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

$20.68
-0.64 (-3.00%)
(As of 03/22/2023 12:00 AM ET)
Add
Compare
Today's Range
$20.64
$21.63
50-Day Range
$19.34
$24.05
52-Week Range
$18.01
$30.31
Volume
2.69 million shs
Average Volume
2.12 million shs
Market Capitalization
$4.42 billion
P/E Ratio
4.39
Dividend Yield
2.22%
Price Target
$30.67

Magnolia Oil & Gas MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.90 Rating Score
Upside/​Downside
48.3% Upside
$30.67 Price Target
Short Interest
Bearish
7.24% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.56mentions of Magnolia Oil & Gas in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
2.90%
From $2.76 to $2.84 Per Share

Overall MarketRank

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

2.36 out of 5 stars

Oils/Energy Sector

115th out of 243 stocks

Crude Petroleum & Natural Gas Industry

49th out of 79 stocks


MGY stock logo

About Magnolia Oil & Gas (NYSE:MGY) Stock

Magnolia Oil & Gas Corp. engages in the acquisition, development, exploration, and production of oil and natural gas properties. It operates assets located in the Eagle Ford Shale and Austin Chalk formations in South Texas. The company was founded on February 14, 2017 and is headquartered in Houston, TX.

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MGY Stock News Headlines

Banking Nightmare
During and after the Great Financial Crisis of 2008, 485 U.S. banks went under. Here at Weiss Ratings, we warned about 484 — an accuracy rate of 99.8%. Now, we have a new warning. But this time, it's not just about a few hundred banks … it's about nearly every single bank in America …
Banking Nightmare
During and after the Great Financial Crisis of 2008, 485 U.S. banks went under. Here at Weiss Ratings, we warned about 484 — an accuracy rate of 99.8%. Now, we have a new warning. But this time, it's not just about a few hundred banks … it's about nearly every single bank in America …
Magnolia Oil & Gas: Outstanding Performance In Q3 2022
MAGNOLIA OIL & GAS CORPORATION
See More Headlines
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MGY Company Calendar

Ex-Dividend for 3/1 Dividend
2/09/2023
Last Earnings
2/14/2023
Dividend Payable
3/01/2023
Today
3/22/2023
Next Earnings (Estimated)
5/08/2023
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
$30.67
High Stock Price Forecast
$39.00
Low Stock Price Forecast
$26.00
Forecasted Upside/Downside
+43.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.90
Research Coverage
10 Analysts

Profitability

Net Income
$893.84 million
Pretax Margin
62.37%

Debt

Sales & Book Value

Annual Sales
$1.69 billion
Cash Flow
$5.44 per share
Book Value
$8.14 per share

Miscellaneous

Free Float
203,623,000
Market Cap
$4.56 billion
Optionable
Optionable
Beta
2.14

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?

10 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 9 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?

10 equities research analysts have issued 12-month price objectives for Magnolia Oil & Gas' shares. Their MGY share price forecasts range from $26.00 to $39.00. On average, they anticipate the company's share price to reach $30.67 in the next twelve months. This suggests a possible upside of 43.9% 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 shares have decreased by 9.1% and is now trading at $21.31.
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 Monday, May 8th 2023.
View our MGY earnings forecast
.

How were Magnolia Oil & Gas' earnings last quarter?

Magnolia Oil & Gas Co. (NYSE:MGY) announced its quarterly earnings results on Tuesday, February, 14th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.76 by $0.10. The firm earned $349.04 million during the quarter, compared to analysts' expectations of $351.53 million. Magnolia Oil & Gas had a trailing twelve-month return on equity of 59.22% and a net margin of 52.75%.

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 Tuesday, January 31st. Investors of record on Friday, February 10th will be given 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 2.16%. The ex-dividend date is Thursday, February 9th. This is a boost 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 $0.46 per share and currently has a dividend yield of 2.34%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 9.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGY will have a dividend payout ratio of 16.20% 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 Norwegian Cruise Line (NCLH).

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 many different institutional and retail investors. Top institutional investors include T. Rowe Price Investment Management Inc. (7.27%), Alliancebernstein L.P. (4.89%), Macquarie Group Ltd. (2.84%), Price T Rowe Associates Inc. MD (2.83%), Silvercrest Asset Management Group LLC (2.25%) and Victory Capital Management Inc. (2.27%). Insiders that own company stock include 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 $21.31.

How much money does Magnolia Oil & Gas make?

Magnolia Oil & Gas (NYSE:MGY) has a market capitalization of $4.56 billion and generates $1.69 billion in revenue each year. The company earns $893.84 million in net income (profit) each year or $4.71 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 3/22/2023 by MarketBeat.com Staff