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Magnolia Oil & Gas (MGY)
NYSE:MGY
Magnolia Oil & Gas (MGY) Stock Price & Analysis
354 Followers
MGY Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$18.94 - $27.20
Previous Close$25.46
Volume1.92M
Average Volume (3M)2.31M
Market Cap
$5.16B
Enterprise Value$5.36B
Total Cash (Recent Filing)$399.32M
Total Debt (Recent Filing)$396.87M
Price to Earnings (P/E)12.7
Beta0.98
Next Earnings
Jul 30, 2024EPS Estimate
$0.56Last Dividend Ex-Date
May 10, 2024Dividend Yield1.93%
Share Statistics
EPS (TTM)2.00
Shares Outstanding202,758,056
10 Day Avg. Volume2,199,816
30 Day Avg. Volume2,305,781
Standard Deviation0.17
R-Squared0.38
Alpha0.00485
Financial Highlights & Ratios
Price to Book (P/B)2.97
Price to Sales (P/S)3.67
Price to Cash Flow (P/CF)6.00
P/FCF Ratio16.10
Enterprise Value/Market CapN/A
Enterprise Value/Revenue4.54
Enterprise Value/Gross Profit7.17
Enterprise Value/Ebitda8.21
Forecast
1Y Price Target
$28.64Price Target Upside12.53% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering13
Magnolia Oil & Gas News
Bulls Say, Bears Say
Bulls Say
Balance Sheet StrengthMGY ended Q1 with $399MM of cash and a 0.0x leverage ratio, one of the strongest balance sheets in the E&P sector.
Financial PerformanceMGY delivered another quarter of solid oil growth and improving oil ratio.
Shareholder ReturnsMGY returned $79MM to shareholders, split between dividends and share repurchases.
Bears Say
Operating ExpensesOperating expenses were mixed as LOE of ~$5.98/boe was above consensus (~$5.55/boe) & our estimate (~$5.65/boe).
Production LevelsMGY's total production of 84.8 Mboed was below consensus expectation of 86.0 Mboed.
Valuation And Well ProductivityPremium valuation and downward pressure on Giddings well productivity/oil ratio keep us on the sideline.
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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 $18.94 and its highest was $27.20 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 Jul 30, 2024 which is in 27 days.
How were Magnolia Oil & Gas’s earnings last quarter?
Magnolia Oil & Gas released its earnings results on May 07, 2024. The company reported $0.477 earnings per share for the quarter, beating the consensus estimate of $0.466 by $0.011.
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 1.93%. See more information on Magnolia Oil & Gas dividends here
What is Magnolia Oil & Gas’s EPS estimate?
Magnolia Oil & Gas’s EPS estimate is $0.56.
How many shares outstanding does Magnolia Oil & Gas have?
Magnolia Oil & Gas has 180,931,240 shares outstanding.
What happened to Magnolia Oil & Gas’s price movement after its last earnings report?
Magnolia Oil & Gas reported an EPS of $0.477 in its last earnings report, beating expectations of $0.466. Following the earnings report the stock price went up 0.312%.
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 25M.
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Magnolia Oil & Gas Stock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$28.64 (12.53% Upside)
$28.64 (12.53% Upside)
Blogger Sentiment
Bullish
MGY Sentiment 100%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Increased
By 142.0K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $613.9M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.2%
Last 30 Days ▼ 2.2%
Last 30 Days ▼ 2.2%
Technicals
SMA
Positive
20 days / 200 days
Momentum
24.48%
12-Months-Change
Fundamentals
Return on Equity
22.58%
Trailing 12-Months
Asset Growth
9.00%
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
Q1 2024
0:00 / 0:00
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MGY Stock 12 Month Forecast
Average Price Target
$28.64
▲(12.53% Upside)
Technical Analysis
Best Analysts Covering MGY
1 Year
1 Year Success Rate
12/15 ratings generated profit
1 Year Average Return
+26.75%
reiterated a buy rating 2 months ago
Copying Gabriele Sorbara's trades and holding each position for 1 Year would result in 80.00% of your transactions generating a profit, with an average return of +26.75% per trade.
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