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Magnolia Oil & Gas (MGY)
NYSE:MGY
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MGY Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$19.16 - $27.63
Previous Close$25.21
Volume1.85M
Average Volume (3M)2.01M
Market Cap
$5.02B
Enterprise Value$5.24B
Total Cash (Recent Filing)$275.68M
Total Debt (Recent Filing)$397.07M
Price to Earnings (P/E)12.2
Beta0.98
Next Earnings
Oct 29, 2024EPS Estimate
$0.51Last Dividend Ex-Date
Aug 09, 2024Dividend Yield2.03%
Share Statistics
EPS (TTM)2.04
Shares Outstanding199,119,654
10 Day Avg. Volume1,792,260
30 Day Avg. Volume2,007,825
Standard Deviation0.17
R-Squared0.37
Alpha0.00580
Financial Highlights & Ratios
Price to Book (P/B)2.84
Price to Sales (P/S)3.88
Price to Cash Flow (P/CF)4.70
P/FCF Ratio8.80
Enterprise Value/Market CapN/A
Enterprise Value/Revenue4.05
Enterprise Value/Gross Profit7.02
Enterprise Value/Ebitda7.60
Forecast
1Y Price Target
$27.88Price Target Upside7.60% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering12
Magnolia Oil & Gas News
PremiumCompany Announcements
Magnolia Oil & Gas Announces Latest Quarterly Results
Bulls Say, Bears Say
Bulls Say
Capital ReturnsMGY continues its consistent execution on the capital returns front with ~$130.0 million returned, representing a 9.5% capital returns yield.
EarningsMGY reported 2Q2024 earnings with adjusted cash flow of ~$232.7mm, which was above both consensus and estimates.
Operational PerformanceField-level optimization and cost reduction efforts have resulted in savings ahead of schedule.
Bears Say
Market SentimentDespite the recent outperformance, the short interest remains elevated at 17.3% of the float.
Production PerformanceTheir oil cut weakened to approximately 42.1%, which was below consensus.
Stock RatingAnalyst retains a Sell rating with a target price of $22/share given the continued slide in their oil cut.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
MGY FAQ
What was Magnolia Oil & Gas’s price range in the past 12 months?
Magnolia Oil & Gas lowest stock price was $19.16 and its highest was $27.63 in the past 12 months.
What is Magnolia Oil & Gas’s market cap?
Currently, no data Available
When is Magnolia Oil & Gas’s upcoming earnings report date?
Magnolia Oil & Gas’s upcoming earnings report date is Oct 29, 2024 which is in 39 days.
How were Magnolia Oil & Gas’s earnings last quarter?
Magnolia Oil & Gas released its earnings results on Jul 31, 2024. The company reported $0.506 earnings per share for the quarter, missing the consensus estimate of $0.524 by -$0.018.
Is Magnolia Oil & Gas overvalued?
According to Wall Street analysts Magnolia Oil & Gas’s price is currently Undervalued.
Does Magnolia Oil & Gas pay dividends?
Magnolia Oil & Gas pays a Quarterly dividend of $0.13 which represents an annual dividend yield of 2.03%. See more information on Magnolia Oil & Gas dividends here
What is Magnolia Oil & Gas’s EPS estimate?
Magnolia Oil & Gas’s EPS estimate is $0.51.
How many shares outstanding does Magnolia Oil & Gas have?
Magnolia Oil & Gas has 188,161,730 shares outstanding.
What happened to Magnolia Oil & Gas’s price movement after its last earnings report?
Magnolia Oil & Gas reported an EPS of $0.506 in its last earnings report, missing expectations of $0.524. Following the earnings report the stock price went down -6.238%.
Which hedge fund is a major shareholder of Magnolia Oil & Gas?
Among the largest hedge funds holding Magnolia Oil & Gas’s share is Gilder Gagnon Howe & Co LLC.. It holds Magnolia Oil & Gas’s shares valued at 23M.
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Magnolia Oil & Gas Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$27.88 (7.60% Upside)
$27.88 (7.60% Upside)
Blogger Sentiment
Bullish
MGY Sentiment 100%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Increased
By 251.0K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.7%
Last 30 Days ▼ 7.2%
Last 30 Days ▼ 7.2%
Technicals
SMA
Positive
20 days / 200 days
Momentum
12.48%
12-Months-Change
Fundamentals
Return on Equity
21.81%
Trailing 12-Months
Asset Growth
10.76%
Trailing 12-Months
Company Description
Magnolia Oil & Gas
Magnolia Oil & Gas Corp. is engaged in oil and gas exploration and production business. It operates assets located in the Eagle Ford Shale and Austin Chalk formations in South Texas. The company was founded on July 31, 2018 and is headquartered in Houston, TX.
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MGY Company Deck
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MGY Earnings Call
Q2 2024
0:00 / 0:00
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MGY Stock 12 Month Forecast
Average Price Target
$27.88
▲(7.60% Upside)
Technical Analysis
Best Analysts Covering MGY
1 Year
1 Year Success Rate
13/18 ratings generated profit
1 Year Average Return
+47.60%
reiterated a buy rating 16 days ago
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