Magnolia Oil & Gas Corp (MGY) concluded trading on Wednesday at a closing price of $20.42, with 4.66 million shares of worth about $95.11 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -9.96% during that period and on Wednesday the price saw a gain of about 0.39%. Currently the company’s common shares owned by public are about 192.04M shares, out of which, 174.59M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 21 times over the past 12 months. They bought 41,876 shares in 12 of the transactions. In 9 selling transactions, insiders dumped 83,617 shares.
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Stock saw a price change of 0.99% in past 5 days and over the past one month there was a price change of 2.82%. Year-to-date (YTD), MGY shares are showing a performance of -4.09% which decreased to -11.49% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $18.72 but also hit the highest price of $24.02 during that period. The average intraday trading volume for Magnolia Oil & Gas Corp shares is 2.17 million. The stock is currently trading 0.54% above its 20-day simple moving average (SMA20), while that difference is down -1.86% for SMA50 and it goes to -4.63% lower than SMA200.
Magnolia Oil & Gas Corp (NYSE: MGY) currently have 192.04M outstanding shares and institutions hold larger chunk of about 90.45% of that.
The stock has a current market capitalization of $4.23B and its 3Y-monthly beta is at 2.04. PE ratio of stock for trailing 12 months is 7.52, while it has posted earnings per share of $2.72 in the same period. It has Quick Ratio of 2.65 while making debt-to-equity ratio of 0.24. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MGY, volatility over the week remained 2.10% while standing at 2.36% over the month.
Analysts are in expectations that Magnolia Oil & Gas Corp (MGY) stock would likely to be making an EPS of $Pagaya Technologies Ltd. in the current quarter, while forecast for next quarter EPS is $1.24 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Vanguard Mega Cap Growth ETF which is $VAALCO Energy, Inc. at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $MoneyHero Limited in the same quarter a year ago. EPS is likely to shrink at an annualized rate of -9.83% for next 5-years, compared to annual growth of 16.45% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Citigroup on December 11, 2023 offering a Sell rating for the stock and assigned a target price range of between $24 and $18 to it.
