Magnolia Oil & Gas Corp (NYSE: MGY) is -2.14% lower on its value in year-to-date trading and has touched a low of $21.63 and a high of $29.02 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 $23.66 in the last trading session, with the day’s loss setting it -0.78%.
Currently trading at $22.88, the stock is -2.16% and -4.92% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.93 million and changing -3.30% at the moment leaves the stock -9.05% off its SMA200. MGY registered -3.74% loss for a year compared to 6-month loss of -2.93%.
The stock witnessed a 0.39% gain in the last 1 month and extending the period to 3 months gives it a -14.15%, and is 1.19% 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 4.39% over the week and 3.81% over the month.
Magnolia Oil & Gas Corp (MGY) has around 252 employees, a market worth around $4.44B and $1.32B in sales. Current P/E ratio is 11.80 and Fwd P/E is 9.87. Profit margin for the company is 27.47%. Distance from 52-week low is 5.78% and -21.16% from its 52-week high. The company has generated returns on investments over the last 12 months (15.64%).
with sales reaching $338.53M over the same period.The EPS is expected to grow by 9.59% this year, but quarterly earnings will post 3.79% year-over-year. Quarterly sales are estimated to grow 5.98% in year-over-year returns.
Magnolia Oil & Gas Corp (MGY) Top Institutional Holders
The shares outstanding are 189.36M, and float is at 183.44M with Short Float at 17.48%.
The top institutional shareholder in the company is BLACKROCK INC. with over 29.14 million shares valued at $738.49 million. The investor’s holdings represent 15.7585% of the MGY Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 19.84 million shares valued at $502.87 million to account for 10.7305 of the shares outstanding. The other top investors are FIRST TRUST ADVISORS LP which holds 11.09 million shares representing 5.9964% and valued at over $281.01 million, while STATE STREET CORP holds 5.5505 of the shares totaling 10.26 million with a market value of $260.11 million.
Magnolia Oil & Gas Corp (MGY) Insider Activity
The most recent transaction is an insider purchase by Stavros Christopher G, the company’s CEO & DIRECTOR. SEC filings show that Stavros Christopher G bought 2,500 shares of the company’s common stock on Mar 03 ’25 at a price of $22.05 per share for a total of $55138.0. Following the purchase, the insider now owns 0.89 million shares.
Still, SEC filings show that on Sep 23 ’24, EnerVest, Ltd. (Director) disposed off 7,000,000 shares at an average price of $25.86 for $181.02 million. The insider now directly holds 2,099,403 shares of Magnolia Oil & Gas Corp (MGY).
