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Dems push Biden climate, health priorities toward Senate OK
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
pixel
Shift in war's front seen as ships cleared to leave Ukraine
What's in Democrats' big bill? Climate, health care, savings
Demand for grocery delivery cools as food costs rise
pixel
What to Expect from the Markets in a Recession
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
pixel
Shift in war's front seen as ships cleared to leave Ukraine
What's in Democrats' big bill? Climate, health care, savings
Demand for grocery delivery cools as food costs rise
pixel
What to Expect from the Markets in a Recession
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
pixel
Shift in war's front seen as ships cleared to leave Ukraine
What's in Democrats' big bill? Climate, health care, savings
Demand for grocery delivery cools as food costs rise
pixel
What to Expect from the Markets in a Recession
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
NYSE:MGY

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

$22.17
+0.37 (+1.70%)
(As of 08/5/2022 08:49 PM ET)
Add
Compare
Today's Range
$21.24
$22.53
50-Day Range
$19.17
$29.73
52-Week Range
$12.79
$30.31
Volume
1.22 million shs
Average Volume
2.06 million shs
Market Capitalization
$4.94 billion
P/E Ratio
5.98
Dividend Yield
1.80%
Price Target
$28.56

Magnolia Oil & Gas MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
28.8% Upside
$28.56 Price Target
Short Interest
Bearish
9.98% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.57mentions of Magnolia Oil & Gas in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$202.58 M Sold Last Quarter
Proj. Earnings Growth
1.99%
From $4.53 to $4.62 Per Share

Overall MarketRank

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

2.64 out of 5 stars

Oils/Energy Sector

57th out of 336 stocks

Crude Petroleum & Natural Gas Industry

33rd out of 113 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.

Wall Street Analysts Forecast Growth

MGY has been the topic of a number of analyst reports. KeyCorp lifted their price objective on shares of Magnolia Oil & Gas from $27.00 to $28.00 and gave the company an "overweight" rating in a research report on Thursday, April 14th. MKM Partners reiterated a "buy" rating and issued a $26.00 price objective on shares of Magnolia Oil & Gas in a research report on Wednesday, July 20th. Susquehanna lifted their price objective on shares of Magnolia Oil & Gas from $24.00 to $29.00 and gave the company a "positive" rating in a research report on Monday, April 25th. Susquehanna Bancshares boosted their target price on shares of Magnolia Oil & Gas from $24.00 to $29.00 and gave the stock a "positive" rating in a research report on Monday, April 25th. Finally, Truist Financial boosted their target price on shares of Magnolia Oil & Gas from $35.00 to $39.00 and gave the stock a "buy" rating in a research report on Tuesday, July 19th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $28.56.

Magnolia Oil & Gas Price Performance

Shares of NYSE:MGY traded up $0.37 during midday trading on Friday, hitting $22.17. 1,224,497 shares of the stock were exchanged, compared to its average volume of 1,451,863. The stock has a market cap of $4.94 billion, a P/E ratio of 5.98 and a beta of 2.13. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.36. Magnolia Oil & Gas has a twelve month low of $12.79 and a twelve month high of $30.31. The company has a 50 day moving average price of $23.49 and a 200-day moving average price of $23.36.

Magnolia Oil & Gas (NYSE:MGY - Get Rating) last released its quarterly earnings results on Monday, May 9th. The company reported $0.90 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.90. The business had revenue of $377.84 million during the quarter, compared to the consensus estimate of $374.63 million. Magnolia Oil & Gas had a return on equity of 67.32% and a net margin of 46.42%. The business's revenue was up 80.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.38 EPS. On average, research analysts forecast that Magnolia Oil & Gas will post 4.53 earnings per share for the current year.

Magnolia Oil & Gas Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Friday, August 12th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Thursday, August 11th. Magnolia Oil & Gas's dividend payout ratio (DPR) is presently 10.78%.

Insider Transactions at Magnolia Oil & Gas

In related news, Director Ltd. Enervest sold 7,500,000 shares of the business's stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $27.01, for a total value of $202,575,000.00. Following the completion of the transaction, the director now owns 10,912,450 shares of the company's stock, valued at approximately $294,745,274.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 4.80% of the company's stock.

