Currently, there are 183.16M common shares owned by the public and among those 181.35M shares have been available to trade.
The company’s stock has a 5-day price change of 3.02% and 0.95% over the past three months. MGY shares are trading 20.15% year to date (YTD), with the 12-month market performance up to 14.97% higher. It has a 12-month low price of $19.16 and touched a high of $27.63 over the same period. MGY has an average intraday trading volume of 1.98 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.58%, 1.61%, and 6.63% respectively.
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Institutional ownership of Magnolia Oil & Gas Corp (NYSE: MGY) shares accounts for 109.87% of the company’s 183.16M shares outstanding.
It has a market capitalization of $5.09B and a beta (3y monthly) value of 2.00. The stock’s trailing 12-month PE ratio is 12.56, while the earnings-per-share (ttm) stands at $2.04. The company has a PEG of 2.24 and a Quick Ratio of 1.28 with the debt-to-equity ratio at 0.22. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.87% over the week and 2.35% over the month.
Earnings per share for the fiscal year are expected to decrease by -0.83%, and 6.80% over the next financial year. EPS should shrink at an annualized rate of 5.60% over the next five years, compared to 14.59% over the past 5-year period.
Looking at the support for the MGY, a number of firms have released research notes about the stock. Wolfe Research stated their Outperform rating for the stock in a research note on July 18, 2024, with the firm’s price target at $32. Piper Sandler coverage for the Magnolia Oil & Gas Corp (MGY) stock in a research note released on April 19, 2024 offered a Neutral rating with a price target of $29. BofA Securities was of a view on February 27, 2024 that the stock is Buy, while Citigroup gave the stock Sell rating on December 11, 2023, issuing a price target of $24- $18. Wells Fargo on their part issued Equal Weight rating on November 15, 2023.
