At the time of writing, Magnolia Oil & Gas Corp [MGY] stock is trading at $24.83, up 2.56%. 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 7.21% over the last week, with a monthly amount drifted -0.96%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Magnolia Oil & Gas Corp [NYSE: MGY] stock has seen the most recent analyst activity on July 18, 2024, when Wolfe Research initiated its Outperform rating and assigned the stock a price target of $32. Previously, Piper Sandler downgraded its rating to Neutral on April 19, 2024, and kept the price target unchanged to $29. On February 27, 2024, BofA Securities initiated with a Buy rating and assigned a price target of $25 on the stock. Citigroup downgraded its rating to a Sell and decreased its price target to $18 on December 11, 2023. Wells Fargo initiated its recommendation with a Equal Weight and recommended $23 as its price target on November 15, 2023. Mizuho downgraded its rating to Neutral for this stock on August 16, 2023, and downed its price target to $25. In a note dated August 10, 2023, KeyBanc Capital Markets downgraded an Sector Weight rating on this stock.
For the past year, the stock price of Magnolia Oil & Gas Corp fluctuated between $19.16 and $27.63. Currently, Wall Street analysts expect the stock to reach $25.5 within the next 12 months. Magnolia Oil & Gas Corp [NYSE: MGY] shares were valued at $24.83 at the most recent close of the market. An investor can expect a potential return of 2.7% based on the average MGY price forecast.
Analyzing the MGY fundamentals
According to Magnolia Oil & Gas Corp [NYSE:MGY], the company’s sales were 1.29B for trailing twelve months, which represents an 20.13% jump. Gross Profit Margin for this corporation currently stands at 0.58% with Operating Profit Margin at 0.42%, Pretax Profit Margin comes in at 0.42%, and Net Profit Margin reading is 0.29%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.22 and Total Capital is 0.22. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.22.
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 24.43 points at the first support level, and at 24.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 25.05, and for the 2nd resistance point, it is at 25.26.
Ratios To Look Out For
It is important to note that Magnolia Oil & Gas Corp [NYSE:MGY] has a current ratio of 1.28. As well, the Quick Ratio is 1.28, while the Cash Ratio is 0.78. Considering the valuation of this stock, the price to sales ratio is 3.82, the price to book ratio is 2.72 and price to earnings (TTM) ratio is 12.19.
Transactions by insiders
Recent insider trading involved Walker John B, Director, that happened on May 14 ’24 when 12.0 million shares were sold. Director, EnerVest, Ltd. completed a deal on May 14 ’24 to sell 12.0 million shares.
