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Is Magnolia Oil & Gas Corporation (MGY) a Keeper?

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Magnolia Oil & Gas Corporation (NYSE:MGY) went up by 6.54% from its latest closing price compared to the recent 1-year high of $22.09. The company’s stock price has collected -0.28% of loss in the last five trading sessions. Barron’s reported on 11/03/21 that Energy Dividend Trend Is Catching On. Not Everyone’s on Board.

Is It Worth Investing in Magnolia Oil & Gas Corporation (NYSE :MGY) Right Now?

Magnolia Oil & Gas Corporation (NYSE:MGY) scored a price-to-earnings ratio above its average ratio, recording 12.35 x from its present earnings ratio. Plus, the 36-month beta value for MGY is at 2.43.


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The average price from analysts is $23.31, which is $1.64 above the current price. MGY currently public float of 161.65M and currently shorts hold a 12.13% ratio of that float. Today, the average trading volume of MGY was 1.77M shares.

MGY’s Market Performance

MGY stocks went down by -0.28% for the week, with a monthly jump of 2.74% and a quarterly performance of 5.74%, while its annual performance rate touched 134.38%. The volatility ratio for the week stands at 5.26% while the volatility levels for the past 30 days are set at 4.75% for Magnolia Oil & Gas Corporation. The simple moving average for the period of the last 20 days is 8.76% for MGY stocks with a simple moving average of 31.15% for the last 200 days.

Analysts’ Opinion of MGY

Many brokerage firms have already submitted their reports for MGY stocks, with Wells Fargo repeating the rating for MGY by listing it as a “Equal Weight.” The predicted price for MGY in the upcoming period, according to Wells Fargo is $23 based on the research report published on January 05th of the current year 2022.

JP Morgan, on the other hand, stated in their research note that they expect to see MGY reach a price target of $24. The rating they have provided for MGY stocks is “Neutral” according to the report published on December 07th, 2021.

MGY Trading at 6.48% 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 -4.93% of loss for the given period.

Volatility was left at 4.75%, however, over the last 30 days, the volatility rate increased by 5.26%, as shares surge +6.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.57% upper at present.

During the last 5 trading sessions, MGY fell by -0.28%, which changed the moving average for the period of 200-days by +82.29% in comparison to the 20-day moving average, which settled at $19.38. In addition, Magnolia Oil & Gas Corporation saw 11.29% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at MGY starting from EnerVest, Ltd., who sale 5,000,000 shares at the price of $18.50 back on Oct 07. After this action, EnerVest, Ltd. now owns 18,735,406 shares of Magnolia Oil & Gas Corporation, valued at $92,500,000 using the latest closing price.

Walker John B, the Director of Magnolia Oil & Gas Corporation, sale 5,000,000 shares at $18.50 during a trade that took place back on Oct 07, which means that Walker John B is holding 18,735,406 shares at $92,500,000 based on the most recent closing price.

Stock Fundamentals for MGY

Equity return is now at value 47.60, with 19.70 for asset returns.

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