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

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

Magnolia Oil & Gas Corp (NYSE:MGY) issued its quarterly earnings data on Wednesday, February, 19th. The company reported $0.05 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.07 by $0.02. The business 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 1.83% and a net margin of 5.36%. View Magnolia Oil & Gas' Earnings History.

Magnolia Oil & Gas is scheduled to release their next quarterly earnings announcement on Monday, May 4th 2020. View Earnings Estimates for Magnolia Oil & Gas.

9 brokers have issued 12-month price objectives for Magnolia Oil & Gas' shares. Their forecasts range from $12.00 to $20.00. On average, they expect Magnolia Oil & Gas' stock price to reach $14.88 in the next year. This suggests a possible upside of 110.4% from the stock's current price. View Analyst Price Targets for Magnolia Oil & Gas.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magnolia Oil & Gas in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Magnolia Oil & Gas.

Media stories about MGY stock have been trending very negative this week, InfoTrie reports. The research group identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Magnolia Oil & Gas earned a media sentiment score of -3.5 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the immediate future. View News Stories for Magnolia Oil & Gas.

Magnolia Oil & Gas saw a drop in short interest during the month of February. As of February 14th, there was short interest totalling 14,210,000 shares, a drop of 20.1% from the January 30th total of 17,780,000 shares. Based on an average daily trading volume, of 1,110,000 shares, the days-to-cover ratio is currently 12.8 days. Approximately 11.6% 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 Noble Energy (NBL), Marathon Oil (MRO), Devon Energy (DVN), Cabot Oil & Gas (COG), Parsley Energy (PE), WPX Energy (WPX), Cimarex Energy (XEC), Ovintiv (OVV), Murphy Oil (MUR), Viper Energy Partners (VNOM), Black Ridge Oil & Gas (ANFC), Vermilion Energy (VET), Black Stone Minerals (BSM), Jagged Peak Energy (JAG) 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), Energy Transfer LP Unit (ET), Square (SQ), Gilead Sciences (GILD), Micron Technology (MU), Marathon Petroleum (MPC), Advanced Micro Devices (AMD), Amarin (AMRN), Huntington Bancshares (HBAN) and NVIDIA (NVDA).

Magnolia Oil & Gas' stock is owned by a variety of of retail and institutional investors. Top institutional investors include FMR LLC (9.58%), Janus Henderson Group PLC (3.28%), Russell Investments Group Ltd. (1.81%), Victory Capital Management Inc. (1.71%), Victory Capital Management Inc. (1.71%) and State Street Corp (1.31%). 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 FMR LLC, Amica Mutual Insurance Co., Rothschild & Co. Asset Management US Inc., 1492 Capital Management LLC, Victory Capital Management Inc., Victory Capital Management Inc., King Luther Capital Management Corp and SG Americas Securities LLC. View Insider Buying and Selling for Magnolia Oil & Gas.

MGY stock was purchased by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Hotchkis & Wiley Capital Management LLC, Bank of America Corp DE, State Street Corp, Man Group plc, Goldman Sachs Group Inc., Boston Partners and Teacher Retirement System of Texas. 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 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 $7.07.

Magnolia Oil & Gas has a market capitalization of $1.83 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]