A share price of Magnolia Oil & Gas Corp [MGY] is currently trading at $26.00, up 0.35%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MGY shares have gain 9.06% over the last week, with a monthly amount glided 5.35%, and 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.
Magnolia Oil & Gas Corp experienced fluctuations in its stock price throughout the past year 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 $26.00 at the most recent close of the market. An investor can expect a potential drop of -1.92% based on the average MGY price forecast.
Analyzing the MGY fundamentals
Trailing Twelve Months sales for Magnolia Oil & Gas Corp [NYSE:MGY] were 1.29B which represents 20.13% growth. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.22.
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 25.48 points at the first support level, and at 24.96 for the second support level. However, for the 1st resistance point, the stock is sitting at 26.38, and for the 2nd resistance point, it is at 26.77.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Magnolia Oil & Gas Corp [NYSE:MGY] is 1.28. Further, the Quick Ratio stands at 1.28, while the Cash Ratio is 0.78. Considering the valuation of this stock, the price to sales ratio is 4.00, the price to book ratio is 2.85 and price to earnings (TTM) ratio is 12.77.
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.
