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S&P 500   4,337.44
DOW   34,006.88
QQQ   359.61
3 Blue Chip Safe Havens to Shield Your Portfolio
The single greatest medical breakthrough of all time? (Ad)
Is Jet Blue's Descent Into Penny Stock Territory an Opportunity?
Are Gene Therapy Stocks The Market's Next Big Winners?
The single greatest medical breakthrough of all time? (Ad)
3 Stocks That Flourish In The Fall
2 Must-Have Silicon Companies That Don't Make Microchips
The single greatest medical breakthrough of all time? (Ad)
Buy The World’s Largest IT Infrastructure Provider For Under $20
Small Caps That Have Priced In A Hard Landing For Big Upside
S&P 500   4,337.44
DOW   34,006.88
QQQ   359.61
3 Blue Chip Safe Havens to Shield Your Portfolio
The single greatest medical breakthrough of all time? (Ad)
Is Jet Blue's Descent Into Penny Stock Territory an Opportunity?
Are Gene Therapy Stocks The Market's Next Big Winners?
The single greatest medical breakthrough of all time? (Ad)
3 Stocks That Flourish In The Fall
2 Must-Have Silicon Companies That Don't Make Microchips
The single greatest medical breakthrough of all time? (Ad)
Buy The World’s Largest IT Infrastructure Provider For Under $20
Small Caps That Have Priced In A Hard Landing For Big Upside
S&P 500   4,337.44
DOW   34,006.88
QQQ   359.61
3 Blue Chip Safe Havens to Shield Your Portfolio
The single greatest medical breakthrough of all time? (Ad)
Is Jet Blue's Descent Into Penny Stock Territory an Opportunity?
Are Gene Therapy Stocks The Market's Next Big Winners?
The single greatest medical breakthrough of all time? (Ad)
3 Stocks That Flourish In The Fall
2 Must-Have Silicon Companies That Don't Make Microchips
The single greatest medical breakthrough of all time? (Ad)
Buy The World’s Largest IT Infrastructure Provider For Under $20
Small Caps That Have Priced In A Hard Landing For Big Upside

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

$22.67
+0.42 (+1.89%)
(As of 09/25/2023 ET)
Compare
Today's Range
$22.20
$22.71
50-Day Range
$20.77
$23.75
52-Week Range
$18.17
$27.57
Volume
1.32 million shs
Average Volume
1.57 million shs
Market Capitalization
$4.75 billion
P/E Ratio
6.53
Dividend Yield
2.03%
Price Target
$27.50

Magnolia Oil & Gas MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
21.3% Upside
$27.50 Price Target
Short Interest
Bearish
8.17% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.43mentions of Magnolia Oil & Gas in the last 14 days
Based on 14 Articles This Week
Insider Trading
Acquiring Shares
$23,520 Bought Last Quarter
Proj. Earnings Growth
15.09%
From $2.12 to $2.44 Per Share

Overall MarketRank

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

2.71 out of 5 stars

Oils/Energy Sector

51st out of 243 stocks

Crude Petroleum & Natural Gas Industry

32nd out of 80 stocks


MGY stock logo

About Magnolia Oil & Gas (NYSE:MGY) Stock

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 Price History

MGY Stock News Headlines

Analysts Set Magnolia Oil & Gas Co. (NYSE:MGY) Target Price at $27.50
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Magnolia Oil & Gas (MGY) Receives a Rating Update from a Top Analyst
Q2 2023 Magnolia Oil & Gas Corp Earnings Call
Magnolia Oil & Gas's Earnings Outlook
See More Headlines
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MGY Company Calendar

Last Earnings
8/01/2023
Ex-Dividend for 9/1 Dividend
8/09/2023
Dividend Payable
9/01/2023
Today
9/26/2023
Next Earnings (Estimated)
11/07/2023
Fiscal Year End
12/31/2023

