At the time of writing, Magnolia Oil & Gas Corp [MGY] stock is trading at $25.45, up 2.29%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The MGY shares have gain 6.17% over the last week, with a monthly amount drifted -0.59%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Magnolia Oil & Gas Corp [NYSE: MGY] stock has seen the most recent analyst activity on January 13, 2025, when BofA Securities downgraded its rating to a Neutral and also revised its price target to $28 from $29. Previously, Siebert Williams Shank downgraded its rating to Hold on October 15, 2024, and kept the price target unchanged to $30. On October 01, 2024, downgrade downgraded it’s rating to Underweight and revised its price target to $22 on the stock. Wolfe Research started tracking the stock assigning a Outperform rating and suggested a price target of $32 on July 18, 2024. Piper Sandler downgraded its rating to a Neutral but $29 remained the price target by the analyst firm on April 19, 2024. BofA Securities started tracking with a Buy rating for this stock on February 27, 2024, and assigned it a price target of $25. In a note dated December 11, 2023, Citigroup downgraded an Sell rating on this stock and revised its target price from $24 to $18.
For the past year, the stock price of Magnolia Oil & Gas Corp fluctuated between $19.16 and $29.02. Currently, Wall Street analysts expect the stock to reach $29 within the next 12 months. Magnolia Oil & Gas Corp [NYSE: MGY] shares were valued at $25.45 at the most recent close of the market. An investor can expect a potential return of 13.95% 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 0.52% 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 25.05 points at the first support level, and at 24.65 for the second support level. However, for the 1st resistance point, the stock is sitting at 25.74, and for the 2nd resistance point, it is at 26.03.
Ratios To Look Out For
It is important to note that Magnolia Oil & Gas Corp [NYSE:MGY] has a current ratio of 1.47. Also, the Quick Ratio is 1.47, while the Cash Ratio stands at 0.98. Considering the valuation of this stock, the price to sales ratio is 3.81, the price to book ratio is 2.63 and price to earnings (TTM) ratio is 12.59.
Transactions by insiders
Recent insider trading involved Millican Steve, Officer, that happened on Jan 08 ’25 when 0.2 million shares were purchased. Director, EnerVest, Ltd. completed a deal on Sep 23 ’24 to sell 7.0 million shares. Meanwhile, Director Walker John B sold 7.0 million shares on Sep 23 ’24.
