Summary

25.41 -0.58(-2.23%)07/05/2024
Magnolia Oil & Gas Corp (MGY)

Key Facts


1 Day1 Week1 Month3 Months6 Months1 Year5 YearsAll Time
-2.230.325.39-5.8220.8322.10129.40160.14


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Trading Data
Close25.41
Open25.88
High25.93
Low25.23
Volume872,084
Change-0.58
Change %-2.23
Avg Volume (20 Days)1,436,194
Volume/Avg Volume (20 Days) Ratio0.61
52 Week Range19.16 - 27.33
Price vs 52 Week High-7.03%
Price vs 52 Week Low32.62%
Range-1.82
Gap Up/Down-0.14
Fundamentals
Market Capitalization (Mln)4,690
EBIDTA1,202,642,048
PE Ratio11.2485
PEG Ratio0.0000
WallStreet Target Price22.57
Book Value3.8990
Earnings Per Share1.7060
EPS Estimate Current Quarter0.6000
EPS Estimate Next Quarter0.5900
EPS Estimate Current Year2.4100
EPS Estimate Next Year2.4400
Diluted EPS (TTM)1.7060
Revenues
Profit Marging0.3308
Operating Marging (TTM)0.4948
Return on asset (TTM)0.1825
Return on equity (TTM)0.4769
Revenue TTM891,203,008
Revenue per share TTM5.2290
Quarterly Revenue Growth (YOY)1.3420
Quarterly Earnings Growth (YOY)12.4820
Gross Profit (TTM)425,269,000
Dividends
Dividend Share0.0800
Dividend Yield0.0041
Valuations
Trailing PE11.2485
Forward PE7.6570
Price Sales (TTM)0.0000
Price Book (MRQ)5.3496
Revenue Enterprise Value 4.3296
EBITDA Enterprise Value6.0365
Shares
Shares Outstanding181,802,000
Shares Float153,876,874
Shares Short0
Shares Short (Prior Month)0
Shares Ratio0.00
Short Outstanding (%)0.00
Short Float (%)0.00
Insider (%)4.83
Institutions (%)102.10


