At the time of writing, Magnolia Oil & Gas Corp [MGY] stock is trading at $27.71, up 1.54%. 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 2.33% over the last week, with a monthly amount glided 6.49%, 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 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.
For the past year, the stock price of Magnolia Oil & Gas Corp fluctuated between $19.16 and $27.96. Currently, Wall Street analysts expect the stock to reach $25.06 within the next 12 months. Magnolia Oil & Gas Corp [NYSE: MGY] shares were valued at $27.71 at the most recent close of the market. An investor can expect a potential drop of -9.56% based on the average MGY price forecast.
Analyzing the MGY fundamentals
According to Magnolia Oil & Gas Corp [NYSE:MGY], the company’s sales were 1.31B for trailing twelve months, which represents an 5.53% jump. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at 0.4%, Pretax Profit Margin comes in at 0.4%, 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 0.21 and Total Capital is 0.21. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.21.
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 27.40 points at the first support level, and at 27.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 27.94, and for the 2nd resistance point, it is at 28.16.
Ratios To Look Out For
It is important to note that Magnolia Oil & Gas Corp [NYSE:MGY] has a current ratio of 1.47. As well, the Quick Ratio is 1.47, while the Cash Ratio is 0.98. Considering the valuation of this stock, the price to sales ratio is 4.15, the price to book ratio is 2.86 and price to earnings (TTM) ratio is 13.70.
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.
