Magnolia Oil & Gas Corp (MGY) concluded trading on Thursday at a closing price of $25.34, with 2.37 million shares of worth about $60.07 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -0.94% during that period and on March 27, 2025 the price saw a loss of about -1.02%. Currently the company’s common shares owned by public are about 189.36M shares, out of which, 183.26M shares are available for trading.
Stock saw a price change of 0.04% in past 5 days and over the past one month there was a price change of 8.15%. Year-to-date (YTD), MGY shares are showing a performance of 8.38% which increased to 0.64% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $21.63 but also hit the highest price of $29.02 during that period. The average intraday trading volume for Magnolia Oil & Gas Corp shares is 2.69 million. The stock is currently trading 6.30% above its 20-day simple moving average (SMA20), while that difference is up 4.87% for SMA50 and it goes to 0.82% higher than SMA200.
Magnolia Oil & Gas Corp (NYSE: MGY) currently have 189.36M outstanding shares and institutions hold larger chunk of about 114.74% of that.
The stock has a current market capitalization of $4.92B and its 3Y-monthly beta is at 1.60. PE ratio of stock for trailing 12 months is 13.07, while it has posted earnings per share of $1.94 in the same period. Its PEG reads 2.86 and has Quick Ratio of 1.42 while making debt-to-equity ratio of 0.21. 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 2.38% while standing at 3.75% over the month.
Stock’s fiscal year EPS is expected to rise by 9.21% while it is estimated to increase by 7.04% in next year. EPS is likely to shrink at an annualized rate of 4.57% for next 5-years, compared to annual growth of 46.84% 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 Goldman on January 31, 2025 offering a Neutral rating for the stock and assigned a target price range of between $27 and $26 to it. Coverage by BofA Securities stated Magnolia Oil & Gas Corp (MGY) stock as a Neutral in their note to investors on January 13, 2025, suggesting a price target of $28 for the stock. On October 15, 2024, Siebert Williams Shank Downgrade their recommendations, while on October 01, 2024, Wells Fargo Downgrade their ratings for the stock with a price target of $22. Stock get an Outperform rating from Wolfe Research on July 18, 2024.
