Magnolia Oil & Gas Corporation (NYSE: MGY) is 12.61% higher on its value in year-to-date trading and has touched a low of $3.23 and a high of $13.28 in the current 52-week trading range. The MGY stock was last observed hovering at around $7.26 in the last trading session, with the day’s gains setting it 0.69% off its average median price target of $8.00 for the next 12 months. It is also 27.73% off the consensus price target high of $11.00 offered by 14 analysts, but current levels are -32.5% lower than the price target low of $6.00 for the same period.
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Currently trading at $7.95, the stock is 6.81% and 27.49% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.07 million and changing 9.50% at the moment leaves the stock 36.61% off its SMA200. MGY registered -39.31% loss for a year compared to 6-month gain of 24.61%. The firm has a 50-day simple moving average (SMA 50) of $7.02 and a 200-day simple moving average (SMA200) of $6.09.
The stock witnessed a 17.60% loss in the last 1 month and extending the period to 3 months gives it a 47.22%, and is 8.76% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.33% over the week and 5.08% over the month.
Magnolia Oil & Gas Corporation (MGY) has around 45 employees, a market worth around $2.10B and $615.00M in sales. Fwd P/E is 13.32. Distance from 52-week low is 146.13% and -40.16% from its 52-week high. The company has generated returns on investments over the last 12 months (5.20%).
Magnolia Oil & Gas Corporation (MGY) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Magnolia Oil & Gas Corporation (MGY) is a “Overweight”. 14 analysts offering their recommendations for the stock have an average rating of 2.40, where 6 rate it as a Hold and 0 think it is a “Overweight”. 8 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Magnolia Oil & Gas Corporation is expected to release its quarterly report on 05/10/2021 and quarterly earnings per share for the current quarter are estimated at $0.11 with sales reaching $140.91M over the same period.The EPS is expected to shrink by -82.60% this year, but quarterly earnings will post -43.80% year-over-year. Quarterly sales are estimated to shrink -38.70% in year-over-year returns.
Magnolia Oil & Gas Corporation (MGY) Top Institutional Holders
250 institutions hold shares in Magnolia Oil & Gas Corporation (MGY), with 11.13M shares held by insiders accounting for 6.72% while institutional investors hold 116.74% of the company’s shares. The shares outstanding are 166.47M, and float is at 105.52M with Short Float at 19.15%. Institutions hold 108.89% of the Float.
The top institutional shareholder in the company is EnerVest Limited with over 34.89 million shares valued at $180.37 million. The investor’s holdings represent 21.08% of the MGY Shares outstanding. As of Sep 29, 2020, the second largest holder is Price (T.Rowe) Associates Inc with 17.39 million shares valued at $89.93 million to account for 10.51% of the shares outstanding. The other top investors are FMR, LLC which holds 13.91 million shares representing 8.41% and valued at over $71.94 million, while Vanguard Group, Inc. (The) holds 7.42% of the shares totaling 12.29 million with a market value of $63.53 million.
Magnolia Oil & Gas Corporation (MGY) Insider Activity
The most recent transaction is an insider purchase by CHAZEN STEPHEN I, the company’s Chairman, President & CEO. SEC filings show that CHAZEN STEPHEN I bought 40,000 shares of the company’s common stock on Nov 19 at a price of $5.77 per share for a total of $0.23 million. Following the purchase, the insider now owns 6.99 million shares.
Magnolia Oil & Gas Corporation disclosed in a document filed with the SEC on Sep 22 that CHAZEN STEPHEN I (Chairman, President & CEO) bought a total of 35,000 shares of the company’s common stock. The trade occurred on Sep 22 and was made at $5.59 per share for $0.2 million. Following the transaction, the insider now directly holds 6.95 million shares of the MGY stock.
Still, SEC filings show that on Jun 26, CHAZEN STEPHEN I (Chairman, President & CEO) acquired 10,000 shares at an average price of $5.53 for $55250.0. The insider now directly holds 6,906,585 shares of Magnolia Oil & Gas Corporation (MGY).