Magnolia Oil & Gas Corporation (NYSE:MGY) finished Wednesday with an addition of $0.41 to close at $20.27, an upside of 2.06 percent. An average of 2,605,740 shares of common stock have been traded in the last five days. There was a gain of $1.52 in the past week. The last 20 days have seen an average of 2,591,230 shares traded, while the 50-day average volume stands at 1,828,938.
MGY stock has increased by 27.56% in the last month. The company shares reached their 1-month lowest point of $15.71 on 09/20/21. With the stock rallying to its 52-week high on 10/11/21, shares of the company touched a low of $4.09 and a high of $20.62 in 52 weeks. In spite of this, the price is down -1.70% from the 52-week high.
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7 days have passed since Magnolia Oil & Gas Corporation (MGY) last reported insider trading activity. EnerVest, Ltd., who is Director, most recently acquired $5,000,000 shares at $18.50 per share on Oct 07. In this transaction, the insider spent $92,500,000. Director, Walker John B, disposed of 5,000,000 shares at a price of $18.50 on Oct 07. The insider now owns more than $92,500,000 worth of shares. Prior to that, Director Walker John B went on to Sale 7,500,000 shares at $16.38 each on Sep 28. An amount of $122,850,000 was transacted.
Magnolia Oil & Gas Corporation (MGY) has a trailing price-to-earnings (P/E) ratio of 18.87, which compares with the 18.90 for the broader industry and 19.70 for the sector. 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 6.28, the price-to-book (PB) ratio at 5.69, and the price-to-cash flow ratio at 15.90.
Magnolia Oil & Gas Corporation pays a $0.16 dividend per share annually. It offers a dividend yield of 0.79%. The company’s most recent quarterly dividend payment took place on Sep. 1, and it was $0.08 a share. Its dividend has been increased for the last 1 consecutive year.
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 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.
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 quarter, EBITDA amounted to $180.86 million. Shareholders own equity worth $235.85 million.
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 13 October was 76.40%, suggesting the stock is Overbought, with historical volatility in this time frame at 30.42%.
As of today, MGY’s price is $19.77 +8.11% or $1.52 from its 5-day moving average. MGY is currently trading +19.73% higher than its 20-day SMA and +71.63% higher than its 100-day SMA. However, the stock’s current price level is +43.86% above the SMA50 and +177.29% above the SMA200.
The stochastic %K and %D were 87.46% and 87.62%, respectively, and the average true range (ATR) was 0.86. With the 14-day stochastic at 92.39% and the average true range at 0.83, the RSI (14) stands at 72.63%. The stock has reached 0.69 on the 9-day MACD Oscillator while the 14-day reading was at 1.34.
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 $19.00. Taking a look at these predictions, the average price target given by analysts for Magnolia Oil & Gas Corporation (MGY) stock is $19.57.