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S&P 500   3,852.36
DOW   32,920.46
QQQ   300.92
15 Ways to Improve Your Credit
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
These 2 Healthcare Stocks Have Doubled in 2023
Pfizer Stock: What the Bulls and Bears are Getting Wrong
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Bed Bath & Beyond Is Circling the Drain
Allegro Microsystems Is A Well-Positioned Semiconductor Stock
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
AMD Results Are No Reason To Buy Semiconductors... Yet
Institutions are Buying up Procter & Gamble Shares, Should you?
S&P 500   3,852.36
DOW   32,920.46
QQQ   300.92
15 Ways to Improve Your Credit
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
These 2 Healthcare Stocks Have Doubled in 2023
Pfizer Stock: What the Bulls and Bears are Getting Wrong
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Bed Bath & Beyond Is Circling the Drain
Allegro Microsystems Is A Well-Positioned Semiconductor Stock
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
AMD Results Are No Reason To Buy Semiconductors... Yet
Institutions are Buying up Procter & Gamble Shares, Should you?
S&P 500   3,852.36
DOW   32,920.46
QQQ   300.92
15 Ways to Improve Your Credit
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
These 2 Healthcare Stocks Have Doubled in 2023
Pfizer Stock: What the Bulls and Bears are Getting Wrong
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Bed Bath & Beyond Is Circling the Drain
Allegro Microsystems Is A Well-Positioned Semiconductor Stock
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
AMD Results Are No Reason To Buy Semiconductors... Yet
Institutions are Buying up Procter & Gamble Shares, Should you?
NYSE:MGY

Magnolia Oil & Gas - MGY Stock Forecast, Price & News

$23.01
-0.60 (-2.54%)
(As of 02/1/2023 12:00 AM ET)
Add
Compare
Today's Range
$22.31
$23.56
50-Day Range
$22.02
$26.08
52-Week Range
$18.01
$30.31
Volume
1.60 million shs
Average Volume
1.71 million shs
Market Capitalization
$4.97 billion
P/E Ratio
5.31
Dividend Yield
1.69%
Price Target
$31.25

Magnolia Oil & Gas MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.88 Rating Score
Upside/​Downside
35.8% Upside
$31.25 Price Target
Short Interest
Bearish
7.24% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.33mentions of Magnolia Oil & Gas in the last 14 days
Based on 15 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-28.89%
From $4.43 to $3.15 Per Share

Overall MarketRank

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

2.38 out of 5 stars

Oils/Energy Sector

84th out of 247 stocks

Crude Petroleum & Natural Gas Industry

40th out of 76 stocks


MGY stock logo

About Magnolia Oil & Gas (NYSE:MGY) Stock

Magnolia Oil & Gas Corp. engages in oil and gas exploration and production business. It operates assets located in the Eagle Ford Shale and Austin Chalk formations in South Texas. The company was founded on July 31, 2018 and is headquartered in Houston, TX.

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MGY Stock News Headlines

Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
Magnolia Oil & Gas: Outstanding Performance In Q3 2022
MAGNOLIA OIL & GAS CORPORATION
Earnings Outlook For Magnolia Oil & Gas
Magnolia Oil & Gas Announces Quarterly Dividend
J.P. Morgan Keeps Their Hold Rating on Magnolia Oil & Gas (MGY)
See More Headlines
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MGY Company Calendar

Last Earnings
10/31/2021
Ex-Dividend for 12/1 Dividend
11/04/2022
Dividend Payable
12/01/2022
Today
2/01/2023
Ex-Dividend for 3/1 Dividend
2/09/2023
Next Earnings (Confirmed)
2/14/2023
Dividend Payable
3/01/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Fax
N/A
Employees
192
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$31.25
High Stock Price Forecast
$39.00
Low Stock Price Forecast
$26.00
Forecasted Upside/Downside
+35.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.88
Research Coverage
8 Analysts

Profitability

Net Income
$417.28 million
Pretax Margin
62.91%

Debt

Sales & Book Value

Annual Sales
$1.08 billion
Cash Flow
$2.69 per share
Book Value
$4.57 per share

Miscellaneous

Free Float
205,821,000
Market Cap
$4.97 billion
Optionable
Optionable
Beta
2.12

Key Executives

  • Christopher G. Stavros
    President, Chief Executive Officer & Director
  • Steve F. Millican
    Senior Vice President-Operations
  • Brian Corales
    Senior VP, Chief Financial & Accounting Officer
  • Timothy D. Yang
    Secretary, Executive VP-Land & General Counsel













MGY Stock - Frequently Asked Questions

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

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magnolia Oil & Gas in the last twelve months. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MGY shares.
View MGY analyst ratings
or view top-rated stocks.

What is Magnolia Oil & Gas' stock price forecast for 2023?

8 Wall Street research analysts have issued 12-month target prices for Magnolia Oil & Gas' stock. Their MGY share price forecasts range from $26.00 to $39.00. On average, they expect the company's share price to reach $31.25 in the next year. This suggests a possible upside of 35.8% 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 start of the year. Since then, MGY shares have decreased by 1.9% and is now trading at $23.01.
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 14th 2023.
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, February 15th 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 results on Sunday, October, 31st. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.61 by $0.06. The business earned $283.58 million during the quarter, compared to the consensus estimate of $278.35 million. Magnolia Oil & Gas had a net margin of 48.42% and a trailing twelve-month return on equity of 66.39%. The company's revenue was up 134.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.06 earnings per share.

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 Wednesday, February 1st. Investors of record on Friday, February 10th will be paid a dividend of $0.115 per share on Wednesday, March 1st. This represents a $0.46 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Thursday, February 9th. This is an increase from the stock's previous quarterly dividend of $0.10.
Read our dividend analysis for MGY
.

Is Magnolia Oil & Gas a good dividend stock?

Magnolia Oil & Gas (NYSE:MGY) pays an annual dividend of $0.40 per share and currently has a dividend yield of 1.74%. The dividend payout ratio is 9.24%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGY will have a dividend payout ratio of 12.70% 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 a number of retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (1.41%), Stephens Investment Management Group LLC (1.30%), Wedge Capital Management L L P NC (0.34%), Hallmark Capital Management Inc. (0.34%), Ziegler Capital Management LLC (0.23%) and Hunter Perkins Capital Management LLC (0.16%). 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 $23.01.

How much money does Magnolia Oil & Gas make?

Magnolia Oil & Gas (NYSE:MGY) has a market capitalization of $4.97 billion and generates $1.08 billion in revenue each year. The company earns $417.28 million in net income (profit) each year or $4.33 on an earnings per share basis.

How many employees does Magnolia Oil & Gas have?

The company employs 192 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 2/2/2023 by MarketBeat.com Staff