NYSE:MGYMagnolia Oil & Gas Stock Price, Forecast & News

Magnolia Oil & Gas' stock was trading at $4.81 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MGY stock has increased by 30.8% and is now trading at $6.29.
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14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magnolia Oil & Gas in the last year. There are currently 8 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Magnolia Oil & Gas is scheduled to release its next quarterly earnings announcement on Monday, November 2nd 2020.
View our earnings forecast for Magnolia Oil & Gas.

Magnolia Oil & Gas Corp (NYSE:MGY) announced its earnings results on Wednesday, August, 5th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by $0.01. Magnolia Oil & Gas had a negative return on equity of 0.65% and a negative net margin of 166.05%.
View Magnolia Oil & Gas' earnings history.

14 Wall Street analysts have issued twelve-month price targets for Magnolia Oil & Gas' stock. Their forecasts range from $6.00 to $13.00. On average, they anticipate Magnolia Oil & Gas' share price to reach $8.50 in the next twelve months. This suggests a possible upside of 35.1% from the stock's current price.
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News stories about MGY stock have trended extremely negative recently, InfoTrie reports. The research firm rates the sentiment of news coverage by analyzing 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 positive five, with scores nearest to five being the most favorable. Magnolia Oil & Gas earned a coverage optimism score of -4.8 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next few days.
View the latest news about Magnolia Oil & Gas.

Magnolia Oil & Gas saw a increase in short interest during the month of July. As of July 31st, there was short interest totaling 19,510,000 shares, an increase of 11.9% from the July 15th total of 17,430,000 shares. Based on an average trading volume of 2,520,000 shares, the short-interest ratio is presently 7.7 days. Approximately 16.3% of the shares of the company are sold short.
View Magnolia Oil & Gas' Short Interest.

Some companies that are related to Magnolia Oil & Gas include Continental Resources (CLR), Cenovus Energy (CVE), Apache (APA), Sasol (SSL), Noble Energy (NBL), Parsley Energy (PE), Devon Energy (DVN), Marathon Oil (MRO), EQT (EQT), WPX Energy (WPX), Ovintiv (OVV), Cimarex Energy (XEC), Murphy Oil (MUR), Range Resources (RRC) and CNX Resources (CNX).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Magnolia Oil & Gas investors own include Energy Transfer LP Unit (ET), Enterprise Products Partners (EPD), Gilead Sciences (GILD), Marathon Petroleum (MPC), Micron Technology (MU), Occidental Petroleum (OXY), Square (SQ), Wells Fargo & Co (WFC), American Airlines Group (AAL) and Bank of America (BAC).

Magnolia Oil & Gas trades on the New York Stock Exchange (NYSE) under the ticker symbol "MGY."

Magnolia Oil & Gas' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Russell Investments Group Ltd. (2.36%), Victory Capital Management Inc. (1.92%), First Trust Advisors LP (0.19%), WINTON GROUP Ltd (0.16%), Swiss National Bank (0.11%) and Hancock Whitney Corp (0.11%). Company insiders that own Magnolia Oil & Gas stock include Arcilia Acosta, Christopher G Stavros, James R Larson, John B Walker, Michael G Macdougall, Stephen I Chazen, Timothy D Yang and Valerie Chase.
View institutional ownership trends for Magnolia Oil & Gas.

MGY stock was sold by a variety of institutional investors in the last quarter, including Caymus Capital Partners L.P., Hancock Whitney Corp, and Envestnet Asset Management Inc..
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MGY stock was acquired by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., First Trust Advisors LP, Victory Capital Management Inc., Viking Fund Management LLC, Trexquant Investment LP, WINTON GROUP Ltd, Swiss National Bank, and State Board of Administration of Florida Retirement System. Company insiders that have bought Magnolia Oil & Gas stock in the last two years include Arcilia Acosta, Christopher G Stavros, James R Larson, John B Walker, Stephen I Chazen, Timothy D Yang, and Valerie Chase.
View insider buying and selling activity for 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.

One share of MGY stock can currently be purchased for approximately $6.29.

Magnolia Oil & Gas has a market capitalization of $1.59 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.

The official website for Magnolia Oil & Gas is www.magnoliaoilgas.com.

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]