06/25 10:50 EST - zacks.com
Here's Why Magnolia Oil & Gas Corp (MGY) is a Strong Momentum Stock
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
06/21 10:40 EST - zacks.com
Here's Why Magnolia Oil & Gas Corp (MGY) is a Strong Value Stock
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
06/10 08:40 EST - businesswire.com
Glancy Prongay & Murray LLP Announces Investigation of Magnolia Oil & Gas Corporation
NEW YORK--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces its investigation of Magnolia Oil & Gas Corporation (NYSE: MGY) concerning the Company and its directors' and officers' possible violations of state laws. If you own Magnolia Oil & Gas stock, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Tom Kennedy, of GPM, 230 Park Avenue, Suite 358, New.
06/05 10:46 EST - zacks.com
Why Magnolia Oil & Gas Corp (MGY) is a Top Value Stock for the Long-Term
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
05/31 16:06 EST - seekingalpha.com
Magnolia Oil & Gas: Returns About To Shift Into High Gear
Magnolia Oil & Gas Corporation reported a solid quarter, with production in line and higher-than-expected oil cut. EBITDA and Free Cash Flow beat expectations due to strong commodity price realizations and disciplined spending. The balance sheet remains rock solid following a shareholder sale repurchase and another bolt on.
05/31 06:00 EST - investorplace.com
7 Oil Stocks to Watch as Middle East Politics Take Center Stage
For a consistently cynical take, it's difficult to ignore the viability of oil stocks to watch. In particular, the hydrocarbon sector cooled off, only to spike back up as tensions in the Middle East flared again.
05/29 10:56 EST - zacks.com
Why Magnolia Oil & Gas Corp (MGY) is a Top Momentum Stock for the Long-Term
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
05/20 01:38 EST - https://www.defenseworld.net
Magnolia Oil & Gas Co. Expected to Post Q2 2024 Earnings of $0.49 Per Share (NYSE:MGY)
Magnolia Oil & Gas Co. (NYSE:MGY – Free Report) – Zacks Research boosted their Q2 2024 earnings per share (EPS) estimates for Magnolia Oil & Gas in a note issued to investors on Thursday, May 16th. Zacks Research analyst N. Choudhury now forecasts that the company will post earnings of $0.49 per share for the quarter, up from their prior forecast of $0.46. The consensus estimate for Magnolia Oil & Gas’ current full-year earnings is $2.23 per share. Zacks Research also issued estimates for Magnolia Oil & Gas’ Q3 2024 earnings at $0.52 EPS, FY2024 earnings at $1.99 EPS, Q1 2025 earnings at $0.50 EPS, Q2 2025 earnings at $0.55 EPS, Q3 2025 earnings at $0.58 EPS, Q4 2025 earnings at $0.56 EPS, FY2025 earnings at $2.19 EPS and Q1 2026 earnings at $0.54 EPS. Several other equities research analysts also recently weighed in on MGY. Susquehanna raised their price objective on Magnolia Oil & Gas from $28.00 to $31.00 and gave the company a “positive” rating in a report on Monday, April 22nd. Truist Financial upped their price objective on Magnolia Oil & Gas from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Piper Sandler reissued a “neutral” rating and set a $29.00 target price on shares of Magnolia Oil & Gas in a report on Friday, April 19th. Mizuho raised their price target on shares of Magnolia Oil & Gas from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Finally, The Goldman Sachs Group increased their price objective on Magnolia Oil & Gas from $24.50 to $28.00 and gave the company a “buy” rating in a report on Tuesday, March 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Magnolia Oil & Gas presently has a consensus rating of “Hold” and a consensus target price of $27.88. View Our Latest Report on MGY Magnolia Oil & Gas Trading Up 1.0 % Shares of Magnolia Oil & Gas stock opened at $25.48 on Monday. The firm has a market capitalization of $5.17 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 1.47 and a beta of 2.03. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.21. The firm’s 50 day moving average is $25.61 and its 200 day moving average is $22.82. Magnolia Oil & Gas has a 1 year low of $19.05 and a 1 year high of $27.33. Magnolia Oil & Gas Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 13th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $0.52 annualized dividend and a dividend yield of 2.04%. Magnolia Oil & Gas’s payout ratio is 25.87%. Insider Buying and Selling In related news, Director John B. Walker sold 12,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $25.58, for a total transaction of $306,960,000.00. Following the completion of the sale, the director now owns 4,164,961 shares of the company’s stock, valued at $106,539,702.