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 Forecast
$27.50
High Stock Price Forecast
$30.00
Low Stock Price Forecast
$22.00
Forecasted Upside/Downside
+21.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
6 Analysts

Profitability

Net Income
$893.84 million
Pretax Margin
53.36%

Debt

Sales & Book Value

Annual Sales
$1.69 billion
Cash Flow
$5.11 per share
Book Value
$8.14 per share

Miscellaneous

Free Float
207,213,000
Market Cap
$4.75 billion
Optionable
Optionable
Beta
2.11
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Key Executives

  • Mr. Christopher G. Stavros (Age 60)
    Pres, CEO & Director
    Comp: $1.66M
  • Mr. Brian Michael Corales CPA (Age 43)
    Sr. VP, CFO and Principal Accounting & Financial Officer
    Comp: $708.74k
  • Mr. Steve F. Millican (Age 47)
    Sr. VP of Operations
    Comp: $792.84k
  • Mr. Timothy D. Yang (Age 51)
    Exec. VP, Gen. Counsel, Corp. Sec. & Land
    Comp: $1.17M
  • Jim Johnson
    VP of Fin., IR & Treasurer













MGY Stock - Frequently Asked Questions

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

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magnolia Oil & Gas in the last year. There are currently 1 hold rating and 5 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 forecast for 2023?

6 brokers have issued 12-month price objectives for Magnolia Oil & Gas' stock. Their MGY share price forecasts range from $22.00 to $30.00. On average, they anticipate the company's share price to reach $27.50 in the next twelve months. This suggests a possible upside of 21.3% 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 shares have decreased by 3.3% and is now trading at $22.67.
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, November 7th 2023.
View our MGY earnings forecast
.

How were Magnolia Oil & Gas' earnings last quarter?

Magnolia Oil & Gas Co. (NYSE:MGY) issued its quarterly earnings data on Tuesday, August, 1st. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. The business had revenue of $280.29 million for the quarter, compared to the consensus estimate of $291.74 million. Magnolia Oil & Gas had a net margin of 46.81% and a trailing twelve-month return on equity of 35.63%.

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

Magnolia Oil & Gas announced a quarterly dividend on Monday, July 31st. Stockholders of record on Thursday, August 10th will be paid a dividend of $0.115 per share on Friday, September 1st. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend is Wednesday, August 9th.
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 2.07%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 13.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGY will have a dividend payout ratio of 18.85% 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

What is Magnolia Oil & Gas' stock symbol?

Magnolia Oil & Gas trades on the New York Stock Exchange (NYSE) under the ticker symbol "MGY."

Who are Magnolia Oil & Gas' major shareholders?

Magnolia Oil & Gas' stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (7.58%), Alliancebernstein L.P. (3.23%), State Street Corp (3.05%), Victory Capital Management Inc. (2.86%), Silvercrest Asset Management Group LLC (2.16%) and Geode Capital Management LLC (1.60%). Insiders that own company stock include James R Larson, John B Walker, John B Walker, Ltd Enervest, Stephen I Chazen 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.

What is Magnolia Oil & Gas' stock price today?

One share of MGY stock can currently be purchased for approximately $22.67.

How much money does Magnolia Oil & Gas make?

Magnolia Oil & Gas (NYSE:MGY) has a market capitalization of $4.75 billion and generates $1.69 billion in revenue each year. The company earns $893.84 million in net income (profit) each year or $3.47 on an earnings per share basis.

How many employees does Magnolia Oil & Gas have?

The company employs 213 workers across the globe.

How can I contact Magnolia Oil & Gas?

Magnolia Oil & Gas' mailing address is NINE GREENWAY PLAZA SUITE 1300, HOUSTON TX, 77046. The official website for the company is www.magnoliaoilgas.com. The company can be reached via phone at (713) 842-9050 or via email at bcorales@mgyoil.com.

This page (NYSE:MGY) was last updated on 9/26/2023 by MarketBeat.com Staff

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