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MGY Stock News Headlines

Magnolia Oil & Gas (MGY) Set to Announce Earnings on Tuesday
Expert Ratings for Magnolia Oil & Gas
Brokerages Set Magnolia Oil & Gas Co. (NYSE:MGY) PT at $26.05
MGY Crosses Critical Technical Indicator
Magnolia Oil & Gas Sees Big Money
See More Headlines
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MGY Company Calendar

Last Earnings
10/31/2021
Today
8/08/2022
Ex-Dividend for 9/1 Dividend
8/11/2022
Dividend Payable
9/01/2022
Next Earnings (Estimated)
11/07/2022
Fiscal Year End
12/31/2022

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
$28.56
High Stock Price Forecast
$39.00
Low Stock Price Forecast
$21.00
Forecasted Upside/Downside
+28.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
10 Analysts

Profitability

Net Income
$417.28 million
Pretax Margin
56.53%

Debt

Sales & Book Value

Annual Sales
$1.08 billion
Cash Flow
$2.76 per share
Book Value
$4.57 per share

Miscellaneous

Free Float
212,327,000
Market Cap
$4.94 billion
Optionable
Optionable
Beta
2.13














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 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Magnolia Oil & Gas stock.
View analyst ratings for Magnolia Oil & Gas
or view top-rated stocks.

What is Magnolia Oil & Gas' stock price forecast for 2022?

10 analysts have issued 1 year target prices for Magnolia Oil & Gas' shares. Their MGY stock forecasts range from $21.00 to $39.00. On average, they expect Magnolia Oil & Gas' stock price to reach $28.56 in the next twelve months. This suggests a possible upside of 28.8% from the stock's current price.
View analysts' price targets for Magnolia Oil & Gas
or view top-rated stocks among Wall Street analysts.

How has Magnolia Oil & Gas' stock price performed in 2022?

Magnolia Oil & Gas' stock was trading at $18.87 at the beginning of 2022. Since then, MGY stock has increased by 17.5% and is now trading at $22.17.
View the best growth stocks for 2022 here
.

When is Magnolia Oil & Gas' next earnings date?

Magnolia Oil & Gas is scheduled to release its next quarterly earnings announcement on Monday, November 7th 2022.
View our earnings forecast for Magnolia Oil & Gas
.

How were Magnolia Oil & Gas' earnings last quarter?

Magnolia Oil & Gas Co. (NYSE:MGY) issued its earnings results on Monday, May, 9th. The company reported $0.90 earnings per share for the quarter, meeting the consensus estimate of $0.90. The company earned $377.84 million during the quarter, compared to the consensus estimate of $374.63 million. Magnolia Oil & Gas had a trailing twelve-month return on equity of 67.32% and a net margin of 46.42%. Magnolia Oil & Gas's quarterly revenue was up 80.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.38 EPS.

How often does Magnolia Oil & Gas pay dividends? What is the dividend yield for Magnolia Oil & Gas?

Magnolia Oil & Gas declared a quarterly dividend on Wednesday, August 3rd. Shareholders of record on Friday, August 12th will be paid a dividend of $0.10 per share on Thursday, September 1st. This represents a $0.40 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date is Thursday, August 11th.
View Magnolia Oil & Gas' dividend history
.

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 1.80%. Magnolia Oil & Gas does not yet have a strong track record of dividend growth. The dividend payout ratio of Magnolia Oil & Gas is 10.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Magnolia Oil & Gas will have a dividend payout ratio of 8.66% next year. This indicates that Magnolia Oil & Gas will be able to sustain or increase its dividend.
View Magnolia Oil & Gas' dividend history.

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 Victory Capital Management Inc. (1.87%), Allspring Global Investments Holdings LLC (1.79%), Stephens Investment Management Group LLC (1.17%), Loomis Sayles & Co. L P (0.49%), Wedge Capital Management L L P NC (0.33%) and Ziegler Capital Management LLC (0.26%). Company insiders that own Magnolia Oil & Gas 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 for Magnolia Oil & Gas
.

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 $22.17.

How much money does Magnolia Oil & Gas make?

Magnolia Oil & Gas (NYSE:MGY) has a market capitalization of $4.94 billion and generates $1.08 billion in revenue each year. The company earns $417.28 million in net income (profit) each year or $3.71 on an earnings per share basis.

How many employees does Magnolia Oil & Gas have?

Magnolia Oil & Gas 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 Magnolia Oil & Gas 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 8/8/2022 by MarketBeat.com Staff

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