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Magnolia Oil & Gas (MGY)
NYSE:MGY
Holding MGY?
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MGY Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$19.16 - $29.02
Previous Close$22.89
Volume8.31M
Average Volume (3M)2.00M
Market Cap
$4.50B
Enterprise Value$4.67B
Total Cash (Recent Filing)$276.14M
Total Debt (Recent Filing)$397.28M
Price to Earnings (P/E)11.3
Beta0.99
Next Earnings
Feb 12, 2025EPS Estimate
$0.48Last Dividend Ex-Date
Nov 08, 2024Dividend Yield2.27%
Share Statistics
EPS (TTM)2.02
Shares Outstanding196,559,730
10 Day Avg. Volume2,144,329
30 Day Avg. Volume2,003,891
Standard Deviation0.17
R-Squared0.37
Alpha0.00634
Financial Highlights & Ratios
Price to Book (P/B)2.36
Price to Sales (P/S)3.47
Price to Cash Flow (P/CF)5.20
P/FCF Ratio10.10
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.56
Enterprise Value/Gross Profit6.26
Enterprise Value/Ebitda4.93
Forecast
1Y Price Target
$27.00Price Target Upside17.96% Upside
Rating ConsensusHold
Number of Analyst Covering8
Magnolia Oil & Gas News
PremiumCompany Announcements
Magnolia Oil & Gas Strategic Financial Reshuffle Success
PremiumCompany Announcements
Magnolia Oil & Gas Reports Q3 2024 Results
PremiumCompany Announcements
Magnolia Oil & Gas Reports Strong Q3 2024 Earnings
Bulls Say, Bears Say
Bulls Say
Cost EfficiencyImproving well costs and efficiencies are enabling MGY to drill an additional 4-well pad within its initial budget.
Earnings And Financial PerformanceMGY delivered a ~3% EBITDX beat vs. expectations on stronger oil volumes and better pricing.
Production GrowthMGY is expected to deliver high single-digit oil and total production growth driven by a higher mix of Eagle Ford and oilier Giddings activity.
Bears Say
Operational CostsFinancial estimates are slightly below consensus due to higher per unit transportation and processing costs.
Production ChallengesMGY reported production disruptions due to unplanned midstream outages that impacted volumes during Q3.
Valuation ConcernsMGY is trading at a considerable premium to peers on 2025e EV/EBITDX, which keeps the stock Neutral-rated.
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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 $29.02 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 Feb 12, 2025 which is in 52 days.
How were Magnolia Oil & Gas’s earnings last quarter?
Magnolia Oil & Gas released its earnings results on Oct 30, 2024. The company reported $0.491 earnings per share for the quarter, beating the consensus estimate of $0.477 by $0.014.
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 $0.129 which represents an annual dividend yield of 2.27%. See more information on Magnolia Oil & Gas dividends here
What is Magnolia Oil & Gas’s EPS estimate?
Magnolia Oil & Gas’s EPS estimate is $0.48.
How many shares outstanding does Magnolia Oil & Gas have?
Magnolia Oil & Gas has 191,036,250 shares outstanding.
What happened to Magnolia Oil & Gas’s price movement after its last earnings report?
Magnolia Oil & Gas reported an EPS of $0.491 in its last earnings report, beating expectations of $0.477. Following the earnings report the stock price went down -1.101%.
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 21M.
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Magnolia Oil & Gas Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$27.00 (17.96% Upside)
$27.00 (17.96% Upside)
Blogger Sentiment
Bullish
MGY Sentiment 100%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 184.0K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $362.0M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 4.9%
Last 30 Days ▼ 2.9%
Last 30 Days ▼ 2.9%
Technicals
SMA
Positive
20 days / 200 days
Momentum
8.88%
12-Months-Change
Fundamentals
Return on Equity
20.95%
Trailing 12-Months
Asset Growth
5.97%
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
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Positive
The earnings call reflects a strong quarter for Magnolia Oil & Gas with significant oil production growth, efficiency in capital spending, and effective cost management. These positives are somewhat tempered by challenges with midstream facility outages and a decrease in revenue per BOE due to lower oil prices. However, the overall sentiment remains positive given the company's strategic focus on shareholder returns and successful acquisitions.Read More>---
MGY Stock 12 Month Forecast
Average Price Target
$27.00
▲(17.96% Upside)
Technical Analysis
Best Analysts Covering MGY
1 Year
1 Year Success Rate
12/18 ratings generated profit
1 Year Average Return
+46.20%
reiterated a buy rating 4 months ago
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