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NYSE:MGYMagnolia Oil & Gas Stock Price, Forecast & News

$6.29
+0.18 (+2.95 %)
(As of 08/7/2020 04:00 PM ET)
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Today's Range
$5.97
Now: $6.29
$6.34
50-Day Range
$5.49
MA: $6.28
$7.15
52-Week Range
$3.23
Now: $6.29
$13.28
Volume1.80 million shs
Average Volume1.50 million shs
Market Capitalization$1.59 billion
P/E RatioN/A
Dividend YieldN/A
Beta2.51
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.
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Magnolia Oil & Gas logo

Beat the Market (BTM) Rank

Analyst Opinion: 4.2Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 4.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.35 out of 5 stars


Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryN/A
CUSIPN/A
CIKN/A
Phone713-842-9050

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$936.14 million
Cash Flow$2.34 per share
Book Value$10.78 per share

Profitability

Net Income$50.20 million
Net Margins-166.05%

Miscellaneous

Employees27
Market Cap$1.59 billion
Next Earnings Date11/2/2020 (Estimated)
OptionableOptionable
$6.29
+0.18 (+2.95 %)
(As of 08/7/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Magnolia Oil & Gas (NYSE:MGY) Frequently Asked Questions

How has Magnolia Oil & Gas' stock been impacted by COVID-19 (Coronavirus)?

Magnolia Oil & Gas' stock was trading at $4.81 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MGY shares have increased by 30.8% and is now trading at $6.29.
View which stocks have been most impacted by Coronavirus
.

Do Wall Street analysts recommend investors buy shares of Magnolia Oil & Gas?

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."
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 quarterly earnings results on Wednesday, August, 5th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by $0.01. Magnolia Oil & Gas had a negative net margin of 166.05% and a negative return on equity of 0.65%.
View Magnolia Oil & Gas' earnings history
.

What price target have analysts set for MGY?

14 equities research analysts have issued 1-year price targets for Magnolia Oil & Gas' shares. Their forecasts range from $6.00 to $13.00. On average, they anticipate Magnolia Oil & Gas' share price to reach $8.50 in the next twelve months. This suggests a possible upside of 35.1% from the stock's current price.
View analysts' price targets for Magnolia Oil & Gas
.

Has Magnolia Oil & Gas been receiving favorable news coverage?

News articles about MGY stock have trended somewhat positive this week, InfoTrie Sentiment reports. The research group ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources. 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 media sentiment score of 1.3 on InfoTrie's scale. They also gave news stories about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near future.
View the latest news about Magnolia Oil & Gas
.

Are investors shorting Magnolia Oil & Gas?

Magnolia Oil & Gas saw a increase in short interest during the month of July. As of July 31st, there was short interest totaling 19,510,000 shares, an increase of 11.9% from the July 15th total of 17,430,000 shares. Based on an average daily volume of 2,520,000 shares, the days-to-cover ratio is presently 7.7 days. Currently, 16.3% of the shares of the stock are short sold.
View Magnolia Oil & Gas' Short Interest
.

Who are some of Magnolia Oil & Gas' key competitors?

What other stocks do shareholders of Magnolia Oil & Gas own?

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 Relations
  • Mr. 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 number of retail and institutional investors. Top institutional shareholders include Russell Investments Group Ltd. (2.36%), Victory Capital Management Inc. (1.92%), First Trust Advisors LP (0.19%), WINTON GROUP Ltd (0.16%), Swiss National Bank (0.11%) and Hancock Whitney Corp (0.11%). 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
.

Which major investors are selling Magnolia Oil & Gas stock?

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..
View insider buying and selling activity for Magnolia Oil & Gas
.

Which major 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., First Trust Advisors LP, Victory Capital Management Inc., Viking Fund Management LLC, Trexquant Investment LP, WINTON GROUP Ltd, Swiss National Bank, and State Board of Administration of Florida Retirement System. 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
.

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 $6.29.

How big of a company is Magnolia Oil & Gas?

Magnolia Oil & Gas has a market capitalization of $1.59 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 8/10/2020 by MarketBeat.com Staff

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