NYSE:MGYMagnolia 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 (WHO). Since then, MGY stock has increased by 24.3% and is now trading at $5.98.
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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 Thursday, August 6th 2020.
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Magnolia Oil & Gas will be holding an earnings conference call on Thursday, August 6th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Magnolia Oil & Gas Corp (NYSE:MGY) announced its earnings results on Monday, May, 11th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.07) by $0.04. The company had revenue of $181.37 million for the quarter, compared to the consensus estimate of $190.42 million. Magnolia Oil & Gas had a positive return on equity of 0.82% and a negative net margin of 132.38%.
View Magnolia Oil & Gas' earnings history.

14 Wall Street analysts have issued 12-month target prices for Magnolia Oil & Gas' shares. Their forecasts range from $6.00 to $13.00. On average, they expect Magnolia Oil & Gas' stock price to reach $8.50 in the next year. This suggests a possible upside of 42.1% from the stock's current price.
View analysts' price targets for Magnolia Oil & Gas.

News coverage about MGY stock has trended negative this week, InfoTrie Sentiment reports. The research group scores the sentiment of press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Magnolia Oil & Gas earned a daily sentiment score of -2.9 on InfoTrie's scale. They also gave media stories about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the near future.
View the latest news about Magnolia Oil & Gas.

Magnolia Oil & Gas saw a increase in short interest in the month of July. As of July 15th, there was short interest totaling 19,510,000 shares, an increase of 11.9% from the June 30th total of 17,430,000 shares. Based on an average daily trading volume, of 2,520,000 shares, the short-interest ratio is presently 7.7 days. Approximately 16.3% of the company's stock are sold short.
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Some companies that are related to Magnolia Oil & Gas include Apache (APA), Cenovus Energy (CVE), Sasol (SSL), Noble Energy (NBL), Parsley Energy (PE), Marathon Oil (MRO), Devon Energy (DVN), EQT (EQT), WPX Energy (WPX), Ovintiv (OVV), Cimarex Energy (XEC), Murphy Oil (MUR), CNX Resources (CNX), Range Resources (RRC) and Viper Energy Partners (VNOM).
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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 variety of institutional and retail investors. Top institutional investors include First Trust Advisors LP (0.19%), Hancock Whitney Corp (0.11%), SG Americas Securities LLC (0.09%), Viking Fund Management LLC (0.08%), Caymus Capital Partners L.P. (0.08%) and Brinker Capital Inc. (0.03%). 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 First Trust Advisors LP, Viking Fund Management LLC, Stone Ridge Asset Management LLC, SG Americas Securities LLC, Albert D Mason Inc., Canandaigua National Corp, Cambridge Investment Research Advisors Inc., and Zurcher Kantonalbank Zurich Cantonalbank . 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 $5.98.

Magnolia Oil & Gas has a market capitalization of $1.51 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]