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NYSE:MGYMagnolia Oil & Gas Stock Price, Forecast & News

$7.22
+0.98 (+15.71 %)
(As of 06/5/2020 04:00 PM ET)
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Compare
Today's Range
$6.77
Now: $7.22
$7.43
50-Day Range
$3.77
MA: $5.32
$6.47
52-Week Range
$3.23
Now: $7.22
$13.28
Volume2.58 million shs
Average Volume2.31 million shs
Market Capitalization$1.82 billion
P/E RatioN/A
Dividend YieldN/A
Beta2.57
Magnolia Oil & Gas Corporation engages in the business of acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids reserves in the United States. The company has oil and natural gas properties located primarily in Karnes County and the Giddings Field in South Texas primarily comprising the Eagle Ford Shale and the Austin Chalk formation. As of December 31, 2018, its assets consisted of a total leasehold position of 455,964 net acres, including 16,841 net acres with 200 net producing wells in the Karnes County portion of the Eagle Ford Shale; and 439,123 net acres with 846 net producing wells in the Giddings Field of the Austin Chalk. The company is based in Houston, Texas.
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Magnolia Oil & Gas logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.2Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.56 out of 5 stars


Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryN/A
CUSIPN/A
CIKN/A
Phone713-842-9050

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$936.14 million
Cash Flow$2.67 per share
Book Value$10.78 per share

Profitability

Net Income$50.20 million
Net Margins-132.38%

Miscellaneous

Employees27
Market Cap$1.82 billion
Next Earnings Date8/4/2020 (Estimated)
OptionableOptionable

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Magnolia Oil & Gas (NYSE:MGY) Frequently Asked Questions

How has Magnolia Oil & Gas' stock been impacted by COVID-19 (Coronavirus)?

Magnolia Oil & Gas' stock was trading at $4.81 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MGY stock has increased by 50.1% and is now trading at $7.22. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Magnolia Oil & Gas?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magnolia Oil & Gas in the last year. There are currently 7 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Magnolia Oil & Gas.

When is Magnolia Oil & Gas' next earnings date?

Magnolia Oil & Gas is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Magnolia Oil & Gas.

How were Magnolia Oil & Gas' earnings last quarter?

Magnolia Oil & Gas Corp (NYSE:MGY) issued its earnings results on Monday, May, 11th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.07) by $0.04. The firm earned $181.37 million during the quarter, compared to analysts' expectations of $190.42 million. Magnolia Oil & Gas had a positive return on equity of 0.82% and a negative net margin of 132.38%. View Magnolia Oil & Gas' earnings history.

What price target have analysts set for MGY?

13 Wall Street analysts have issued 12 month target prices for Magnolia Oil & Gas' shares. Their forecasts range from $6.00 to $13.00. On average, they anticipate Magnolia Oil & Gas' share price to reach $8.35 in the next twelve months. This suggests a possible upside of 15.7% from the stock's current price. View analysts' price targets for Magnolia Oil & Gas.

Has Magnolia Oil & Gas been receiving favorable news coverage?

News articles about MGY stock have been trending positive recently, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Magnolia Oil & Gas earned a news impact score of 2.7 on InfoTrie's scale. They also gave media stories about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news aboutMagnolia Oil & Gas.

Are investors shorting Magnolia Oil & Gas?

Magnolia Oil & Gas saw a increase in short interest in April. As of April 30th, there was short interest totaling 18,940,000 shares, an increase of 22.0% from the April 15th total of 15,520,000 shares. Based on an average trading volume of 2,340,000 shares, the days-to-cover ratio is presently 8.1 days. Approximately 15.5% of the shares of the stock are sold short. View Magnolia Oil & Gas' Current Options Chain.

Who are some of Magnolia Oil & Gas' key competitors?

What other stocks do shareholders of Magnolia Oil & Gas own?

Who are Magnolia Oil & Gas' key executives?

Magnolia Oil & Gas' management team includes the following people:
  • Mr. Stephen I. Chazen, Pres, CEO & Chairman (Age 72)
  • Mr. Christopher G. Stavros, CFO & Exec. VP (Age 56)
  • Mr. Steve F. Millican, Sr. VP of Operations (Age 43)
  • Mr. Brian Michael Corales CPA, VP of Investor Relations
  • Mr. Timothy D. Yang, Exec. VP, Gen. Counsel & Sec. (Age 47)

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 variety of institutional and retail investors. Top institutional investors include Davis Selected Advisers (4.82%), BlackRock Inc. (3.29%), Wellington Management Group LLP (3.06%), Silvercrest Asset Management Group LLC (2.74%), Victory Capital Management Inc. (1.81%) and Victory Capital Management Inc. (1.81%). Company insiders that own Magnolia Oil & Gas stock include Arcilia Acosta, Christopher G Stavros, James R Larson, John B Walker, Michael G Macdougall, Stephen I Chazen, Timothy D Yang and Valerie Chase. View institutional ownership trends for Magnolia Oil & Gas.

Which major investors are selling Magnolia Oil & Gas stock?

MGY stock was sold by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Russell Investments Group Ltd., Capital World Investors, Wellington Management Group LLP, Federated Hermes Inc., Wildcat Capital Management LLC, Waddell & Reed Financial Inc., and Rothschild & Co. Asset Management US Inc.. View insider buying and selling activity for Magnolia Oil & Gas.

Which major investors are buying Magnolia Oil & Gas stock?

MGY stock was bought by a variety of institutional investors in the last quarter, including Caymus Capital Partners L.P., Massachusetts Financial Services Co. MA, Silvercrest Asset Management Group LLC, BlackRock Inc., Alyeska Investment Group L.P., Grantham Mayo Van Otterloo & Co. LLC, State Street Corp, and Parametric Portfolio Associates LLC. Company insiders that have bought Magnolia Oil & Gas stock in the last two years include Arcilia Acosta, Christopher G Stavros, James R Larson, John B Walker, Stephen I Chazen, Timothy D Yang, and Valerie Chase. View insider buying and selling activity for Magnolia Oil & Gas.

How do I buy shares of Magnolia Oil & Gas?

Shares of MGY can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Magnolia Oil & Gas' stock price today?

One share of MGY stock can currently be purchased for approximately $7.22.

How big of a company is Magnolia Oil & Gas?

Magnolia Oil & Gas has a market capitalization of $1.82 billion and generates $936.14 million in revenue each year. The company earns $50.20 million in net income (profit) each year or $0.30 on an earnings per share basis. Magnolia Oil & Gas employs 27 workers across the globe.

What is Magnolia Oil & Gas' official website?

The official website for Magnolia Oil & Gas is www.magnoliaoilgas.com.

How can I contact Magnolia Oil & Gas?

Magnolia Oil & Gas' mailing address is NINE GREENWAY PLAZA SUITE 1300, HOUSTON TX, 77046. The company can be reached via phone at 713-842-9050 or via email at [email protected]

This page was last updated on 6/5/2020 by MarketBeat.com Staff

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