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 ETFs hold Magnolia Oil & Gas' stock?

ETFs with the largest weight of Magnolia Oil & Gas (NYSE:MGY) stock in their portfolio include Invesco Energy Exploration & Production ETF (PXE) , First Trust NASDAQ Rising Dividend Achievers (RDVY) , FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI) , First Trust Natural Gas ETF (FCG) , SPDR S&P Oil & Gas Exploration & Production ETF (XOP) , Invesco Dorsey Wright Energy Momentum ETF (PXI) , Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (GUSH) and Distillate Small/Mid Cash Flow ETF (DSMC) .

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 .

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

2.3

Analyst's Opinion

Consensus Rating
Magnolia Oil & Gas has received a consensus rating of Moderate Buy. The company's average rating score is 2.57, and is based on 4 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $26.67, Magnolia Oil & Gas has a forecasted upside of 21.7% from its current price of $21.92.
Amount of Analyst Coverage
Magnolia Oil & Gas has only been the subject of 4 research reports in the past 90 days.

0.0

Short Interest

Percentage of Shares Shorted
8.81% of the outstanding shares of Magnolia Oil & Gas have been sold short.
Short Interest Ratio / Days to Cover
Magnolia Oil & Gas has a short interest ratio ("days to cover") of 10, which indicates bearish sentiment.
Change versus previous month
Short interest in Magnolia Oil & Gas has recently increased by 4.70%, indicating that investor sentiment is decreasing.

2.5

Dividend Strength

Dividend Yield
Magnolia Oil & Gas pays a meaningful dividend of 2.15%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Magnolia Oil & Gas has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Magnolia Oil & Gas is 16.91%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Magnolia Oil & Gas will have a dividend payout ratio of 17.62% next year. This indicates that Magnolia Oil & Gas will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MGY.

3.0

News and Social Media Coverage

News Sentiment
Magnolia Oil & Gas has a news sentiment score of 1.37. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.61 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Magnolia Oil & Gas this week, compared to 3 articles on an average week.
Search Interest
Only 2 people have searched for MGY on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.
MarketBeat Follows
2 people have added Magnolia Oil & Gas to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Magnolia Oil & Gas insiders have bought more of their company's stock than they have sold. Specifically, they have bought $23,520.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 1.20% of the stock of Magnolia Oil & Gas is held by insiders.
Percentage Held by Institutions
94.73% of the stock of Magnolia Oil & Gas is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Magnolia Oil & Gas are expected to grow by 19.72% in the coming year, from $2.18 to $2.61 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Magnolia Oil & Gas is 8.06, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 114.50.
Price to Earnings Ratio vs. Sector
The P/E ratio of Magnolia Oil & Gas is 8.06, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 15.24.
Price to Book Value per Share Ratio
Magnolia Oil & Gas has a P/B Ratio of 2.69. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

MGY Stock News Headlines

November 23, 2023 | finance.yahoo.com

Magnolia Oil & Gas Corporation's (NYSE:MGY) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?

November 19, 2023 | americanbankingnews.com

Wells Fargo & Company Begins Coverage on Magnolia Oil & Gas (NYSE:MGY)

November 28, 2023 | Edge On The Street (Ad)

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November 17, 2023 | seekingalpha.com

Magnolia Oil & Gas Continues To Grow Production With A Low Reinvestment Rate

November 7, 2023 | finance.yahoo.com

Magnolia (MGY) Q3 Earnings Beat Estimates, Revenues In Line

November 3, 2023 | finance.yahoo.com

Magnolia Oil & Gas Corporation (NYSE:MGY) Q3 2023 Earnings Call Transcript

November 3, 2023 | benzinga.com

Tuesday Is Your Last Chance To Buy Magnolia Oil & Gas Before The Dividend Payout

November 3, 2023 | finance.yahoo.com

Q3 2023 Magnolia Oil & Gas Corp Earnings Call

November 28, 2023 | Edge On The Street (Ad)

Americans Now Favor Gold Over Stocks as an Investment Vehicle

November 3, 2023 | finance.yahoo.com

Magnolia Oil & Gas Corporation (NYSE:MGY) Looks Interesting, And It's About To Pay A Dividend

