A share price of Magnolia Oil & Gas Corp [MGY] is currently trading at $26.02, up 0.50%. 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 1.80% over the last week, with a monthly amount drifted -0.99%, 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 October 15, 2024, when Siebert Williams Shank downgraded its rating to a Hold but kept the price target unchanged to $30 for it. Previously, Wells Fargo downgraded its rating to Underweight on October 01, 2024, and dropped its price target to $22. On July 18, 2024, Wolfe Research initiated with a Outperform rating and assigned a price target of $32 on the stock. Piper Sandler downgraded its rating to a Neutral but stick to its price target of $29 on April 19, 2024. BofA Securities initiated its recommendation with a Buy and recommended $25 as its price target on February 27, 2024. Citigroup downgraded its rating to Sell for this stock on December 11, 2023, and downed its price target to $18. In a note dated November 15, 2023, Wells Fargo initiated an Equal Weight rating and provided a target price of $23 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 $26.02 at the most recent close of the market. An investor can expect a potential drop of -2.0% 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. 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 25.77 points at the first support level, and at 25.53 for the second support level. However, for the 1st resistance point, the stock is sitting at 26.27, and for the 2nd resistance point, it is at 26.53.
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 12.78.
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.
