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NYSE:MGY

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

$25.33
+0.34 (+1.36%)
(As of 11/29/2022 04:34 PM ET)
Add
Compare
Today's Range
$25.14
$25.73
50-Day Range
$18.31
$27.50
52-Week Range
$17.23
$30.31
Volume
1.34 million shs
Average Volume
1.92 million shs
Market Capitalization
$5.48 billion
P/E Ratio
5.85
Dividend Yield
1.60%
Price Target
$30.38

Magnolia Oil & Gas MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
19.9% Upside
$30.38 Price Target
Short Interest
Healthy
6.93% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.83mentions of Magnolia Oil & Gas in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-13.19%
From $4.70 to $4.08 Per Share

Overall MarketRank

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

2.16 out of 5 stars

Oils/Energy Sector

144th out of 248 stocks

Crude Petroleum & Natural Gas Industry

58th out of 80 stocks

MGY stock logo

About Magnolia Oil & Gas (NYSE:MGY) Stock

Magnolia Oil & Gas Corporation engages in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids reserves in the United States. Its properties are located primarily in Karnes County and the Giddings Field in South Texas principally comprising the Eagle Ford Shale and the Austin Chalk formation. As of December 31, 2021, the company's assets consisted of a total leasehold position of 4,71,263 net acres, including 23,785 net acres in Karnes and 4,47,478 net acres in the Giddings area, as well as holds 1,292 net wells with a total production capacity of 66.0 thousand barrels of oil equivalent per day. The company was incorporated in 2017 and is headquartered in Houston, Texas.

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MGY Stock News Headlines

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)
MGY Magnolia Oil & Gas Corporation
Stephen Chazen, Former Occidental CEO, Dies at 76
Magnolia Oil & Gas names Stavros as new President/CEO
4 Analysts Have This to Say About Magnolia Oil & Gas
What 4 Analyst Ratings Have To Say About Magnolia Oil & Gas
See More Headlines
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MGY Company Calendar

Ex-Dividend for 9/1 Dividend
8/11/2022
Dividend Payable
9/01/2022
Last Earnings
11/01/2022
Ex-Dividend for 12/1 Dividend
11/04/2022
Today
11/29/2022
Dividend Payable
12/01/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/15/2023

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
$30.38
High Stock Price Forecast
$39.00
Low Stock Price Forecast
$24.00
Forecasted Upside/Downside
+19.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
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
$2.70 per share
Book Value
$4.57 per share

Miscellaneous

Free Float
205,821,000
Market Cap
$5.48 billion
Optionable
Optionable
Beta
2.15

Key Executives

  • Mr. Christopher G. Stavros (Age 59)
    CEO, CFO, Pres & Director
    Comp: $1.21M
  • Mr. Steve F. Millican (Age 46)
    Sr. VP of Operations
    Comp: $741.89k
  • Mr. Timothy D. Yang (Age 50)
    Exec. VP, Gen. Counsel & Corp. Sec.
    Comp: $1.05M
  • Mr. Brian Michael Corales CPA
    VP of Investor Relations













MGY Stock - Frequently Asked Questions

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

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.
View MGY analyst ratings
or view top-rated stocks.

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

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.
View analysts price targets for MGY
or view top-rated stocks among Wall Street analysts.

How have MGY shares performed in 2022?

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.
View the best growth stocks for 2022 here
.

Are investors shorting Magnolia Oil & Gas?

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
.

When is Magnolia Oil & Gas' next earnings date?

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

How were Magnolia Oil & Gas' earnings last quarter?

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%.

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 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
.

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 1.54%. 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.

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 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.
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 $24.99.

How much money does Magnolia Oil & Gas make?

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.

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 11/29/2022 by MarketBeat.com Staff