An Magnolia Oil & Gas Corporation (MGY) Director Sells 7.5 million Shares

Magnolia Oil & Gas Corporation (NYSE:MGY) finished Thursday with an addition of $0.19 to close at $18.94, an upside of 1.01 percent. An average of 2,693,540 shares of common stock have been traded in the last five days. There was a gain of $1.15 in the past week. The last 20 days have seen an average of 2,323,970 shares traded, while the 50-day average volume stands at 1,749,822.

MGY stock has increased by 18.97% in the last month. The company shares reached their 1-month lowest point of $15.45 on 09/08/21. With the stock rallying to its 52-week high on 10/05/21, shares of the company touched a low of $4.09 and a high of $19.61 in 52 weeks. In spite of this, the price is down -3.42% from the 52-week high.

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Insider Transactions

10 days have passed since Magnolia Oil & Gas Corporation (MGY) last reported insider trading activity. Walker John B, who is Director, most recently acquired $7,500,000 shares at $16.38 per share on Sep 28. In this transaction, the insider spent $122,850,000. Director, EnerVest, Ltd., disposed of 7,500,000 shares at a price of $16.38 on Sep 28. The insider now owns more than $122,850,000 worth of shares. Prior to that, Director EnerVest, Ltd. went on to Sale 7,600,000 shares at $14.35 each on Jun 18. An amount of $109,060,000 was transacted.

Valuation Metrics

Magnolia Oil & Gas Corporation (MGY) has a trailing price-to-earnings (P/E) ratio of 17.64, which compares with the 18.90 for the broader industry and 18.94 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, Magnolia Oil & Gas Corporation’s PE ratio has ranged between 43.67 and 3.137. The stock’s beta is 2.47. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.91, the price-to-book (PB) ratio at 5.32, and the price-to-cash flow ratio at 14.98.

Magnolia Oil & Gas Corporation pays a $0.16 dividend per share annually. It offers a dividend yield of 0.84%. The company has a payout ratio of 0.00%. The company’s most recent quarterly dividend payment took place on Sep. 1, and it was $0.08 a share.

Magnolia Oil & Gas Corporation will next go ex-dividend on 10-Feb. The next dividend payment Magnolia Oil & Gas Corporation will make is expected to be $0.08.

The quick ratio of Magnolia Oil & Gas Corporation for the three months ended June 29 was 1.90, and the current ratio was 1.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.62 and a total debt to equity ratio of 0.62 For the recent quarter ending June 29. Magnolia Oil & Gas Corporation’s EBITDA margin for the year ending June 29 is -45.06%, while its operating margin for the same period stands at 40.20%. Its gross profit as reported stood at $505.86 million compared to revenue of $534.51 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Magnolia Oil & Gas Corporation’s return on assets was 12.60%. For the broader industry, ROE averaged 12.45 over the past year.

Earnings Surprise

The analyst consensus anticipated Magnolia Oil & Gas Corporation’s latest quarter earnings to come in at $0.41 per share, but it turned out to be $0.56, a 36.60% surprise. For the recent quarter, EBITDA amounted to $180.86 million. Shareholders own equity worth $235.85 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Magnolia Oil & Gas Corporation (MGY) price momentum. RSI 9-day as of the close on 07 October was 68.61%, suggesting the stock is Neutral, with historical volatility in this time frame at 42.49%.

As of today, MGY’s price is $18.85 +6.46% or $1.15 from its 5-day moving average. MGY is currently trading +17.71% higher than its 20-day SMA and +47.51% higher than its 100-day SMA. However, the stock’s current price level is +32.91% above the SMA50 and +157.69% above the SMA200.

The stochastic %K and %D were 81.37% and 87.18%, respectively, and the average true range (ATR) was 0.82. With the 14-day stochastic at 82.82% and the average true range at 0.80, the RSI (14) stands at 66.82%. The stock has reached 0.51 on the 9-day MACD Oscillator while the 14-day reading was at 1.19.

Analyst Ratings

Truist upgraded Magnolia Oil & Gas Corporation (NYSE: MGY) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a a Hold.The consensus rating for Magnolia Oil & Gas Corporation (MGY) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell MGY, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 10 others rate it as a “buy”.

What is MGY’s price target for the next 12 months?

Analysts predict a range of price targets between $14.00 and $25.00, with a median target of $18.50. Taking a look at these predictions, the average price target given by analysts for Magnolia Oil & Gas Corporation (MGY) stock is $19.36.


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