QQQ   444.02 (-0.36%)
AAPL   175.10 (-2.54%)
MSFT   414.92 (-0.14%)
META   498.19 (-0.82%)
GOOGL   133.35 (-2.76%)
AMZN   177.58 (-0.36%)
TSLA   188.14 (-7.16%)
NVDA   852.37 (+3.60%)
NIO   5.35 (-7.44%)
AMD   205.36 (+1.34%)
BABA   72.00 (-3.51%)
T   16.80 (-1.06%)
F   12.74 (+2.33%)
MU   95.77 (+0.65%)
CGC   3.02 (-5.92%)
GE   161.04 (+1.51%)
DIS   113.69 (+1.55%)
AMC   4.32 (-0.92%)
PFE   25.89 (-2.63%)
PYPL   59.98 (-0.93%)
XOM   104.36 (-1.40%)
QQQ   444.02 (-0.36%)
AAPL   175.10 (-2.54%)
MSFT   414.92 (-0.14%)
META   498.19 (-0.82%)
GOOGL   133.35 (-2.76%)
AMZN   177.58 (-0.36%)
TSLA   188.14 (-7.16%)
NVDA   852.37 (+3.60%)
NIO   5.35 (-7.44%)
AMD   205.36 (+1.34%)
BABA   72.00 (-3.51%)
T   16.80 (-1.06%)
F   12.74 (+2.33%)
MU   95.77 (+0.65%)
CGC   3.02 (-5.92%)
GE   161.04 (+1.51%)
DIS   113.69 (+1.55%)
AMC   4.32 (-0.92%)
PFE   25.89 (-2.63%)
PYPL   59.98 (-0.93%)
XOM   104.36 (-1.40%)
QQQ   444.02 (-0.36%)
AAPL   175.10 (-2.54%)
MSFT   414.92 (-0.14%)
META   498.19 (-0.82%)
GOOGL   133.35 (-2.76%)
AMZN   177.58 (-0.36%)
TSLA   188.14 (-7.16%)
NVDA   852.37 (+3.60%)
NIO   5.35 (-7.44%)
AMD   205.36 (+1.34%)
BABA   72.00 (-3.51%)
T   16.80 (-1.06%)
F   12.74 (+2.33%)
MU   95.77 (+0.65%)
CGC   3.02 (-5.92%)
GE   161.04 (+1.51%)
DIS   113.69 (+1.55%)
AMC   4.32 (-0.92%)
PFE   25.89 (-2.63%)
PYPL   59.98 (-0.93%)
XOM   104.36 (-1.40%)
QQQ   444.02 (-0.36%)
AAPL   175.10 (-2.54%)
MSFT   414.92 (-0.14%)
META   498.19 (-0.82%)
GOOGL   133.35 (-2.76%)
AMZN   177.58 (-0.36%)
TSLA   188.14 (-7.16%)
NVDA   852.37 (+3.60%)
NIO   5.35 (-7.44%)
AMD   205.36 (+1.34%)
BABA   72.00 (-3.51%)
T   16.80 (-1.06%)
F   12.74 (+2.33%)
MU   95.77 (+0.65%)
CGC   3.02 (-5.92%)
GE   161.04 (+1.51%)
DIS   113.69 (+1.55%)
AMC   4.32 (-0.92%)
PFE   25.89 (-2.63%)
PYPL   59.98 (-0.93%)
XOM   104.36 (-1.40%)
NYSE:MGY

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

$23.26
+0.26 (+1.13%)
(As of 03/4/2024 ET)
Today's Range
$23.14
$23.92
50-Day Range
$19.59
$23.00
52-Week Range
$18.72
$24.02
Volume
9.06 million shs
Average Volume
2.70 million shs
Market Capitalization
$4.75 billion
P/E Ratio
11.35
Dividend Yield
2.24%
Price Target
$25.00

Magnolia Oil & Gas MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
7.5% Upside
$25.00 Price Target
Short Interest
Bearish
16.15% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.05mentions of Magnolia Oil & Gas in the last 14 days
Based on 18 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
9.57%
From $2.09 to $2.29 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.

2.25 out of 5 stars

Oils/Energy Sector

169th out of 237 stocks

Crude Petroleum & Natural Gas Industry

61st 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

This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Magnolia Oil & Gas (NYSE:MGY) Coverage Initiated at Bank of America
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Magnolia Oil & Gas Corp.
Magnolia (MGY) Q4 Earnings and Revenues Miss Estimates
Magnolia Oil & Gas: Q4 Earnings Insights
Magnolia Oil & Gas's Earnings: A Preview
Magnolia Oil & Gas Q4 2023 Earnings Preview
Magnolia Appoints David Khani to Board
See More Headlines
Receive MGY Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Magnolia Oil & Gas and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
11/01/2023
Ex-Dividend for 3/1 Dividend
2/15/2024
Dividend Payable
3/01/2024
Today
3/04/2024
Next Earnings (Estimated)
5/01/2024
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
$25.00
High Stock Price Target
$33.00
Low Stock Price Target
$18.00
Potential Upside/Downside
+7.5%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
6 Analysts

Profitability

Net Income
$388.30 million
Pretax Margin
44.81%

Debt

Sales & Book Value

Annual Sales
$1.23 billion
Cash Flow
$3.53 per share
Book Value
$9.18 per share

Miscellaneous

Free Float
201,826,000
Market Cap
$4.75 billion
Optionable
Optionable
Beta
2.03
A Guide To High-Short-Interest Stocks Cover

MarketBeat's analysts have just released their top five short plays for March 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.

Get This Free Report














MGY Stock Analysis - Frequently Asked Questions

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

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Magnolia Oil & Gas in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 3 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?

6 analysts have issued 12-month price objectives for Magnolia Oil & Gas' stock. Their MGY share price targets range from $18.00 to $33.00. On average, they expect the company's stock price to reach $25.00 in the next year. This suggests a possible upside of 7.5% 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 at the beginning of the year. Since then, MGY stock has increased by 9.3% and is now trading at $23.26.
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 Wednesday, May 1st 2024.
View our MGY earnings forecast
.

How were Magnolia Oil & Gas' earnings last quarter?

Magnolia Oil & Gas Co. (NYSE:MGY) released its earnings results on Wednesday, November, 1st. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.01. The business earned $315.68 million during the quarter, compared to the consensus estimate of $318.30 million. Magnolia Oil & Gas had a trailing twelve-month return on equity of 21.21% and a net margin of 31.65%. Magnolia Oil & Gas's revenue for the quarter was down 34.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.29 earnings per share.

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. Shareholders 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 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend is Thursday, February 15th. This is a positive change 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 2.26%. 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 22.71% 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 institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.60%), First Trust Advisors LP (4.89%), Victory Capital Management Inc. (2.98%), GW&K Investment Management LLC (1.81%), Wasatch Advisors LP (1.78%) and Dimensional Fund Advisors LP (1.69%). 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 3/4/2024 by MarketBeat.com Staff