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

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 38.3% and is now trading at $6.65. View which stocks have been most impacted by Coronavirus.

13 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 6 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 Tuesday, August 4th 2020. View our earnings forecast for Magnolia Oil & Gas.

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

13 analysts have issued 12 month price objectives 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 $8.35 in the next twelve months. This suggests a possible upside of 25.6% from the stock's current price. View analysts' price targets for Magnolia Oil & Gas.

News articles about MGY stock have trended negative recently, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Magnolia Oil & Gas earned a media sentiment score of -2.4 on InfoTrie's scale. They also gave media stories about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news about Magnolia Oil & Gas.

Magnolia Oil & Gas saw a drop in short interest during the month of June. As of June 15th, there was short interest totaling 15,280,000 shares, a drop of 13.3% from the May 31st total of 17,630,000 shares. Based on an average daily trading volume, of 2,850,000 shares, the days-to-cover ratio is presently 5.4 days. Approximately 12.7% of the shares of the company are sold short. View Magnolia Oil & Gas' Current Options Chain.

Some companies that are related to Magnolia Oil & Gas include Continental Resources (CLR), Diamondback Energy (FANG), Cenovus Energy (CVE), Apache (APA), Sasol (SSL), Marathon Oil (MRO), Noble Energy (NBL), Parsley Energy (PE), Devon Energy (DVN), WPX Energy (WPX), EQT (EQT), Cimarex Energy (XEC), Ovintiv (OVV), Murphy Oil (MUR) and Viper Energy Partners (VNOM). View all competitors.

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."

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 $6.65.

Magnolia Oil & Gas has a market capitalization of $1.68 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]