November 2, 2023 | seekingalpha.com

Magnolia Oil & Gas Corporation 2023 Q3 - Results - Earnings Call Presentation

November 1, 2023 | marketwatch.com

Magnolia Oil & Gas Sees 2023 Organic Production Growth -- Energy Comment

November 1, 2023 | finance.yahoo.com

Here's What Key Metrics Tell Us About Magnolia Oil & Gas Corp (MGY) Q3 Earnings

November 1, 2023 | finance.yahoo.com

Magnolia Oil & Gas Corp (MGY) Reports Q3 2023 Earnings: Net Income Drops by 59%

November 1, 2023 | finance.yahoo.com

Magnolia Oil & Gas Corporation Announces Third Quarter 2023 Results

October 31, 2023 | benzinga.com

A Preview Of Magnolia Oil & Gas's Earnings

October 30, 2023 | msn.com

Magnolia Oil & Gas declares $0.115 dividend

October 25, 2023 | finance.yahoo.com

Magnolia Oil & Gas Corp (MGY) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release

October 4, 2023 | finance.yahoo.com

Magnolia Oil & Gas Schedules Conference Call for Third Quarter 2023 Results

September 14, 2023 | markets.businessinsider.com

Analysts Offer Insights on NA Companies: Magnolia Oil & Gas (MGY) and Dragonfly Energy Holdings Corp (DFLI)

September 14, 2023 | finance.yahoo.com

Director James Larson Buys 1,000 Shares of Magnolia Oil & Gas Corp

September 8, 2023 | msn.com

Mizuho Maintains Magnolia Oil & Gas Corp - (MGY) Neutral Recommendation

September 6, 2023 | finance.yahoo.com

Magnolia Oil & Gas to acquire more Giddings Field assets with $300M acquisition

September 6, 2023 | finance.yahoo.com

Magnolia Oil & Gas (MGY) to Acquire Giddings Assets for $300M

September 5, 2023 | msn.com

Magnolia Oil & Gas Announces Rare Producing Acreage Bolt On In Giddings

September 5, 2023 | finance.yahoo.com

Magnolia Oil & Gas Announces Bolt-On Asset Acquisition in Giddings

September 3, 2023 | msn.com

Magnolia Oil & Gas: Increased Value After Positive Guidance Revisions

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

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Crude petroleum & natural gas
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: NYSE:MGY
CUSIP: N/A
CIK: 1698990
Web: www.magnoliaoilgas.com
Phone: (713) 842-9050
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

EPS (Most Recent Fiscal Year): $2.72
Trailing P/E Ratio: 7.96
Forward P/E Ratio: 9.93
P/E Growth: N/A
Net Income: $893.84 million
Net Margins: 41.62%
Pretax Margin: 47.91%
Return on Equity: 25.75%
Return on Assets: 17.79%

Debt

Debt-to-Equity Ratio: 0.21
Current Ratio: 2.65
Quick Ratio: 2.65

Sales & Book Value

Annual Sales: $1.69 billion
Price / Sales: 2.65
Cash Flow: $5.01 per share
Price / Cash Flow: 4.32
Book Value: $8.14 per share
Price / Book: 2.66

Miscellaneous

Outstanding Shares: 207,050,000
Free Float: 204,565,000
Market Cap: $4.48 billion
Optionable: Optionable
Beta: 2.06

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Get This Free Report

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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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 ETFs hold Magnolia Oil & Gas' stock?: ETFs with the largest weight of Magnolia Oil & Gas (NYSE:MGY) stock in their portfolio include Invesco Energy Exploration & Production ETF (PXE), First Trust NASDAQ Rising Dividend Achievers (RDVY), FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI), First Trust Natural Gas ETF (FCG), SPDR S&P Oil & Gas Exploration & Production ETF (XOP), Invesco Dorsey Wright Energy Momentum ETF (PXI), Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (GUSH) and Distillate Small/Mid Cash Flow ETF (DSMC).
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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Magnolia Oil & Gas Stock Price, News & Analysis (NYSE:MGY)

Magnolia Oil & Gas MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Magnolia Oil & Gas Stock (NYSE:MGY)

MGY Stock Price History

MGY Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

MGY Stock Analysis - Frequently Asked Questions

Overall MarketRank^™