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

$3.97
+0.36 (+9.97 %)
(As of 04/3/2020 06:00 AM ET)
Today's Range
$3.61
Now: $3.97
$4.45
50-Day Range
$3.38
MA: $6.39
$9.66
52-Week Range
$3.23
Now: $3.97
$14.13
Volume2.24 million shs
Average Volume2.05 million shs
Market Capitalization$1.00 billion
P/E Ratio13.23
Dividend YieldN/A
Beta2.14
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

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$936.14 million
Cash Flow$2.32 per share
Book Value$10.78 per share

Profitability

Net Income$50.20 million

Miscellaneous

Employees27
Market Cap$1.00 billion
Next Earnings Date5/4/2020 (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. Since then, MGY shares have decreased by 17.5% and is now trading at $3.97. View which stocks have been mosted impacted by Coronavirus.

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

12 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 5 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 Monday, May 4th 2020. View our earnings forecast for Magnolia Oil & Gas.

How were Magnolia Oil & Gas' earnings last quarter?

Magnolia Oil & Gas Corp (NYSE:MGY) posted its quarterly earnings results on Wednesday, February, 19th. The company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.07 by $0.02. The firm had revenue of $229.71 million for the quarter, compared to analysts' expectations of $243.94 million. Magnolia Oil & Gas had a return on equity of 1.84% and a net margin of 5.36%. View Magnolia Oil & Gas' earnings history.

What price target have analysts set for MGY?

12 Wall Street analysts have issued 12 month target prices for Magnolia Oil & Gas' stock. Their forecasts range from $7.00 to $16.00. On average, they expect Magnolia Oil & Gas' stock price to reach $10.38 in the next year. This suggests a possible upside of 161.3% from the stock's current price. View analysts' price targets for Magnolia Oil & Gas.

Has Magnolia Oil & Gas been receiving favorable news coverage?

News headlines about MGY stock have trended very negative on Friday, InfoTrie Sentiment reports. The research firm ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Magnolia Oil & Gas earned a media sentiment score of -3.3 on InfoTrie's scale. They also gave news articles about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news aboutMagnolia Oil & Gas.

Are investors shorting Magnolia Oil & Gas?

Magnolia Oil & Gas saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 17,200,000 shares, an increase of 18.0% from the February 13th total of 14,580,000 shares. Based on an average daily volume of 1,570,000 shares, the days-to-cover ratio is currently 11.0 days. Approximately 14.2% of the company's 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?

Based on aggregate information from My MarketBeat watchlists, some companies that other Magnolia Oil & Gas investors own include Enterprise Products Partners (EPD), Square (SQ), Gilead Sciences (GILD), Micron Technology (MU), Energy Transfer LP Unit (ET), Marathon Petroleum (MPC), Advanced Micro Devices (AMD), Amarin (AMRN), Huntington Bancshares (HBAN) and NVIDIA (NVDA).

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."

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 $3.97.

How big of a company is Magnolia Oil & Gas?

Magnolia Oil & Gas has a market capitalization of $1.00 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. View additional information about Magnolia Oil & Gas.

What is Magnolia Oil & Gas' official website?

The official website for Magnolia Oil & Gas is http://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]


MarketBeat Community Rating for Magnolia Oil & Gas (NYSE MGY)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  198 (Vote Outperform)
Underperform Votes:  234 (Vote Underperform)
Total Votes:  432
MarketBeat's community ratings are surveys of what our community members think about Magnolia Oil & Gas and other stocks. Vote "Outperform" if you believe MGY will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MGY will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 4/3/2020 by MarketBeat.com Staff

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