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Magnolia Oil & Gas Stock Price, News & Analysis (NYSE:MGY)

$21.92
+0.27 (+1.25%)
(As of 12:09 PM ET)
Compare
Today's Range
$21.50
$22.04
50-Day Range
$20.93
$23.64
52-Week Range
$18.72
$26.78
Volume
959,756 shs
Average Volume
1.96 million shs
Market Capitalization
$4.54 billion
P/E Ratio
8.06
Dividend Yield
2.10%
Price Target
$26.67

Magnolia Oil & Gas MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
21.7% Upside
$26.67 Price Target
Short Interest
Bearish
8.81% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$23,520 Bought Last Quarter
Proj. Earnings Growth
19.72%
From $2.18 to $2.61 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.44 out of 5 stars

Oils/Energy Sector

99th out of 234 stocks

Crude Petroleum & Natural Gas Industry

43rd out of 72 stocks


MGY stock logo

About Magnolia Oil & Gas Stock (NYSE:MGY)

Magnolia Oil & Gas Corporation 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. The company was incorporated in 2017 and is headquartered in Houston, Texas.

MGY Stock Price History

MGY Stock News Headlines

Americans Now Favor Gold Over Stocks as an Investment Vehicle
Americans now consider gold a better long-term investment than stocks for the first time since 2013. But physical gold requires storage and insurance, and gold mining stocks come with significant risks. Fortunately, investors have found a little-known way to benefit from gold that avoids many of these challenges.
Q3 2023 Magnolia Oil & Gas Corp Earnings Call
Americans Now Favor Gold Over Stocks as an Investment Vehicle
Americans now consider gold a better long-term investment than stocks for the first time since 2013. But physical gold requires storage and insurance, and gold mining stocks come with significant risks. Fortunately, investors have found a little-known way to benefit from gold that avoids many of these challenges.
A Preview Of Magnolia Oil & Gas's Earnings
See More Headlines
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Company Calendar

Ex-Dividend for 9/1 Dividend
8/09/2023
Dividend Payable
9/01/2023
Last Earnings
11/01/2023
Ex-Dividend for 12/1 Dividend
11/08/2023
Today
11/28/2023
Dividend Payable
12/01/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/13/2024

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Fax
N/A
Employees
213
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$26.67
High Stock Price Target
$29.00
Low Stock Price Target
$23.00
Potential Upside/Downside
+23.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
7 Analysts

Profitability

Net Income
$893.84 million
Pretax Margin
47.91%

Debt

Sales & Book Value

Annual Sales
$1.69 billion
Cash Flow
$5.01 per share
Book Value
$8.14 per share

Miscellaneous

Free Float
204,565,000
Market Cap
$4.48 billion
Optionable
Optionable
Beta
2.06
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Key Executives

  • Mr. Christopher G. Stavros (Age 60)
    President, CEO & Director
    Comp: $1.66M
  • Mr. Brian Michael Corales CPA (Age 43)
    Senior VP, CFO and Principal Accounting & Financial Officer
    Comp: $708.74k
  • Mr. Steve F. Millican (Age 47)
    Senior Vice President of Operations
    Comp: $792.84k
  • Mr. Timothy D. Yang (Age 51)
    Executive Vice President, General Counsel, Corporate Secretary & Land
    Comp: $1.17M
  • Jim Johnson
    Vice President of Finance, IR & Treasurer














MGY Stock Analysis - Frequently Asked Questions

Should I buy or sell Magnolia Oil & Gas stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magnolia Oil & Gas in the last twelve months. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MGY shares.
View MGY analyst ratings
or view top-rated stocks.

What is Magnolia Oil & Gas' stock price target for 2024?

7 brokers have issued 1 year target prices for Magnolia Oil & Gas' shares. Their MGY share price targets range from $23.00 to $29.00. On average, they expect the company's share price to reach $26.67 in the next year. This suggests a possible upside of 21.7% from the stock's current price.
View analysts price targets for MGY
or view top-rated stocks among Wall Street analysts.

How have MGY shares performed in 2023?

Magnolia Oil & Gas' stock was trading at $23.45 at the beginning of the year. Since then, MGY stock has decreased by 6.5% and is now trading at $21.92.
View the best growth stocks for 2023 here
.

When is Magnolia Oil & Gas' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 13th 2024.
View our MGY earnings forecast
.

How were Magnolia Oil & Gas' earnings last quarter?

Magnolia Oil & Gas Co. (NYSE:MGY) posted its quarterly earnings data on Wednesday, November, 1st. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.01. The company had revenue of $315.68 million for the quarter, compared to the consensus estimate of $318.30 million. Magnolia Oil & Gas had a net margin of 41.62% and a trailing twelve-month return on equity of 25.75%. Magnolia Oil & Gas's quarterly revenue was down 34.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.29 EPS.

How often does Magnolia Oil & Gas pay dividends? What is the dividend yield for Magnolia Oil & Gas?

Magnolia Oil & Gas declared a quarterly dividend on Monday, October 30th. Shareholders of record on Thursday, November 9th will be paid a dividend of $0.115 per share on Friday, December 1st. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend is Wednesday, November 8th.
Read our dividend analysis for MGY
.

Is Magnolia Oil & Gas a good dividend stock?

Magnolia Oil & Gas (NYSE:MGY) pays an annual dividend of $0.46 per share and currently has a dividend yield of 2.15%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 16.91%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGY will have a dividend payout ratio of 17.62% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MGY.

What other stocks do shareholders of Magnolia Oil & Gas own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Magnolia Oil & Gas investors own include Block (SQ), Wells Fargo & Company (WFC), Enterprise Products Partners (EPD), Energy Transfer (ET), Gilead Sciences (GILD), Occidental Petroleum (OXY), AbbVie (ABBV), AMC Entertainment (AMC), Micron Technology (MU) and

Who are Magnolia Oil & Gas' major shareholders?

Magnolia Oil & Gas' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Victory Capital Management Inc. (2.88%), Loomis Sayles & Co. L P (1.35%), Allspring Global Investments Holdings LLC (1.32%), FMR LLC (1.12%), Morgan Stanley (1.07%) and The Manufacturers Life Insurance Company (0.91%). Insiders that own company stock include James R Larson, John B Walker, John B Walker, Ltd Enervest and Stephen I Chazen.
View institutional ownership trends
.

How do I buy shares of Magnolia Oil & Gas?

Shares of MGY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:MGY) was last updated on 11/28/2023 by MarketBeat.com Staff

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