Magnolia Oil & Gas Corp (NYSE: MGY) is -11.04% lower on its value in year-to-date trading and has touched a low of $19.09 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 $20.51 in the last trading session, with the day’s gains setting it 0.29%.
Currently trading at $20.80, the stock is 0.09% and -7.92% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.21 million and changing 1.41% at the moment leaves the stock -15.48% off its SMA200. MGY registered -16.50% loss for a year compared to 6-month loss of -17.72%.
The stock witnessed a -1.42% gain in the last 1 month and extending the period to 3 months gives it a -13.91%, and is -2.39% 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 3.30% over the week and 4.96% over the month.
Magnolia Oil & Gas Corp (MGY) has around 252 employees, a market worth around $4.00B and $1.35B in sales. Current P/E ratio is 10.32 and Fwd P/E is 10.50. Profit margin for the company is 28.13%. Distance from 52-week low is 8.96% and -28.33% from its 52-week high. The company has generated returns on investments over the last 12 months (16.29%).
The EPS is expected to shrink by -5.51% this year.
Magnolia Oil & Gas Corp (MGY) Top Institutional Holders
The shares outstanding are 187.67M, and float is at 182.45M with Short Float at 14.92%.
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 Szabo Shandell, the company’s Director. SEC filings show that Szabo Shandell bought 11,731 shares of the company’s common stock on May 02 ’25 at a price of $21.30 per share for a total of $0.25 million. Following the purchase, the insider now owns 18095.0 shares.
Magnolia Oil & Gas Corp disclosed in a document filed with the SEC on Mar 03 ’25 that Stavros Christopher G (CEO & DIRECTOR) bought a total of 2,500 shares of the company’s common stock. The trade occurred on Mar 03 ’25 and was made at $22.05 per share for $55138.0. Following the transaction, the insider now directly holds 0.89 million shares of the MGY stock.
Still, SEC filings show that on Jan 08 ’25, Millican Steve (Officer) Proposed Sale 195,293 shares at an average price of $24.14 for $4.71 million. The insider now directly holds shares of Magnolia Oil & Gas Corp (MGY).
