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NYSE:MGY

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

$26.76
+0.48 (+1.83%)
(As of 11:00 AM ET)
Today's Range
$26.36
$26.91
50-Day Range
$23.84
$26.50
52-Week Range
$19.16
$27.33
Volume
199,899 shs
Average Volume
2.78 million shs
Market Capitalization
$5.43 billion
P/E Ratio
13.31
Dividend Yield
1.94%
Price Target
$28.11

Magnolia Oil & Gas MarketRank™ Stock Analysis

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
7.0% Upside
$28.11 Price Target
Short Interest
Bearish
17.53% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.62mentions of Magnolia Oil & Gas in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$306.96 M Sold Last Quarter
Proj. Earnings Growth
5.80%
From $2.24 to $2.37 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.67 out of 5 stars

Oils/Energy Sector

184th out of 235 stocks

Crude Petroleum & Natural Gas Industry

61st out of 77 stocks

MGY stock logo

About Magnolia Oil & Gas Stock (NYSE:MGY)

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. The company was incorporated in 2017 and is headquartered in Houston, Texas.

MGY Stock Price History

MGY Stock News Headlines

New Biden Law just went into effect
Congress has allocated $400 billion to support this law, and is considering approving billions more by the end of this year. And leaders from both sides of the aisle just issued a joint statement calling the signing of this law “a momentous day” for America – and critical to national security.
New Biden Law just went into effect
Congress has allocated $400 billion to support this law, and is considering approving billions more by the end of this year. And leaders from both sides of the aisle just issued a joint statement calling the signing of this law “a momentous day” for America – and critical to national security.
See More Headlines
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Company Calendar

Last Earnings
5/07/2024
Ex-Dividend for 6/3 Dividend
5/10/2024
Dividend Payable
6/03/2024
Today
7/15/2024
Next Earnings (Confirmed)
7/31/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Fax
N/A
Employees
247
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$28.11
High Stock Price Target
$35.00
Low Stock Price Target
$22.00
Potential Upside/Downside
+7.0%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
10 Analysts

Profitability

Net Income
$388.30 million
Pretax Margin
43.74%

Debt

Sales & Book Value

Annual Sales
$1.24 billion
Cash Flow
$3.49 per share
Book Value
$9.18 per share

Miscellaneous

Free Float
200,325,000
Market Cap
$5.33 billion
Optionable
Optionable
Beta
2.02
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Key Executives

  • Mr. Christopher G. Stavros (Age 61)
    President, CEO & Director
    Comp: $1.76M
  • Mr. Brian Michael Corales CPA (Age 44)
    Senior VP, CFO and Principal Accounting & Financial Officer
    Comp: $796.87k
  • Mr. Steve F. Millican (Age 48)
    Senior Vice President of Operations
    Comp: $802.95k
  • Mr. Timothy D. Yang (Age 52)
    Executive Vice President, General Counsel, Corporate Secretary & Land
    Comp: $1.14M
  • Jim Johnson
    Vice President of Finance, IR & Treasurer

MGY Stock Analysis - Frequently Asked Questions

How have MGY shares performed this year?

Magnolia Oil & Gas' stock was trading at $21.29 at the beginning of the year. Since then, MGY shares have increased by 23.4% and is now trading at $26.28.
View the best growth stocks for 2024 here
.

How were Magnolia Oil & Gas' earnings last quarter?

Magnolia Oil & Gas Co. (NYSE:MGY) posted its earnings results on Tuesday, May, 7th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.44 by $0.05. The company earned $319.42 million during the quarter, compared to analyst estimates of $308.21 million. Magnolia Oil & Gas had a trailing twelve-month return on equity of 20.41% and a net margin of 30.46%.

Who are Magnolia Oil & Gas' major shareholders?

Magnolia Oil & Gas' top institutional investors include SG Americas Securities LLC (0.02%), Everence Capital Management Inc. (0.01%), Canandaigua National Bank & Trust Co. (0.01%) and Fulton Bank N.A. (0.01%). Insiders that own company stock include Ltd Enervest, John B Walker, James R Larson 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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

Based on aggregate information from My MarketBeat watchlists, some other companies that 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) and AbbVie (ABBV).

This page (NYSE:MGY) was last updated on 7/15/2024 by MarketBeat.com Staff

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