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

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magnolia Oil & Gas in the last twelve months. There are currently 4 hold ratings and 6 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.

10 equities research analysts have issued 12 month price targets for Magnolia Oil & Gas' shares. Their MGY share price forecasts range from $21.00 to $39.00. On average, they predict the company's share price to reach $28.56 in the next year. This suggests a possible upside of 32.6% from the stock's current price.
View analysts price targets for MGY or view top-rated stocks among Wall Street analysts.

Magnolia Oil & Gas' stock was trading at $18.87 at the start of the year. Since then, MGY shares have increased by 14.1% and is now trading at $21.53.
View the best growth stocks for 2022 here.

Magnolia Oil & Gas saw a decline in short interest during the month of September. As of September 15th, there was short interest totaling 15,210,000 shares, a decline of 5.6% from the August 31st total of 16,120,000 shares. Based on an average daily trading volume, of 1,790,000 shares, the short-interest ratio is presently 8.5 days. Approximately 9.1% of the company's shares are sold short.
View Magnolia Oil & Gas' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, November 7th 2022.
View our MGY earnings forecast.

Magnolia Oil & Gas Co. (NYSE:MGY) posted its earnings results on Tuesday, August, 2nd. The company reported $1.10 EPS for the quarter, missing analysts' consensus estimates of $1.18 by $0.08. The firm earned $484.65 million during the quarter, compared to the consensus estimate of $459.13 million. Magnolia Oil & Gas had a trailing twelve-month return on equity of 63.23% and a net margin of 46.42%.

Magnolia Oil & Gas announced a quarterly dividend on Wednesday, August 3rd. Investors of record on Friday, August 12th will be paid a dividend of $0.10 per share on Thursday, September 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend is Thursday, August 11th.
Read our dividend analysis for MGY.

Magnolia Oil & Gas (NYSE:MGY) pays an annual dividend of $0.20 per share and currently has a dividend yield of 1.01%. The dividend payout ratio is 5.39%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGY will have a dividend payout ratio of 4.20% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MGY.

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

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

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.
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One share of MGY stock can currently be purchased for approximately $21.53.

Magnolia Oil & Gas (NYSE:MGY) has a market capitalization of $4.68 billion and generates $1.08 billion in revenue each year. The company earns $417.28 million in net income (profit) each year or $3.71 on an earnings per share basis.

The company employs 192 workers across the globe.

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.