NYSE:MGY

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

$25.72
+0.10 (+0.39%)
(As of 04/22/2024 ET)
Today's Range
$25.30
$26.08
50-Day Range
$20.34
$26.99
52-Week Range
$18.72
$27.33
Volume
3.29 million shs
Average Volume
3.26 million shs
Market Capitalization
$5.25 billion
P/E Ratio
12.55
Dividend Yield
2.02%
Price Target
$27.14

Magnolia Oil & Gas MarketRank™ Stock Analysis

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
7.4% Upside
$27.63 Price Target
Short Interest
Bearish
19.12% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.71mentions of Magnolia Oil & Gas in the last 14 days
Based on 12 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
10.58%
From $2.08 to $2.30 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.

2.49 out of 5 stars

Oils/Energy Sector

152nd out of 237 stocks

Crude Petroleum & Natural Gas Industry

53rd out of 76 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

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Magnolia Oil & Gas Corporation (MGY)
MGY Factor-Based Stock Analysis
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See More Headlines
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Company Calendar

Last Earnings
2/14/2024
Ex-Dividend for 3/1 Dividend
2/15/2024
Dividend Payable
3/01/2024
Today
4/22/2024
Next Earnings (Confirmed)
5/07/2024
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
$27.63
High Stock Price Target
$33.00
Low Stock Price Target
$22.00
Potential Upside/Downside
+5.5%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
8 Analysts

Profitability

Net Income
$388.30 million
Pretax Margin
44.81%

Debt

Sales & Book Value

Annual Sales
$1.23 billion
Cash Flow
$3.51 per share
Book Value
$9.18 per share

Miscellaneous

Free Float
201,417,000
Market Cap
$5.25 billion
Optionable
Optionable
Beta
2.05
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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

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

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Magnolia Oil & Gas in the last year. There are currently 1 sell rating, 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MGY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MGY, but not buy additional shares or sell existing shares.
View MGY analyst ratings
or view top-rated stocks.

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

8 brokerages have issued 1-year price targets for Magnolia Oil & Gas' stock. Their MGY share price targets range from $22.00 to $33.00. On average, they expect the company's stock price to reach $27.63 in the next twelve months. This suggests a possible upside of 7.4% 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 2024?

Magnolia Oil & Gas' stock was trading at $21.29 on January 1st, 2024. Since then, MGY shares have increased by 20.8% and is now trading at $25.72.
View the best growth stocks for 2024 here
.

When is Magnolia Oil & Gas' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our MGY earnings forecast
.

How can I listen to Magnolia Oil & Gas' earnings call?

Magnolia Oil & Gas will be holding an earnings conference call on Wednesday, May 8th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Magnolia Oil & Gas' earnings last quarter?

Magnolia Oil & Gas Co. (NYSE:MGY) announced its quarterly earnings data on Wednesday, February, 14th. The company reported $0.50 EPS for the quarter, missing analysts' consensus estimates of $0.54 by $0.04. The company had revenue of $322.63 million for the quarter, compared to analyst estimates of $324.95 million. Magnolia Oil & Gas had a net margin of 31.65% and a trailing twelve-month return on equity of 21.21%.

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, February 5th. Stockholders of record on Friday, February 16th will be given a dividend of $0.13 per share on Friday, March 1st. This represents a $0.52 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Thursday, February 15th. This is an increase from the stock's previous quarterly dividend of $0.12.
Read our dividend analysis for MGY
.

Is Magnolia Oil & Gas a good dividend stock?

Magnolia Oil & Gas (NYSE:MGY) pays an annual dividend of $0.52 per share and currently has a dividend yield of 2.03%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 25.37%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGY will have a dividend payout ratio of 22.61% 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 number of retail and institutional investors. Top institutional shareholders include Wasatch Advisors LP (1.71%), Allspring Global Investments Holdings LLC (1.56%), Raymond James & Associates (0.27%), State of Alaska Department of Revenue (0.06%), Maryland State Retirement & Pension System (0.03%) and Oliver Luxxe Assets LLC (0.02%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:MGY) was last updated on 4/22/2024 by MarketBeat.com Staff

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