NYSE:MGY Magnolia Oil & Gas Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Magnolia Oil & Gas Corp Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $6.10 -0.17 (-2.71 %) (As of 09/18/2020 12:00 AM ET) Add Compare Share Today's Range$6.04Now: $6.10▼$6.3850-Day Range$5.69MA: $6.26▼$6.9452-Week Range$3.23Now: $6.10▼$13.28Volume3.02 million shsAverage Volume2.09 million shsMarket Capitalization$1.54 billionP/E RatioN/ADividend YieldN/ABeta2.46 ProfileAnalyst RatingsChartCompetitorsEarningsInsider TradesInstitutional OwnershipHeadlinesOptions ChainShort InterestSocial Media Magnolia Oil & Gas Corporation engages in the business of acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids reserves in the United States. The company has oil and natural gas properties located primarily in Karnes County and the Giddings Field in South Texas primarily comprising the Eagle Ford Shale and the Austin Chalk formation. As of December 31, 2018, its assets consisted of a total leasehold position of 455,964 net acres, including 16,841 net acres with 200 net producing wells in the Karnes County portion of the Eagle Ford Shale; and 439,123 net acres with 846 net producing wells in the Giddings Field of the Austin Chalk. The company is based in Houston, Texas.Read More Beat the Market (BTM) Rank™ 4.3 Analyst's Opinion Consensus RatingMagnolia Oil & Gas has received a consensus rating of Buy. The company's average rating score is 2.53, and is based on 8 buy ratings, 7 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $8.54, Magnolia Oil & Gas has a forecasted upside of 40.0% from its current price of $6.10.Amount of Analyst CoverageMagnolia Oil & Gas has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.3 Community Rank Outperform VotesMagnolia Oil & Gas has received 209 “outperform” votes. (Add your “outperform” vote.)Underperform VotesMagnolia Oil & Gas has received 241 “underperform” votes. (Add your “underperform” vote.)Community SentimentMagnolia Oil & Gas has received 53.56% “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. Previous Next 0.0 Dividend Strength Dividend YieldMagnolia Oil & Gas does not currently pay a dividend.Dividend GrowthMagnolia Oil & Gas does not have a long track record of dividend growth. Previous Next 4.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Magnolia Oil & Gas insiders have bought more of their company's stock than they have sold. Specifically, they have bought $378,511.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 5.57% of the stock of Magnolia Oil & Gas is held by insiders.Percentage Held by Institutions68.95% 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. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Magnolia Oil & Gas are expected to grow in the coming year, from ($0.06) to $0.44 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Magnolia Oil & Gas is -0.83, 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. SectorThe P/E ratio of Magnolia Oil & Gas is -0.83, 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 RatioMagnolia Oil & Gas has a P/B Ratio of 0.57. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 4.3Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 4.0Valuation: 1.3 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.36 out of 5 stars 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 Phone713-842-9050Debt Debt-to-Equity Ratio0.49 Current Ratio1.52 Quick Ratio1.52Price-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 / Sales1.64 Cash Flow$2.40 per share Price / Cash Flow2.54 Book Value$10.78 per share Price / Book0.57Profitability EPS (Most Recent Fiscal Year)$0.30 Net Income$50.20 million Net Margins-166.05% Return on Equity-0.77% Return on Assets-0.56%Miscellaneous Employees27 Outstanding Shares252,384,000Market Cap$1.54 billion Next Earnings Date11/2/2020 (Estimated) OptionableOptionable $6.10 -0.17 (-2.71 %) (As of 09/18/2020 12:00 AM ET) 30 days | 90 days | 365 days | Advanced Chart Receive MGY News and Ratings via Email Sign-up to receive the latest news and ratings for MGY and its competitors with MarketBeat's FREE daily newsletter. Magnolia Oil & Gas (NYSE:MGY) Frequently Asked Questions How has Magnolia Oil & Gas' stock price 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 stock has increased by 26.8% and is now trading at $6.10. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of Magnolia Oil & Gas? 15 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 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Magnolia Oil & Gas. When is Magnolia Oil & Gas' next earnings date? 