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 shares have increased by 44.3% and is now trading at $6.94.
View which stocks have been most impacted by COVID-19.

15 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 7 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, November 2nd 2020.
View our earnings forecast for Magnolia Oil & Gas.

Magnolia Oil & Gas Corp (NYSE:MGY) posted its earnings results on Wednesday, August, 5th. The company reported ($0.08) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by $0.01. Magnolia Oil & Gas had a negative return on equity of 0.65% and a negative net margin of 166.05%.
View Magnolia Oil & Gas' earnings history.

15 Wall Street analysts have issued 12-month price targets for Magnolia Oil & Gas' shares. Their forecasts range from $6.00 to $13.00. On average, they anticipate Magnolia Oil & Gas' stock price to reach $8.46 in the next year. This suggests a possible upside of 21.9% from the stock's current price.
View analysts' price targets for Magnolia Oil & Gas.

Media stories about MGY stock have been trending somewhat negative recently, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Magnolia Oil & Gas earned a news impact score of -1.6 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the immediate future.
View the latest news about Magnolia Oil & Gas.

Magnolia Oil & Gas saw a decrease in short interest in the month of January. As of January 31st, there was short interest totaling 14,210,000 shares, a decrease of 20.1% from the January 15th total of 17,780,000 shares. Based on an average trading volume of 1,110,000 shares, the days-to-cover ratio is presently 12.8 days. Currently, 11.6% of the shares of the stock are sold short.
View Magnolia Oil & Gas' Short Interest.

Some companies that are related to Magnolia Oil & Gas include Continental Resources (CLR), Cenovus Energy (CVE), Apache (APA), Sasol (SSL), Noble Energy (NBL), Parsley Energy (PE), Devon Energy (DVN), Marathon Oil (MRO), EQT (EQT), Callon Petroleum (CPE), WPX Energy (WPX), Ovintiv (OVV), Cimarex Energy (XEC), Murphy Oil (MUR) and Range Resources (RRC).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Magnolia Oil & Gas investors own include Wells Fargo & Co (WFC), Chesapeake Energy (CHKAQ), Chesapeake Energy (CHKAQ), Energy Transfer LP Unit (ET), Occidental Petroleum (OXY), AMC Entertainment (AMC), Enterprise Products Partners (EPD), Gilead Sciences (GILD), Norwegian Cruise Line (NCLH) and NIO (NIO).

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 retail and institutional investors. Top institutional investors include Vanguard Group Inc. (4.42%), FMR LLC (4.16%), Silvercrest Asset Management Group LLC (2.84%), Russell Investments Group Ltd. (2.36%), Victory Capital Management Inc. (1.92%) and Goldman Sachs Group Inc. (1.04%). 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, Caymus Capital Partners L.P., Grantham Mayo Van Otterloo & Co. LLC, Prudential Financial Inc., Federated Hermes Inc., Healthcare of Ontario Pension Plan Trust Fund, Hancock Whitney Corp, and Envestnet Asset Management Inc..
View insider buying and selling activity for Magnolia Oil & Gas.

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., First Trust Advisors LP, Victory Capital Management Inc., Silvercrest Asset Management Group LLC, Viking Fund Management LLC, and Trexquant Investment LP. 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 $6.94.

Magnolia Oil & Gas has a market capitalization of $1.75 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]