Magnolia Oil & Gas (MGY) Stock Forecast, Price & News

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

Is Magnolia Oil & Gas a buy right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magnolia Oil & Gas in the last twelve months. There are currently 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Magnolia Oil & Gas stock.
View analyst ratings for Magnolia Oil & Gas or view top-rated stocks.

When is Magnolia Oil & Gas' next earnings date?

Magnolia Oil & Gas is scheduled to release its next quarterly earnings announcement on Monday, August 1st 2022.
View our earnings forecast for Magnolia Oil & Gas.

How were Magnolia Oil & Gas' earnings last quarter?

Magnolia Oil & Gas Co. (NYSE:MGY) posted its quarterly earnings data on Monday, May, 9th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.93 by $0.03. The business had revenue of $377.84 million for the quarter, compared to analysts' expectations of $374.63 million. Magnolia Oil & Gas had a trailing twelve-month return on equity of 55.08% and a net margin of 41.80%. The company's quarterly revenue was up 80.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.38 earnings per share.
View Magnolia Oil & Gas' earnings history.

How often does Magnolia Oil & Gas pay dividends? What is the dividend yield for Magnolia Oil & Gas?

Magnolia Oil & Gas declared a semi-annual dividend on Friday, February 4th. Shareholders of record on Monday, February 14th will be paid a dividend of $0.20 per share on Tuesday, March 1st. This represents a yield of 1.3%. The ex-dividend date is Friday, February 11th. This is a positive change from Magnolia Oil & Gas's previous semi-annual dividend of $0.08.
View Magnolia Oil & Gas' dividend history.

Is Magnolia Oil & Gas a good dividend stock?

Magnolia Oil & Gas pays an annual dividend of $0.40 per share and currently has a dividend yield of 1.66%. Magnolia Oil & Gas does not yet have a strong track record of dividend growth. The dividend payout ratio of Magnolia Oil & Gas is 13.94%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Magnolia Oil & Gas will have a dividend payout ratio of 10.03% next year. This indicates that Magnolia Oil & Gas will be able to sustain or increase its dividend.
View Magnolia Oil & Gas' dividend history.

What price target have analysts set for MGY?

11 analysts have issued 1 year target prices for Magnolia Oil & Gas' shares. Their forecasts range from $15.50 to $35.00. On average, they expect Magnolia Oil & Gas' share price to reach $25.95 in the next year. This suggests a possible upside of 5.8% from the stock's current price.
View analysts' price targets for Magnolia Oil & Gas or view top-rated stocks among Wall Street analysts.

Who are Magnolia Oil & Gas' key executives?

Magnolia Oil & Gas' management team includes the following people:

• Mr. Stephen I. Chazen, Pres, Chairman & CEO (Age 75, Pay $349.16k)
• Mr. Christopher G. Stavros, CFO & Exec. VP (Age 59, Pay $1.21M)
• Mr. Steve F. Millican, Sr. VP of Operations (Age 46, Pay $741.89k)
• Mr. Timothy D. Yang, Exec. VP, Gen. Counsel & Corp. Sec. (Age 50, Pay $1.05M)
• Mr. Brian Michael Corales CPA, VP of Investor Relations

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

Some companies that are related to Magnolia Oil & Gas include Continental Resources (CLR), Hong Kong and China Gas (HOKCY), Woodside Petroleum (WOPEY), Marathon Oil (MRO), Sasol (SSL), EQT (EQT), Gulfport Energy (GPORQ), APA (APA), Ovintiv (OVV), Chesapeake Energy (CHK), Antero Resources (AR), Galp Energia, SGPS (GLPEY), ARC Resources (AETUF), Toray Industries (TRYIY) and Southwestern Energy (SWN).
View all of MGY's competitors.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Magnolia Oil & Gas investors own include Square (SQ), Wells Fargo & Company (WFC), Enterprise Products Partners (EPD), Energy Transfer (ET), Gilead Sciences (GILD), Occidental Petroleum (OXY), AbbVie (ABBV), AMC Entertainment (AMC), Micron Technology (MU) and (NCLH).

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 investors include Vanguard Group Inc. (6.52%), BlackRock Inc. (4.47%), Wellington Management Group LLP (3.32%), State Street Corp (2.92%), Wasatch Advisors Inc. (1.98%) and Cardinal Capital Management LLC CT (1.74%). Company insiders that own Magnolia Oil & Gas stock include John B Walker, John B Walker, Ltd Enervest, Stephen I Chazen and Stephen I Chazen.
View institutional ownership trends for Magnolia Oil & Gas.

Which institutional investors are selling Magnolia Oil & Gas stock?

MGY stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Goldman Sachs Group Inc., Federated Hermes Inc., BlackRock Inc., Rothschild & Co. Asset Management US Inc., The Manufacturers Life Insurance Company , Charles Schwab Investment Management Inc., and Avalon Investment & Advisory. Company insiders that have sold Magnolia Oil & Gas company stock in the last year include John B Walker, and Ltd Enervest.
View insider buying and selling activity for Magnolia Oil & Gas or view top insider-selling stocks.

Which institutional investors are buying Magnolia Oil & Gas stock?

MGY stock was purchased by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Renaissance Technologies LLC, State Street Corp, Nordea Investment Management AB, Dimensional Fund Advisors LP, Wellington Management Group LLP, Segantii Capital Management Ltd, and Stephens Investment Management Group LLC.
View insider buying and selling activity for Magnolia Oil & Gas or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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What is Magnolia Oil & Gas' stock price today?

One share of MGY stock can currently be purchased for approximately $24.52.

How much money does Magnolia Oil & Gas make?

Magnolia Oil & Gas has a market capitalization of $5.56 billion and generates $1.08 billion in revenue each year. The company earns $417.28 million in net income (profit) each year or $2.87 on an earnings per share basis.

How many employees does Magnolia Oil & Gas have?

Magnolia Oil & Gas employs 192 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].