Magnolia Oil & Gas Corp [MGY] stock prices are up 2.29% to $26.85 at the moment. 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 10.63% over the last week, with a monthly amount glided 11.87%, 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 October 01, 2024, when Wells Fargo downgraded its rating to a Underweight and also revised its price target to $22 from $26. Previously, Wolfe Research started tracking the stock with Outperform rating on July 18, 2024, and set its price target to $32. On April 19, 2024, downgrade downgraded it’s rating to Neutral but maintained its price target of $29 on the stock. BofA Securities started tracking the stock assigning a Buy rating and suggested a price target of $25 on February 27, 2024. Citigroup downgraded its rating to a Sell and reduced its price target to $18 on December 11, 2023. Wells Fargo started tracking with a Equal Weight rating for this stock on November 15, 2023, and assigned it a price target of $23. In a note dated August 16, 2023, Mizuho downgraded an Neutral rating on this stock and revised its target price from $28 to $25.
The stock price of Magnolia Oil & Gas Corp [MGY] has been fluctuating between $19.16 and $27.63 over the past year. 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 $26.85 at the most recent close of the market. An investor can expect a potential drop of -5.03% based on the average MGY price forecast.
Analyzing the MGY fundamentals
The Magnolia Oil & Gas Corp [NYSE:MGY] reported sales of 1.29B for trailing twelve months, representing a surge of 20.13%. 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 26.50 points at the first support level, and at 26.16 for the second support level. However, for the 1st resistance point, the stock is sitting at 27.07, and for the 2nd resistance point, it is at 27.29.
Ratios To Look Out For
It’s worth pointing out that Magnolia Oil & Gas Corp [NYSE:MGY]’s Current Ratio is 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 4.13, the price to book ratio is 2.95 and price to earnings (TTM) ratio is 13.19.
Transactions by insiders
Recent insider trading involved EnerVest, Ltd., Director, that happened on Sep 23 ’24 when 7.0 million shares were sold. Director, Walker John B completed a deal on Sep 23 ’24 to sell 7.0 million shares. Meanwhile, Director EnerVest Energy Institutional bought 0.64 million shares on Sep 23 ’24.
