Magnolia Oil & Gas Corp (NYSE: MGY) is 23.02% higher on its value in year-to-date trading and has touched a low of $18.72 and a high of $27.33 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MGY stock was last observed hovering at around $26.68 in the last trading session, with the day’s loss setting it -0.49%.
Currently trading at $26.19, the stock is 1.67% and 11.59% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.54 million and changing -1.84% at the moment leaves the stock 17.63% off its SMA200. MGY registered 12.89% gain for a year compared to 6-month gain of 15.12%.
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The stock witnessed a 8.99% loss in the last 1 month and extending the period to 3 months gives it a 28.38%, and is -1.62% down 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 2.26% over the week and 1.97% over the month.
Magnolia Oil & Gas Corp (MGY) has around 247 employees, a market worth around $5.35B and $1.23B in sales. Current P/E ratio is 12.84 and Fwd P/E is 10.73. Profit margin for the company is 31.29%. Distance from 52-week low is 39.90% and -4.17% from its 52-week high. The company has generated returns on investments over the last 12 months (18.36%).
The EPS is expected to grow by 5.32% this year.
Magnolia Oil & Gas Corp (MGY) Top Institutional Holders
The shares outstanding are 183.16M, and float is at 171.53M with Short Float at 19.12%.
Magnolia Oil & Gas Corp (MGY) Insider Activity
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 ’23 at a price of $23.52 per share for a total of $23520.0. Following the purchase, the insider now owns 76671.0 shares.
