Magnolia Oil & Gas Corporation (NYSE:MGY) saw an upside of 1.06% to close Monday at $20.00 after adding $0.21 on the day. The 5-day average trading volume is 2,772,860 shares of the company’s common stock. It has gained $20.62 in the past week. An average of 2,475,840 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,815,462.
MGY’s 1-month performance is 24.84% or $3.98 on its low of $15.71 reached on 09/20/21. The company’s shares have touched a 52-week low of $4.09 and high of $20.06, with the stock’s rally to the 52-week high happening on 10/11/21. YTD, MGY has achieved 183.29% or $12.94. However, the current price is down -0.30%% from the 52-week high price.
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On Sep 28, 14 days have gone by since the last insider trading activity for Magnolia Oil & Gas Corporation (MGY). Walker John B (Director) most recently sold 7,500,000 shares at $16.38 per share on Sep 28. This transaction cost the insider $122,850,000. Director, EnerVest, Ltd., sold 7,500,000 shares at a price of $16.38 on Sep 28. Then, on Jun 18, Director EnerVest, Ltd. sold 7,600,000 shares at a price of $14.35 per share. This transaction amounted to $109,060,000.
The company’s PE ratio for the last five years has touched a high of 43.67 and a low of 3.137. MGY stock has a beta of 2.47. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 6.20 while the price-to-book (PB) in the most recent quarter is 5.62, with the price to cash flow ratio at 15.69.
It is projected that Magnolia Oil & Gas Corporation’s next ex-dividend date will be on 10-Feb. MGY is expected to distribute $0.08 as its next dividend.
Magnolia Oil & Gas Corporation’s quick ratio for the period ended June 29 was 1.90, with the current ratio over the same period at 1.90 meaning that MGY stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.62, while the total debt to equity was 0.62. In terms of profitability, the gross margin trailing 12 months is 84.90%. The trailing 12-month EBITDA margin is -45.06% while for the period ending June 29; Magnolia Oil & Gas Corporation’s operating margin was 40.20%. The firm’s gross profit as reported stood at $505.86 million against revenue of $534.51 million.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected MGY to announce $0.41 per share in earnings in its latest quarter, but it posted $0.56, representing a 36.60% surprise. EBITDA for the quarter stood at more than $180.86 million. MGY stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 655.69 million, with total debt at $393.59 million. Shareholders hold equity totaling $235.85 million
Let’s look briefly at Magnolia Oil & Gas Corporation (MGY) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 76.35% to suggest the stock is trending Overbought, with historical volatility in this time period at 33.95%.
The stock’s 5-day moving average is $19.29, reflecting a +4.28% or $0.82 change from its current price. MGY is currently trading +22.47% above its 20-day SMA, +68.35% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +42.86% and +165.60% respectively.
Stochastic %K and %D was 87.59% and 84.57% and the average true range (ATR) pointed at 0.85. The RSI (14) points at 72.29%, while the 14-day stochastic is at 86.52% with the period’s ATR at 0.82. The stock’s 9-day MACD Oscillator is pointing at 0.76 and 1.34 on the 14-day charts.
In the most recent analyst report for Magnolia Oil & Gas Corporation (NYSE: MGY), Truist upgraded it to a Buy rating. They previously had a Hold rating on the stock. Analysts offering their rating for MGY stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate MGY as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 10 have offered a “buy” rating.
What is MGY’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $14.00 and a high of $25.00, with their median price target at $19.00. Looking at these predictions, the average price target given by analysts is for Magnolia Oil & Gas Corporation (MGY) stock is $19.57.