Magnolia Oil & Gas Corporation (NYSE:MGY) went up by 2.75% from its latest closing price compared to the recent 1-year high of $12.61. The company’s stock price has collected 12.70% of gains in the last five trading sessions. Press Release reported on 11/05/20 that Magnolia Oil & Gas Corporation Announces Third Quarter 2020 Results
Is It Worth Investing in Magnolia Oil & Gas Corporation (NYSE :MGY) Right Now?
Plus, the 36-month beta value for MGY is at 2.72. Opinions of the stock are interesting as 8 analysts out of 14 who provided ratings for Magnolia Oil & Gas Corporation declared the stock was a “buy,” while 0 rated the stock as “overweight,” 6 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $8.35, which is -$0.64 below the current price. MGY currently public float of 105.52M and currently shorts hold a 19.15% ratio of that float. Today, the average trading volume of MGY was 1.68M shares.
MGY’s Market Performance
MGY stocks went up by 12.70% for the week, with a monthly jump of 11.30% and a quarterly performance of 75.00%, while its annual performance rate touched -27.27%. The volatility ratio for the week stands at 4.60% while the volatility levels for the past 30 days are set at 4.90% for Magnolia Oil & Gas Corporation. The simple moving average for the period of the last 20 days is 17.13% for MGY stocks with a simple moving average of 51.16% for the last 200 days.
Analysts’ Opinion of MGY
Many brokerage firms have already submitted their reports for MGY stocks, with MKM Partners repeating the rating for MGY by listing it as a “Neutral.” The predicted price for MGY in the upcoming period, according to MKM Partners is $7 based on the research report published on November 30th of the previous year 2020.
Barclays gave a rating of “Overweight” to MGY, setting the target price at $8 in the report published on August 27th of the previous year.
MGY Trading at 35.84% from the 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, the company was unable to rebound, for now settling with -28.95% of loss for the given period.
Volatility was left at 4.90%, however, over the last 30 days, the volatility rate increased by 4.60%, as shares surge +16.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +101.35% upper at present.
During the last 5 trading sessions, MGY rose by +12.70%, which changed the moving average for the period of 200-days by +118.00% in comparison to the 20-day moving average, which settled at $7.71. In addition, Magnolia Oil & Gas Corporation saw 26.91% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at MGY starting from CHAZEN STEPHEN I, who purchase 40,000 shares at the price of $5.77 back on Nov 19. After this action, CHAZEN STEPHEN I now owns 6,989,245 shares of Magnolia Oil & Gas Corporation, valued at $230,924 using the latest closing price.
CHAZEN STEPHEN I, the Chairman, President & CEO of Magnolia Oil & Gas Corporation, purchase 35,000 shares at $5.59 during a trade that took place back on Sep 22, which means that CHAZEN STEPHEN I is holding 6,945,318 shares at $195,748 based on the most recent closing price.
Stock Fundamentals for MGY
Current profitability levels for the company are sitting at:
- +13.67 for the present operating margin
- +26.82 for the gross margin
The net margin for Magnolia Oil & Gas Corporation stands at +5.36. The total capital return value is set at 4.11, while invested capital returns managed to touch 2.37. Equity return is now at value -145.40, with -62.90 for asset returns.
Based on Magnolia Oil & Gas Corporation (MGY), the company’s capital structure generated 22.18 points at debt to equity in total, while total debt to capital is 18.15. Total debt to assets is 11.36, with long-term debt to equity ratio resting at 22.03. Finally, the long-term debt to capital ratio is 18.03.
When we switch over and look at the enterprise to sales, we see a ratio of 3.49, with the company’s debt to enterprise value settled at 0.12. The receivables turnover for the company is 7.61 and the total asset turnover is 0.27. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.67.