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is currently owned by insiders. Institutional Inflows and Outflows Several institutional investors and hedge funds have recently added to or reduced their stakes in MGY. Vanguard Group Inc. boosted its holdings in Magnolia Oil & Gas by 16.6% in the first quarter. Vanguard Group Inc. now owns 20,757,369 shares of the company’s stock worth $538,654,000 after acquiring an additional 2,956,314 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Magnolia Oil & Gas by 2,799.2% in the first quarter. Principal Financial Group Inc. now owns 1,881,039 shares of the company’s stock worth $48,813,000 after acquiring an additional 1,816,158 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Magnolia Oil & Gas by 20.2% in the fourth quarter. First Trust Advisors LP now owns 10,126,891 shares of the company’s stock valued at $215,602,000 after purchasing an additional 1,704,982 shares in the last quarter. abrdn plc bought a new position in shares of Magnolia Oil & Gas in the third quarter valued at approximately $28,249,000. Finally, American Century Companies Inc. lifted its holdings in shares of Magnolia Oil & Gas by 24.7% in the third quarter. American Century Companies Inc. now owns 6,009,953 shares of the company’s stock valued at $137,688,000 after purchasing an additional 1,188,536 shares in the last quarter. Institutional investors own 94.73% of the company’s stock. Magnolia Oil & Gas Company Profile (Get Free Report) Magnolia Oil & Gas Corporation, an independent oil and natural gas company, engages in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids reserves in the United States. Its properties are located primarily in Karnes County and the Giddings area in South Texas principally comprising the Eagle Ford Shale and the Austin Chalk formation. Read More Five stocks we like better than Magnolia Oil & Gas Industrial Products Stocks Investing MarketBeat Week in Review – 5/13 – 5/17 What is the Australian Securities Exchange (ASX) Take-Two Interactive Software Offers 2nd Chance for Investors How to Invest in Blue Chip Stocks Deere & Company’s Q2 Report: Strong Revenue, Cautious Outlook
05/14 16:32 EST - businesswire.com
EnerVest Sale of 12,000,000 Shares of Class A Common Stock of Magnolia; Magnolia to Purchase 3,000,000 Shares of Class B Common Stock from EnerVest
HOUSTON--(BUSINESS WIRE)--EnerVest Sale of 12,000,000 Shares of Class A Common Stock of Magnolia; Magnolia to Purchase 3,000,000 Shares of Class B Common Stock from EnerVest.
05/10 09:06 EST - zacks.com
Magnolia (MGY) Q1 Earnings Beat Estimates, Revenues Rise Y/Y
Magnolia (MGY) expects D&C capital expenditures to be $120 million to $125 million for the second quarter of 2024 and between $450 million and $480 million for the entire year.
05/08 16:56 EST - seekingalpha.com
Magnolia Oil & Gas Corporation (MGY) Q1 2024 Earnings Call Transcript
Magnolia Oil & Gas Corporation (NYSE:MGY ) Q1 2024 Earnings Conference Call May 8, 2024 11:00 AM ET Company Participants Tom Fitter - IR Chris Stavros - President and CEO Brian Corales - SVP and CFO Conference Call Participants Neal Dingmann - Truist Leo Mariani - ROTH MKM Charles Meade - Johnson Rice Oliver Huang - Tudor Pickering Holton Company Zach Parham - JPMorgan Noah Hungness - Bank of America Ati Modak - Goldman Sachs Hanwen Chang - Wells Fargo Sean Mitchell - Daniel Energy Partners Paul Diamond - Citi Operator Good morning, everyone, and thank you for participating in Magnolia Oil & Gas Corporation's First Quarter 2024 Earnings Conference Call. My name is Megan, and I will be your moderator for today's call.
05/07 18:56 EST - zacks.com
Magnolia Oil & Gas Corp (MGY) Q1 Earnings and Revenues Beat Estimates
Magnolia Oil & Gas Corp (MGY) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.56 per share a year ago.
04/30 11:06 EST - zacks.com
Magnolia Oil & Gas Corp (MGY) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
Magnolia Oil & Gas Corp (MGY) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
04/08 08:00 EST - businesswire.com
Magnolia Oil & Gas Schedules Conference Call for First Quarter 2024 Results
HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Schedules Conference Call for First Quarter 2024 Results.
04/01 12:13 EST - youtube.com
Constructive on Canadian oil complex as oil demand peak hits next decade, says Goldman's Mehta
Neil Mehta, Goldman Sachs managing director, joins 'Money Movers' to discuss his thoughts on the oil sector, the major oil companies, and more.
03/15 12:35 EST - zacks.com
Magnolia Oil & Gas Corp (MGY) Up 12.5% Since Last Earnings Report: Can It Continue?
Magnolia Oil & Gas Corp (MGY) reported earnings 30 days ago. What's next for the stock?
03/14 10:36 EST - zacks.com
Healthy Crude Oil Prices Fuel Upstream Sector Expansion
Healthy oil prices raise the incentive to keep tabs on upstream firms like Matador (MTDR), Marathon Oil (MRO) and Magnolia (MGY).
03/13 10:50 EST - zacks.com
U.S. Oil Production Hits Record High, Set to Remain Dominant
As U.S. crude production gears up for new heights, our recommendation is to concentrate on domestic E&P companies with strong fundamentals, such as APA, FANG and MGY.
03/01 18:47 EST - prnewswire.com
Super Micro Computer and Deckers Outdoor Set to Join S&P 500; Others to Join S&P 100, S&P MidCap 400 and S&P SmallCap 600
NEW YORK , March 1, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P 100, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, March 18, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range.
02/28 08:11 EST - zacks.com
4 Stocks to Navigate Challenges in the U.S. Upstream Industry
Following a careful analysis of the Zacks Oil and Gas - Exploration and Production - United States industry, we advise focusing on companies like FANG, CTRA, APA and MGY.