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 34.3% and is now trading at $6.46. 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 Thursday, August 6th 2020. View our earnings forecast for Magnolia Oil & Gas.

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) issued its quarterly earnings data on Monday, May, 11th. The company reported ($0.11) EPS for the quarter, missing the Zacks' consensus estimate of ($0.07) by $0.04. The company earned $181.37 million during the quarter, compared to analyst estimates 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.

13 Wall Street analysts have issued twelve-month price targets for Magnolia Oil & Gas' stock. Their forecasts range from $6.00 to $13.00. On average, they anticipate Magnolia Oil & Gas' share price to reach $8.35 in the next twelve months. This suggests a possible upside of 29.3% from the stock's current price. View analysts' price targets for Magnolia Oil & Gas.

Media coverage about MGY stock has been trending positive this week, InfoTrie Sentiment reports. The research group ranks the sentiment of news coverage by monitoring 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 media sentiment score of 3.0 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect 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 in 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. Currently, 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 Diamondback Energy (FANG), Continental Resources (CLR), Cenovus Energy (CVE), Sasol (SSL), Apache (APA), Parsley Energy (PE), Marathon Oil (MRO), Noble Energy (NBL), Devon Energy (DVN), EQT (EQT), WPX Energy (WPX), Cimarex Energy (XEC), Ovintiv (OVV), Murphy Oil (MUR) and Range Resources (RRC). 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."

Magnolia Oil & Gas' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Canandaigua National Corp (0.01%) and Envestnet Asset Management Inc. (0.00%). 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 Envestnet Asset Management Inc.. View insider buying and selling activity for Magnolia Oil & Gas.

MGY stock was purchased by a variety of institutional investors in the last quarter, including Canandaigua National Corp. 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 $6.46.

Magnolia Oil & Gas has a market capitalization of $1.63 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]