NYSE:MGY

Magnolia Oil & Gas Stock Forecast, Price & News

$8.74

-0.22 (-2.46 %)

(As of 01/15/2021 12:00 AM ET)

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Today's Range

$8.64

Now: $8.74▼

$9.01

50-Day Range

$6.23

MA: $7.57▼

$8.96

52-Week Range

$3.23

Now: $8.74▼

$12.61

Volume3.79 million shs

Average Volume1.72 million shs

Market Capitalization$2.20 billion

P/E RatioN/A

Dividend YieldN/A

Beta2.72

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. The company's 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, 2019, its assets consisted of a total leasehold position of 450,854 net acres, including 22,088 net acres in Karnes, Gonzales, DeWitt, and Atascosa counties, Texas; 428,766 net acres in the Giddings Field; and approximately 1,141 net wells with a total production capacity of 66.8 thousand barrels of oil equivalent per day. The company is headquartered in Houston, Texas.

MarketRank^™

Overall MarketRank^™

1.67 out of 5 stars

Oils/Energy Sector

93rd out of 539 stocks

Crude Petroleum & Natural Gas Industry

38th out of 194 stocks

2.3 Analyst's Opinion

Consensus Rating
Magnolia Oil & Gas has received a consensus rating of Buy. The company's average rating score is 2.58, and is based on 7 buy ratings, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $7.50, Magnolia Oil & Gas has a forecasted downside of 14.2% from its current price of $8.74.
Amount of Analyst Coverage
Magnolia Oil & Gas has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.3 Community Rank

Outperform Votes
Magnolia Oil & Gas has received 214 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Magnolia Oil & Gas has received 246 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Magnolia Oil & Gas has received 53.48% “underperform” votes from our community.

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.

0.0 Dividend Strength

Dividend Yield
Magnolia Oil & Gas does not currently pay a dividend.
Dividend Growth
Magnolia Oil & Gas does not have a long track record of dividend growth.

2.5 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Magnolia Oil & Gas insiders have bought more of their company's stock than they have sold. Specifically, they have bought $230,800.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 5.57% of the stock of Magnolia Oil & Gas is held by insiders.
Percentage Held by Institutions
69.34% of the stock of Magnolia Oil & Gas is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Magnolia Oil & Gas are expected to grow in the coming year, from ($0.02) to $0.55 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Magnolia Oil & Gas is -1.19, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Magnolia Oil & Gas is -1.19, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Magnolia Oil & Gas has a P/B Ratio of 0.81. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Crude petroleum & natural gas

Sub-IndustryN/A

SectorOils/Energy

Current SymbolNYSE:MGY

Previous Symbol

CUSIPN/A

CIKN/A

Webwww.magnoliaoilgas.com

Phone713-842-9050

Employees45

Debt

Debt-to-Equity Ratio0.48

Current Ratio1.73

Quick Ratio1.73

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$936.14 million

Price / Sales2.35

Cash Flow$2.36 per share

Price / Cash Flow3.71

Book Value$10.78 per share

Price / Book0.81

Profitability

EPS (Most Recent Fiscal Year)$0.30

Net Income$50.20 million

Net Margins-199.68%

Return on Equity-1.06%

Return on Assets-0.71%

Miscellaneous

Outstanding Shares251,290,000

Market Cap$2.20 billion

Next Earnings Date2/17/2021 (Estimated)

OptionableOptionable

$8.74

-0.22 (-2.46 %)

(As of 01/15/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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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 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MGY shares have increased by 81.7% and is now trading at $8.74.
View which stocks have been most impacted by COVID-19.

Is Magnolia Oil & Gas a buy right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magnolia Oil & Gas in the last twelve months. There are currently 5 hold ratings and 7 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 MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Magnolia Oil & Gas?

Wall Street analysts have given Magnolia Oil & Gas a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Magnolia Oil & Gas wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Magnolia Oil & Gas' next earnings date?

Magnolia Oil & Gas is scheduled to release its next quarterly earnings announcement on Wednesday, February 17th 2021.
View our earnings forecast for Magnolia Oil & Gas.

How were Magnolia Oil & Gas' earnings last quarter?

Magnolia Oil & Gas Co. (NYSE:MGY) announced its quarterly earnings data on Thursday, November, 5th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. The firm earned $121.07 million during the quarter, compared to the consensus estimate of $128.77 million. Magnolia Oil & Gas had a negative net margin of 199.68% and a negative return on equity of 1.06%.
View Magnolia Oil & Gas' earnings history.

What price target have analysts set for MGY?

12 brokers have issued 12-month price targets for Magnolia Oil & Gas' stock. Their forecasts range from $6.00 to $10.00. On average, they expect Magnolia Oil & Gas' stock price to reach $7.50 in the next year. This suggests that the stock has a possible downside of 14.2%.
View analysts' price targets for Magnolia Oil & Gas or view Wall Street analyst' top-rated stocks.

Who are some of Magnolia Oil & Gas' key competitors?

Some companies that are related to Magnolia Oil & Gas include Cabot Oil & Gas (COG), Cenovus Energy (CVE), Devon Energy (DVN), Continental Resources (CLR), Parsley Energy (PE), Sasol (SSL), Apache (APA), Marathon Oil (MRO), WPX Energy (WPX), Cimarex Energy (XEC), Ovintiv (OVV), EQT (EQT), CNX Resources (CNX), Range Resources (RRC) and PDC Energy (PDCE).
View all of MGY's 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 Square (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 (NCLH).

Who are Magnolia Oil & Gas' key executives?

Magnolia Oil & Gas' management team includes the following people:

Mr. Stephen I. Chazen, Pres, Chairman & CEO (Age 73, Pay $270k)
Mr. Christopher G. Stavros, CFO & Exec. VP (Age 57, Pay $825.27k)
Mr. Steve F. Millican, Sr. VP of Operations (Age 44, Pay $466.97k)
Mr. Timothy D. Yang, Exec. VP, Gen. Counsel & Sec. (Age 48, Pay $720.95k)
Mr. Brian Michael Corales CPA, VP of Investor Relations

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 many different retail and institutional investors. Top institutional shareholders include Albert D Mason Inc. (0.01%). Company insiders that own Magnolia Oil & Gas stock include James R Larson, Michael G Macdougall and Stephen I Chazen.
View institutional ownership trends for Magnolia Oil & Gas.

Which major investors are buying Magnolia Oil & Gas stock?

MGY stock was purchased by a variety of institutional investors in the last quarter, including Albert D Mason Inc.. Company insiders that have bought Magnolia Oil & Gas stock in the last two years include James R Larson, and Stephen I Chazen.
View insider buying and selling activity for Magnolia Oil & Gas or or view top insider-buying stocks.

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 WeBull, 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 $8.74.

How big of a company is Magnolia Oil & Gas?

Magnolia Oil & Gas has a market capitalization of $2.20 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 45 workers across the globe.

What is Magnolia Oil & Gas' official website?

The official website for Magnolia Oil & Gas is 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]

This page was last updated on 1/17/2021 by MarketBeat.com Staff

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