Magnolia Oil & Gas (NYSE:MGY) Earns Buy Rating from Analysts at UBS Group

Analysts at UBS Group assumed coverage on shares of Magnolia Oil & Gas (NYSE:MGY - Get Free Report) in a research note issued to investors on Tuesday, Marketbeat reports. The brokerage set a "buy" rating and a $26.00 price target on the stock. UBS Group's price objective indicates a potential upside of 22.61% from the company's previous close.

A number of other analysts also recently weighed in on MGY. JPMorgan Chase & Co. decreased their price target on shares of Magnolia Oil & Gas from $28.00 to $24.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Bank of America reiterated a "neutral" rating and set a $28.00 price objective (down from $29.00) on shares of Magnolia Oil & Gas in a research note on Monday, January 13th. The Goldman Sachs Group downgraded shares of Magnolia Oil & Gas from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $27.00 to $26.00 in a research report on Friday, January 31st. Citigroup reduced their price target on shares of Magnolia Oil & Gas from $22.00 to $19.00 and set a "sell" rating on the stock in a research report on Tuesday, April 8th. Finally, Johnson Rice downgraded Magnolia Oil & Gas from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Magnolia Oil & Gas currently has a consensus rating of "Hold" and an average price target of $27.21.

Magnolia Oil & Gas Stock Down 0.7 %

MGY stock traded down $0.16 during trading on Tuesday, reaching $21.21. The stock had a trading volume of 2,055,896 shares, compared to its average volume of 2,298,717. The company has a current ratio of 1.42, a quick ratio of 1.47 and a debt-to-equity ratio of 0.20. The firm has a fifty day moving average price of $22.85 and a 200 day moving average price of $24.52. The company has a market capitalization of $4.12 billion, a P/E ratio of 10.99, a PEG ratio of 3.01 and a beta of 1.57. Magnolia Oil & Gas has a 1-year low of $19.09 and a 1-year high of $29.02.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.46 by $0.03. Magnolia Oil & Gas had a return on equity of 20.74% and a net margin of 27.82%. The business had revenue of $326.61 million for the quarter, compared to analysts' expectations of $327.40 million. On average, equities analysts anticipate that Magnolia Oil & Gas will post 2.1 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Christopher G. Stavros acquired 2,500 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were acquired at an average price of $22.05 per share, with a total value of $55,125.00. Following the acquisition, the chief executive officer now directly owns 892,372 shares in the company, valued at approximately $19,676,802.60. The trade was a 0.28 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.20% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Albert D Mason Inc. boosted its position in shares of Magnolia Oil & Gas by 0.7% during the fourth quarter. Albert D Mason Inc. now owns 61,497 shares of the company's stock worth $1,438,000 after buying an additional 411 shares during the period. Isthmus Partners LLC raised its stake in Magnolia Oil & Gas by 5.2% during the 4th quarter. Isthmus Partners LLC now owns 9,320 shares of the company's stock valued at $218,000 after acquiring an additional 460 shares in the last quarter. OneDigital Investment Advisors LLC boosted its position in Magnolia Oil & Gas by 3.0% during the 4th quarter. OneDigital Investment Advisors LLC now owns 15,768 shares of the company's stock worth $369,000 after acquiring an additional 464 shares during the period. Avior Wealth Management LLC grew its stake in shares of Magnolia Oil & Gas by 30.0% in the fourth quarter. Avior Wealth Management LLC now owns 2,194 shares of the company's stock worth $51,000 after purchasing an additional 506 shares in the last quarter. Finally, Mather Group LLC. increased its holdings in shares of Magnolia Oil & Gas by 100.0% during the fourth quarter. Mather Group LLC. now owns 1,090 shares of the company's stock valued at $25,000 after purchasing an additional 545 shares during the period. 94.73% of the stock is owned by institutional investors and hedge funds.

Magnolia Oil & Gas Company Profile

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.