Magnolia Oil & Gas Corporation (NYSE:MGY) went down by -0.74% from its latest closing price when compared to the 1-year high value of $14.13 and move down -249.75%, while MGY stocks collected +19.53% of gains with the last five trading sessions. Press Release reported on 03/24/20 that Magnolia Oil & Gas Provides Update on Current Operations
Magnolia Oil & Gas Corporation (NYSE:MGY) Worth an Investment?
Magnolia Oil & Gas Corporation (NYSE: MGY) scored price to earnings ratio above its average ratio, recording 13.98 times of increase in earnings at the present.
MGY Market Performance
MGY stocks went up by 19.53% for the week, with the monthly drop of -45.55% and a quarterly performance of -68.01%, while its annual performance rate touched -66.64%. The simple moving average for the period of the last 20 days is -26.58% for MGY stocks with the simple moving average of -61.24% for the last 200 days.
Analysts’ Opinion on Magnolia Oil & Gas Corporation (NYSE:MGY)
Many brokerage firms have already submitted their reports for MGY stocks, with Barclays repeating the rating for MGY shares by setting it to “Equal Weight”. The predicted price for MGY socks in the upcoming period according to Barclays is $14 based on the research report published on March 24, 2020.
Credit Suisse, on the other hand, stated in their research note that they expect to see MGY stock at the price of $7. The rating they have provided for MGY stocks is “Neutral” according to the report published on March 19, 2020.
SunTrust gave “ Hold” rating to MGY stocks, setting the target price at $7 in the report published on March 9, 2020.
MGY Stocks -52.36% Far from 50 Day Moving Average
After a stumble in the market that brought MGY to its low price for the period of the last 52 weeks, Magnolia Oil & Gas Corporation was unable to take a rebound, for now settling with -71.41% of loss for the given period.
The stock volatility was left at 16.63%, however, within the period of a single month, the volatility rate increased by 18.97%, while the shares sank at the distance of -45.18% for the moving average in the last 20 days. In oppose to the moving average for the last 50 days, trading by -67.21% lower at the present time.
In the course of the last 5 trading sessions, MGY went up by +19.53%, which changed the moving average for the period of 200 days to the total of -63.93% of losses for the stock in comparison to the 20-day moving average settled at $5.34. In addition, Magnolia Oil & Gas Corporation saw -67.89% in overturn over the period of a single year with a tendency to cut further losses.
MGY Stock Insider Trading
Reports are indicating that there were more than several insider trading activities at Magnolia Oil & Gas Corporation (MGY), starting from Busch Angela M, who bought 7,500 shares at the price of $6.43 back on Mar 06. After this action, Rushing now owns 44,461 shares of Magnolia Oil & Gas Corporation, valued at $48,248 with the latest closing price.
Busch Angela M, the Director of Magnolia Oil & Gas Corporation, bought 5,000 shares at the value of $7.13 during a trade that took place back on Mar 05, which means that Busch Angela M is holding 36,961 shares at the value of $35,625 based on the most recent closing price.
MGY Stock Fundamentals
The current profitability levels are settled at +13.67 for the present operating margin and +26.82 for gross margin. The net margin for Magnolia Oil & Gas Corporation stands at +5.36. Equity return holds the value 2.70%, with 1.40% for asset returns.