Magnolia Oil & Gas (NYSE:MGY - Get Free Report) had its price target lifted by investment analysts at Mizuho from $26.00 to $28.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has a "neutral" rating on the stock. Mizuho's price objective would suggest a potential upside of 8.44% from the stock's current price.
A number of other equities analysts have also recently issued reports on MGY. Piper Sandler restated a "neutral" rating and set a $29.00 target price on shares of Magnolia Oil & Gas in a research report on Friday, April 19th. Truist Financial upped their price objective on shares of Magnolia Oil & Gas from $32.00 to $33.00 and gave the company a "buy" rating in a research note on Friday, February 16th. Citigroup raised their target price on shares of Magnolia Oil & Gas from $18.00 to $22.00 and gave the stock a "sell" rating in a research report on Monday, April 15th. Wells Fargo & Company upped their price target on shares of Magnolia Oil & Gas from $23.00 to $27.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 18th. Finally, Bank of America assumed coverage on shares of Magnolia Oil & Gas in a research note on Tuesday, February 27th. They set a "buy" rating and a $25.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $27.88.
Check Out Our Latest Analysis on MGY
Magnolia Oil & Gas Stock Performance
Shares of MGY stock traded down $0.06 during midday trading on Monday, hitting $25.82. The company had a trading volume of 1,919,377 shares, compared to its average volume of 3,106,395. Magnolia Oil & Gas has a 52-week low of $19.05 and a 52-week high of $27.33. The stock has a market cap of $5.27 billion, a price-to-earnings ratio of 12.85, a PEG ratio of 1.52 and a beta of 2.03. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.71 and a quick ratio of 1.71. The company's 50 day simple moving average is $25.45 and its 200 day simple moving average is $22.72.
Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last released its earnings results on Wednesday, February 14th. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.04). Magnolia Oil & Gas had a return on equity of 20.41% and a net margin of 30.46%. The firm had revenue of $322.63 million during the quarter, compared to analyst estimates of $324.95 million. Research analysts anticipate that Magnolia Oil & Gas will post 2.18 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Magnolia Oil & Gas
Several institutional investors have recently bought and sold shares of the stock. Bessemer Group Inc. raised its position in Magnolia Oil & Gas by 7.2% in the first quarter. Bessemer Group Inc. now owns 628,409 shares of the company's stock worth $16,308,000 after acquiring an additional 42,154 shares in the last quarter. Seven Eight Capital LP bought a new stake in shares of Magnolia Oil & Gas in the 1st quarter worth approximately $2,989,000. Cynosure Group LLC acquired a new stake in Magnolia Oil & Gas during the first quarter valued at approximately $342,000. Edgestream Partners L.P. boosted its holdings in Magnolia Oil & Gas by 21.9% during the first quarter. Edgestream Partners L.P. now owns 201,309 shares of the company's stock worth $5,224,000 after buying an additional 36,111 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Magnolia Oil & Gas by 16.6% in the first quarter. Vanguard Group Inc. now owns 20,757,369 shares of the company's stock worth $538,654,000 after buying an additional 2,956,314 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company's stock.
About Magnolia Oil & Gas
(
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Magnolia Oil & Gas Corporation, an independent oil and natural gas company, engages in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids reserves in the United States. Its properties are located primarily in Karnes County and the Giddings area in South Texas principally comprising the Eagle Ford Shale and the Austin Chalk formation.
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