Monitor The Insider Activity Of Magnolia Oil & Gas Corporation (MGY)

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As of Friday close, Magnolia Oil & Gas Corporation’s (NYSE:MGY) stock was down -$0.33, moving down -1.65 percent to $19.64. The average number of shares traded per day over the past five days has been 4,933,480 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.17 fall in that time frame. In the last twenty days, the average volume was 2,640,600, while in the previous 50 days, it was 2,108,114.

Since last month, MGY stock retreated -13.02%. Shares of the company fell to $18.81 on 03/16/23, the lowest level in the past month. A 52-week high of $30.31 was reached on 01/17/23 after having rallying from a 52-week low of $18.01. Since the beginning of this year, MGY’s stock price has dropped by -16.25% or -$3.81, and marked a new high 3 times. However, the stock has declined by -35.20% since its 52-week high.

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Sponsored

MGY stock investors should be aware that Magnolia Oil & Gas Corporation (MGY) stock had its last reported insider trading activity 130 days ago on Nov 08. Walker John B, the Director of the company, disposed of 7,500,000 shares for $24.26 on Nov 08. It resulted in a $181,950,000 divestment by the insider. EnerVest, Ltd. sold 7,500,000 shares at an average price of $24.26 on Nov 08. The insider now owns 8,296,077 shares following the transaction. On Jun 06, Director EnerVest, Ltd. sold 7,500,000 shares at $27.01 apiece. The transaction was valued at $202,575,000.

Valuation Metrics

Right now, Magnolia Oil & Gas Corporation (MGY) has a P/E ratio of about 4.14. The stock’s beta is 2.17. Besides these, the trailing price-to-sales (P/S) ratio of 2.54, the price-to-book (PB) ratio of 2.37, and the price-to-cash flow ratio of 5.70 may also be considered.

The latest dividend of $0.1150 per share was paid out, which is 15.0% more than last year’s $0.10. On Tuesday January 31 2023, a $0.0150 dividend increase was announced.

Financial Health

In the three months ended September 29, Magnolia Oil & Gas Corporation’s quick ratio stood at 2.50, while its current ratio was 2.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.25, and the total debt-to-equity ratio was 0.25. On the profitability front, the trailing twelve-month gross margin is 88.40% percent. In the year ended September 29, operating margins totaled 63.30%. Based on annual data, MGY earned $1.63 billion in gross profit and brought in $1.69 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 54.20%. Return on equity (ROE) for the past 12 months was 73.80%.

In Magnolia Oil & Gas Corporation’s quarter-end financial report for September 29, it reported total debt of $390.38 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. MGY’s revenue rose 3.63% to $482.96 million during the quarter, while net income inched up to $349.04 million. While analysts expected Magnolia Oil & Gas Corporation to report $1.13 quarterly earnings, the actual figure was $1.29 per share, beating the consensus estimate by 14.20%. During the quarter, the company generated $262.77 million in EBITDA. The liabilities of Magnolia Oil & Gas Corporation were 832.39 million at the end of its most recent quarter ended September 29, and its total debt was $396.31 million. The value of shareholders’ equity is $213.89 million.

Technical Picture

This quick technical analysis looks at Magnolia Oil & Gas Corporation’s (MGY) price momentum. With a historical volatility rate of 36.05%, the RSI 9-day stood at 32.06% on 17 March.

With respect to its five-day moving average, the current Magnolia Oil & Gas Corporation price is down by -5.62% percent or -$1.17. At present, MGY shares trade -11.77% below its 20-day simple moving average and -21.12% percent below its 100-day simple moving average. However, the stock is currently trading approximately -12.24% below its SMA50 and -28.87% below its SMA200.

Stochastic coefficient K was 18.18% and Stochastic coefficient D was 16.22%, while ATR was 0.96. Given the Stochastic reading of 17.97% for the 14-day period, the RSI (14) reading has been calculated as 35.27%. As of today, the MACD Oscillator reading stands at -0.99, while the 14-day reading stands at -1.71.

Analyst Ratings

Mizuho launched its rating on Magnolia Oil & Gas Corporation (NYSE: MGY) to a Buy in a note to investors on January 10, 2023. Magnolia Oil & Gas Corporation (MGY) has been rated Overweight by analysts. According to 0 brokerage firms, MGY is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Magnolia Oil & Gas Corporation stock as buy, with 10 recommending it as overweight.

With a median target price of $28.50, the current consensus forecast for the stock is $25.00 – $35.00. Based on these forecasts, analysts predict Magnolia Oil & Gas Corporation (MGY) will achieve an average price target of $28.50.

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