A share price of Magnolia Oil & Gas Corp [MGY] is currently trading at $26.84, up 0.71%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MGY shares have gain 0.83% over the last week, with a monthly amount glided 13.11%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 8, April 2024, Magnolia Oil & Gas Schedules Conference Call for First Quarter 2024 Results. In a post published today on Yahoo Finance, Magnolia Oil & Gas Corporation (NYSE: MGY) will host a conference call and webcast to discuss operational and financial results for the first quarter 2024 on Wednesday, May 8 at 10:00 a.m. Central Time (11:00 a.m. Eastern Time).
From an analyst’s perspective:
Magnolia Oil & Gas Corp [NYSE: MGY] stock has seen the most recent analyst activity on February 27, 2024, when BofA Securities initiated its Buy rating and assigned the stock a price target of $25. Previously, Citigroup downgraded its rating to Sell on December 11, 2023, and dropped its price target to $18. On November 15, 2023, Wells Fargo initiated with a Equal Weight rating and assigned a price target of $23 on the stock. Mizuho downgraded its rating to a Neutral and decreased its price target to $25 on August 16, 2023. KeyBanc Capital Markets downgraded its rating to a Sector Weight. Mizuho started tracking with a Buy rating for this stock on January 10, 2023, and assigned it a price target of $32. In a note dated September 20, 2022, KeyBanc Capital Markets initiated an Overweight rating and provided a target price of $28 on this stock.
Magnolia Oil & Gas Corp experienced fluctuations in its stock price throughout the past year between $18.72 and $27.20. Currently, Wall Street analysts expect the stock to reach $26.79 within the next 12 months. Magnolia Oil & Gas Corp [NYSE: MGY] shares were valued at $26.84 at the most recent close of the market. An investor can expect a potential drop of -0.19% based on the average MGY price forecast.
Analyzing the MGY fundamentals
Trailing Twelve Months sales for Magnolia Oil & Gas Corp [NYSE:MGY] were 1.23B which represents -7.57% decline. Gross Profit Margin for this corporation currently stands at 0.65% with Operating Profit Margin at 0.44%, Pretax Profit Margin comes in at 0.45%, and Net Profit Margin reading is 0.32%. To continue investigating profitability, this company’s Return on Assets is posted at 0.14, Equity is 0.24 and Total Capital is 0.22. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.24.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 26.57 points at the first support level, and at 26.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 26.99, and for the 2nd resistance point, it is at 27.15.
Magnolia Oil & Gas Corp [MGY] reported earnings per share of $0.52 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.53/share, meaning a difference of -$0.01 and a surprise factor of -1.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.54 per share as compared to estimates of $0.53 per share, a difference of $0.01 representing a surprise of 1.90%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Magnolia Oil & Gas Corp [NYSE:MGY] is 1.88. As well, the Quick Ratio is 1.88, while the Cash Ratio is 1.27. Considering the valuation of this stock, the price to sales ratio is 4.47, the price to book ratio is 3.25 and price to earnings (TTM) ratio is 13.16.
Transactions by insiders
Recent insider trading involved LARSON JAMES R, Director, that happened on Sep 12 ’23 when 1000.0 shares were purchased.
