in the acquisition, development, exploration, and production of oil and natural gas resources. It has assets in the Eagle Ford Shale and Austin Chalk formations of South Texas.

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