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 26.8% and is now trading at $6.10. 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 quarterly earnings data on Monday, May, 11th. The company reported ($0.11) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.07) by $0.04. The firm earned $181.37 million during 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.

13 brokerages have issued 1-year price targets for Magnolia Oil & Gas' stock. Their forecasts range from $6.00 to $13.00. On average, they expect Magnolia Oil & Gas' share price to reach $8.35 in the next twelve months. This suggests a possible upside of 36.9% from the stock's current price. View analysts' price targets for Magnolia Oil & Gas.

News headlines about MGY stock have been trending somewhat negative recently, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Magnolia Oil & Gas earned a coverage optimism score of -1.0 on InfoTrie's scale. They also gave 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 near future. View the latest news aboutMagnolia Oil & Gas.

Magnolia Oil & Gas saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 18,940,000 shares, an increase of 22.0% from the April 15th total of 15,520,000 shares. Based on an average daily trading volume, of 2,340,000 shares, the days-to-cover ratio is currently 8.1 days. Approximately 15.5% of the company's stock are sold short. View Magnolia Oil & Gas' Current Options Chain.

Some companies that are related to Magnolia Oil & Gas include Cenovus Energy (CVE), Continental Resources (CLR), Noble Energy (NBL), Apache (APA), Marathon Oil (MRO), Devon Energy (DVN), Parsley Energy (PE), Sasol (SSL), WPX Energy (WPX), EQT (EQT), Cimarex Energy (XEC), Ovintiv (OVV), Murphy Oil (MUR), CNX Resources (CNX) 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."

Magnolia Oil & Gas' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Davis Selected Advisers (4.82%), BlackRock Inc. (3.29%), Wellington Management Group LLP (3.06%), Silvercrest Asset Management Group LLC (2.74%), Victory Capital Management Inc. (1.81%) and Victory Capital Management Inc. (1.81%). 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 Janus Henderson Group PLC, Russell Investments Group Ltd., Capital World Investors, Wellington Management Group LLP, Federated Hermes Inc., Wildcat Capital Management LLC, Waddell & Reed Financial Inc., and Rothschild & Co. Asset Management US 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 Caymus Capital Partners L.P., Massachusetts Financial Services Co. MA, Silvercrest Asset Management Group LLC, BlackRock Inc., Alyeska Investment Group L.P., Grantham Mayo Van Otterloo & Co. LLC, State Street Corp, and Parametric Portfolio Associates LLC. 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 $6.10.

Magnolia Oil & Gas has a market capitalization of $1.54 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]