At the time of writing, Magnolia Oil & Gas Corp [MGY] stock is trading at $24.01, down -0.12%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The MGY shares have gain 2.17% over the last week, with a monthly amount drifted -7.30%, 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 31, 2025, when Goldman downgraded its rating to a Neutral and also revised its price target to $26 from $27. Previously, BofA Securities downgraded its rating to Neutral on January 13, 2025, and dropped its price target to $28. On October 15, 2024, downgrade downgraded it’s rating to Hold but maintained its price target of $30 on the stock. Wells Fargo downgraded its rating to a Underweight and decreased its price target to $22 on October 01, 2024. Wolfe Research initiated its recommendation with a Outperform and recommended $32 as its price target on July 18, 2024. Piper Sandler downgraded its rating to Neutral for this stock on April 19, 2024, but kept the price target unchanged to $29. In a note dated February 27, 2024, BofA Securities initiated an Buy rating and provided a target price of $25 on this stock.
For the past year, the stock price of Magnolia Oil & Gas Corp fluctuated between $21.49 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 $24.01 at the most recent close of the market. An investor can expect a potential return of 20.78% based on the average MGY price forecast.
Analyzing the MGY fundamentals
According to Magnolia Oil & Gas Corp [NYSE:MGY], the company’s sales were 1.32B for trailing twelve months, which represents an 1.23% jump. Gross Profit Margin for this corporation currently stands at 0.51% with Operating Profit Margin at 0.39%, Pretax Profit Margin comes in at 0.37%, and Net Profit Margin reading is 0.28%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.24 and Total Capital is 0.2. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.52.
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 23.81 points at the first support level, and at 23.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 24.22, and for the 2nd resistance point, it is at 24.43.
Ratios To Look Out For
It is important to note that Magnolia Oil & Gas Corp [NYSE:MGY] has a current ratio of 1.42. In addition, the Quick Ratio stands at 1.42 and the Cash Ratio stands at 0.9. Considering the valuation of this stock, the price to sales ratio is 3.54, the price to book ratio is 2.45 and price to earnings (TTM) ratio is 12.38.
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.
