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

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.

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.

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.

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.

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.

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.

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.

Some companies that are related to Magnolia Oil & Gas include Diamondback Energy (FANG), Encana (ECA), Continental Resources (CLR), Marathon Oil (MRO), Devon Energy (DVN), Noble Energy (NBL), Parsley Energy (PE), Cenovus Energy (CVE), EQT (EQT), Cimarex Energy (XEC), Apache (APA), Sasol (SSL), Viper Energy Partners (VNOM), WPX Energy (WPX) and ARC Resources (AETUF).

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).

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

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 $3.97.

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.

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