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

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Magnolia Oil & Gas in the last twelve months. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MGY shares.
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8 Wall Street analysts have issued twelve-month price targets for Magnolia Oil & Gas' shares. Their MGY share price forecasts range from $24.00 to $39.00. On average, they predict the company's share price to reach $30.38 in the next year. This suggests a possible upside of 21.5% from the stock's current price.
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Magnolia Oil & Gas' stock was trading at $18.87 on January 1st, 2022. Since then, MGY stock has increased by 32.4% and is now trading at $24.99.
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Magnolia Oil & Gas saw a drop in short interest during the month of November. As of November 15th, there was short interest totaling 11,740,000 shares, a drop of 24.8% from the October 31st total of 15,610,000 shares. Based on an average daily volume of 1,790,000 shares, the days-to-cover ratio is presently 6.6 days. Currently, 6.9% of the company's stock are short sold.
View Magnolia Oil & Gas' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
View our MGY earnings forecast.

Magnolia Oil & Gas Co. (NYSE:MGY) announced its quarterly earnings data on Tuesday, November, 1st. The company reported $1.29 EPS for the quarter, beating analysts' consensus estimates of $1.18 by $0.11. The company had revenue of $482.96 million for the quarter, compared to the consensus estimate of $454.87 million. Magnolia Oil & Gas had a trailing twelve-month return on equity of 66.39% and a net margin of 48.42%.

Magnolia Oil & Gas announced a quarterly dividend on Thursday, October 27th. Shareholders of record on Monday, November 7th will be given a dividend of $0.10 per share on Thursday, December 1st. This represents a $0.40 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Friday, November 4th.
Read our dividend analysis for MGY.

Magnolia Oil & Gas (NYSE:MGY) pays an annual dividend of $0.40 per share and currently has a dividend yield of 1.54%. The company does not yet have a strong track record of dividend growth. 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 9.80% 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."

Magnolia Oil & Gas' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (7.55%), Alliancebernstein L.P. (5.08%), BlackRock Inc. (5.06%), State Street Corp (2.93%), Price T Rowe Associates Inc. MD (2.79%) and Macquarie Group Ltd. (2.59%). Insiders that own company stock include James R Larson, John B Walker, John B Walker, Ltd Enervest, Michael G Macdougall, Stephen I Chazen and Stephen I Chazen.
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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 $24.99.

Magnolia Oil & Gas (NYSE:MGY) has a market capitalization of $5.40 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.

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.