Shares of Magnolia Oil & Gas Corp (NYSE:MGY - Get Free Report) have received an average rating of "Hold" from the fifteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $26.4167.
MGY has been the subject of a number of analyst reports. Weiss Ratings reissued a "hold (c)" rating on shares of Magnolia Oil & Gas in a research report on Wednesday. UBS Group reiterated a "buy" rating and issued a $29.00 price target (up from $26.00) on shares of Magnolia Oil & Gas in a report on Friday, June 13th. William Blair initiated coverage on Magnolia Oil & Gas in a research note on Monday, August 25th. They set an "outperform" rating on the stock. Wells Fargo & Company lowered their price objective on Magnolia Oil & Gas from $22.00 to $21.00 and set an "underweight" rating for the company in a research report on Monday, June 16th. Finally, Mizuho dropped their target price on Magnolia Oil & Gas from $26.00 to $25.00 and set a "neutral" rating for the company in a research note on Monday, September 15th.
Read Our Latest Stock Analysis on Magnolia Oil & Gas
Magnolia Oil & Gas Stock Down 4.4%
MGY opened at $22.64 on Friday. The firm has a market cap of $4.32 billion, a P/E ratio of 11.85, a PEG ratio of 3.13 and a beta of 1.24. The business's fifty day simple moving average is $24.01 and its 200 day simple moving average is $23.09. Magnolia Oil & Gas has a 52 week low of $19.09 and a 52 week high of $29.02. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.20.
Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.03. Magnolia Oil & Gas had a net margin of 27.57% and a return on equity of 19.34%. The firm had revenue of $318.98 million during the quarter, compared to the consensus estimate of $311.58 million. During the same quarter in the previous year, the company posted $0.51 EPS. The firm's revenue for the quarter was down 5.3% on a year-over-year basis. As a group, equities research analysts anticipate that Magnolia Oil & Gas will post 2.1 EPS for the current fiscal year.
Magnolia Oil & Gas Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 11th were given a $0.15 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.60 annualized dividend and a dividend yield of 2.7%. Magnolia Oil & Gas's dividend payout ratio (DPR) is currently 31.41%.
Hedge Funds Weigh In On Magnolia Oil & Gas
A number of large investors have recently bought and sold shares of MGY. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Magnolia Oil & Gas by 236.2% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,190 shares of the company's stock valued at $27,000 after purchasing an additional 836 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of Magnolia Oil & Gas in the 1st quarter worth $30,000. Caitong International Asset Management Co. Ltd acquired a new position in Magnolia Oil & Gas in the second quarter valued at $30,000. EverSource Wealth Advisors LLC boosted its holdings in Magnolia Oil & Gas by 165.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,386 shares of the company's stock valued at $31,000 after acquiring an additional 864 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its position in Magnolia Oil & Gas by 90.5% during the second quarter. Geneos Wealth Management Inc. now owns 2,212 shares of the company's stock valued at $50,000 after acquiring an additional 1,051 shares during the period. Hedge funds and other institutional investors own 94.73% of the company's stock.
About Magnolia Oil & Gas
(
Get Free Report)
Magnolia Oil & Gas Corp. engages in the acquisition, development, exploration, and production of oil and natural gas properties. It operates assets located in the Eagle Ford Shale and Austin Chalk formations in South Texas. The company was founded on February 14, 2017 and is headquartered in Houston, TX.
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