Magnolia Oil & Gas Corp (MGY) Analysis & Opinions from Experts

Magnolia Oil & Gas Corp (NYSE: MGY) is -7.25% lower on its value in year-to-date trading and has touched a low of $18.72 and a high of $24.34 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MGY stock was last observed hovering at around $21.73 in the last trading session, with the day’s gains setting it 0.02% off its average median price target of $25.25 for the next 12 months. It is also 29.84% off the consensus price target high of $31.00 offered by 17 analysts, but current levels are -20.83% lower than the price target low of $18.00 for the same period.

Currently trading at $21.75, the stock is 2.12% and -0.54% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.22 million and changing 0.09% at the moment leaves the stock 0.86% off its SMA200. MGY registered -7.05% loss for a year compared to 6-month gain of 8.53%. The firm has a 50-day simple moving average (SMA 50) of $3.03 and a 200-day simple moving average (SMA200) of $4.21.

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The stock witnessed a 1.59% loss in the last 1 month and extending the period to 3 months gives it a -4.06%, and is 1.12% 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 2.47% over the week and 2.65% over the month.

Magnolia Oil & Gas Corp (MGY) has around 213 employees, a market worth around $4.50B and $1.25B in sales. Current P/E ratio is 8.01 and Fwd P/E is 8.94. Profit margin for the company is 41.19%. Distance from 52-week low is 16.19% and -10.64% from its 52-week high. The company has generated returns on investments over the last 12 months (25.10%).

Magnolia Oil & Gas Corp (MGY) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Magnolia Oil & Gas Corp (MGY) is a “Overweight”. 17 analysts offering their recommendations for the stock have an average rating of 2.12, where 7 rate it as a Hold and 1 think it is a “Overweight”. 8 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

Magnolia Oil & Gas Corp is expected to release its quarterly report on 02/14/2024.The EPS is expected to shrink by -49.55% this year.

Magnolia Oil & Gas Corp (MGY) Top Institutional Holders

The shares outstanding are 192.04M, and float is at 174.60M with Short Float at 11.28%.

Magnolia Oil & Gas Corp (MGY) Insider Activity

A total of 4 insider transactions have happened at Magnolia Oil & Gas Corp (MGY) in the last six months, with sales accounting for 1 and purchases happening 3 times. The most recent transaction is an insider purchase by LARSON JAMES R,the company’sDirector. SEC filings show that LARSON JAMES R bought 1,000 shares of the company’s common stock on Sep 12 at a price of $23.52 per share for a total of $23520.0. Following the purchase, the insider now owns 76671.0 shares.