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. How were Magnolia Oil & Gas' earnings last quarter? Magnolia Oil & Gas Corp (NYSE:MGY) released 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. The business had revenue of $82.84 million for the quarter, compared to analyst estimates of $94.62 million. Magnolia Oil & Gas had a negative return on equity of 0.77% and a negative net margin of 166.05%. View Magnolia Oil & Gas' earnings history. What price target have analysts set for MGY? 15 equities research analysts have issued 1-year price targets for Magnolia Oil & Gas' stock. Their forecasts range from $6.00 to $13.00. On average, they anticipate Magnolia Oil & Gas' stock price to reach $8.54 in the next year. This suggests a possible upside of 40.0% from the stock's current price. View analysts' price targets for Magnolia Oil & Gas. Are investors shorting Magnolia Oil & Gas? Magnolia Oil & Gas saw a increase in short interest in the month of August. As of August 14th, there was short interest totaling 17,520,000 shares, an increase of 15.2% from the July 30th total of 15,210,000 shares. Based on an average daily volume of 1,810,000 shares, the days-to-cover ratio is presently 9.7 days. Approximately 14.6% of the shares of the company are short sold. View Magnolia Oil & Gas' Short Interest. Who are some of Magnolia Oil & Gas' key competitors? Some companies that are related to Magnolia Oil & Gas include Continental Resources (CLR), Diamondback Energy (FANG), Sasol (SSL), Cenovus Energy (CVE), Apache (APA), Apache (APA), Noble Energy (NBL), Parsley Energy (PE), EQT (EQT), Marathon Oil (MRO), Devon Energy (DVN), WPX Energy (WPX), Cimarex Energy (XEC), Ovintiv (OVV) and CNX Resources (CNX). View all 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 Wells Fargo & Company (WFC), Enterprise Products Partners (EPD), Energy Transfer LP Unit (ET), Occidental Petroleum (OXY), AbbVie (ABBV), AMC Entertainment (AMC), Gilead Sciences (GILD), Norwegian Cruise Line (NCLH), NIO (NIO) and Sorrento Therapeutics (SRNE). Who are Magnolia Oil & Gas' key executives? Magnolia Oil & Gas' management team includes the following people: Mr. Stephen I. Chazen, Pres, CEO & Chairman (Age 72)Mr. Christopher G. Stavros, CFO & Exec. VP (Age 56)Mr. Steve F. Millican, Sr. VP of Operations (Age 43)Mr. Brian Michael Corales CPA, VP of Investor RelationsMr. Timothy D. Yang, Exec. VP, Gen. Counsel & Sec. (Age 47) 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 Vanguard Group Inc. (4.42%), FMR LLC (4.16%), Silvercrest Asset Management Group LLC (2.84%), Russell Investments Group Ltd. (2.36%), Encompass Capital Advisors LLC (1.94%) and Victory Capital Management Inc. (1.92%). Company insiders that own Magnolia Oil & Gas stock include James R Larson, Michael G Macdougall, Stephen I Chazen and Timothy D Yang. View institutional ownership trends for Magnolia Oil & Gas. Which institutional investors are selling Magnolia Oil & Gas stock? MGY stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Caymus Capital Partners L.P., Alyeska Investment Group L.P., Man Group plc, Grantham Mayo Van Otterloo & Co. LLC, Prudential Financial Inc., Bank of America Corp DE, and Gilder Gagnon Howe & Co. LLC. View insider buying and selling activity for Magnolia Oil & Gas. Which institutional investors are buying Magnolia Oil & Gas stock? MGY stock was acquired by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Goldman Sachs Group Inc., Wasatch Advisors Inc., Nuveen Asset Management LLC, Encompass Capital Advisors LLC, First Trust Advisors LP, Victory Capital Management Inc., and Silvercrest Asset Management Group LLC. Company insiders that have bought Magnolia Oil & Gas stock in the last two years include James R Larson, Stephen I Chazen, and Timothy D Yang. View insider buying and selling activity for Magnolia Oil & Gas. 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 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 $6.10. How big of a company is Magnolia Oil & Gas? Magnolia Oil & Gas has a market capitalization of $1.54 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. 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 9/19/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Questions? Get Started with MarketBeat — Read Your Daily NewsletterCheck Out My MarketBeatWatch Our Tutorial VideosAdd a Stock to Your WatchlistSet Up an Instant AlertView a Company's Profile PageView Our Financial CalendarsView Today's Analyst Ratings
