Magnolia Oil & Gas Corporation (NYSE:MGY) went up by 1.96% from its latest closing price compared to the recent 1-year high of $13.35. The company’s stock price has collected 3.01% of gains in the last five trading sessions. Press Release reported on 03/02/21 that Magnolia Oil & Gas Corporation Prices Secondary Public Offering of Class A Common Stock and Agreement to Purchase Class B Common Stock from Affiliates of EnerVest, Ltd.
Is It Worth Investing in Magnolia Oil & Gas Corporation (NYSE :MGY) Right Now?
Plus, the 36-month beta value for MGY is at 2.67. Opinions of the stock are interesting as 8 analysts out of 13 who provided ratings for Magnolia Oil & Gas Corporation declared the stock was a “buy,” while 0 rated the stock as “overweight,” 5 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $13.62, which is $0.89 above the current price. MGY currently public float of 119.11M and currently shorts hold a 10.98% ratio of that float. Today, the average trading volume of MGY was 2.60M shares.
MGY’s Market Performance
MGY stocks went up by 3.01% for the week, with a monthly drop of -6.48% and a quarterly performance of 50.57%, while its annual performance rate touched 206.14%. The volatility ratio for the week stands at 4.89% while the volatility levels for the past 30 days are set at 5.44% for Magnolia Oil & Gas Corporation. The simple moving average for the period of the last 20 days is 1.00% for MGY stocks with a simple moving average of 59.81% for the last 200 days.
Analysts’ Opinion of MGY
Many brokerage firms have already submitted their reports for MGY stocks, with Siebert Williams Shank repeating the rating for MGY by listing it as a “Buy.” The predicted price for MGY in the upcoming period, according to Siebert Williams Shank is $14 based on the research report published on April 05th of the current year 2021.
MKM Partners, on the other hand, stated in their research note that they expect to see MGY reach a price target of $7, previously predicting the price at $6. The rating they have provided for MGY stocks is “Neutral” according to the report published on November 30th, 2020.
MGY Trading at 8.79% 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 -10.34% of loss for the given period.
Volatility was left at 5.44%, however, over the last 30 days, the volatility rate increased by 4.89%, as shares sank -6.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +26.80% upper at present.
During the last 5 trading sessions, MGY rose by +3.01%, which changed the moving average for the period of 200-days by +104.27% in comparison to the 20-day moving average, which settled at $11.81. In addition, Magnolia Oil & Gas Corporation saw 69.55% 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 Walker John B, who sale 19,550,000 shares at the price of $10.16 back on Mar 05. After this action, Walker John B now owns 29,503,847 shares of Magnolia Oil & Gas Corporation, valued at $198,555,665 using the latest closing price.
EnerVest, Ltd., the Director of Magnolia Oil & Gas Corporation, sale 19,550,000 shares at $10.16 during a trade that took place back on Mar 05, which means that EnerVest, Ltd. is holding 29,503,847 shares at $198,555,665 based on the most recent closing price.
Stock Fundamentals for MGY
Current profitability levels for the company are sitting at:
- -101.85 for the present operating margin
- -83.11 for the gross margin
The net margin for Magnolia Oil & Gas Corporation stands at -226.08. The total capital return value is set at -24.97, while invested capital returns managed to touch -77.65. Equity return is now at value -224.70, with -83.50 for asset returns.
Based on Magnolia Oil & Gas Corporation (MGY), the company’s capital structure generated 72.72 points at debt to equity in total, while total debt to capital is 42.10. Total debt to assets is 27.43, with long-term debt to equity ratio resting at 72.39. Finally, the long-term debt to capital ratio is 41.91.
When we switch over and look at the enterprise to sales, we see a ratio of 3.13, with the company’s debt to enterprise value settled at 0.24. The receivables turnover for the company is 5.71 and the total asset turnover is 0.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.18.