Magnolia Oil & Gas Corporation (NYSE:MGY) went down by -3.12% from its latest closing price compared to the recent 1-year high of $30.31. The company’s stock price has collected -1.44% of loss in the last five trading sessions.
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 5.34 x from its present earnings ratio. Plus, the 36-month beta value for MGY is at 2.16. Opinions of the stock are interesting as 9 analysts out of 16 who provided ratings for Magnolia Oil & Gas Corporation declared the stock was a “buy,” while 1 rated the stock as “overweight,” 6 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $28.71, which is $6.28 above the current price. MGY currently public float of 169.78M and currently shorts hold a 7.23% ratio of that float. Today, the average trading volume of MGY was 1.59M shares.
MGY’s Market Performance
MGY stocks went down by -1.44% for the week, with a monthly drop of -0.43% and a quarterly performance of -6.43%, while its annual performance rate touched 17.38%. The volatility ratio for the week stands at 3.42% while the volatility levels for the past 30 days are set at 3.69% for Magnolia Oil & Gas Corporation. The simple moving average for the period of the last 20 days is 0.60% for MGY stocks with a simple moving average of -1.96% for the last 200 days.
Analysts’ Opinion of MGY
Many brokerage firms have already submitted their reports for MGY stocks, with Mizuho repeating the rating for MGY by listing it as a “Buy.” The predicted price for MGY in the upcoming period, according to Mizuho is $32 based on the research report published on January 10th of the current year 2023.
KeyBanc Capital Markets, on the other hand, stated in their research note that they expect to see MGY reach a price target of $28. The rating they have provided for MGY stocks is “Overweight” according to the report published on September 20th, 2022.
MKM Partners gave a rating of “Buy” to MGY, setting the target price at $26 in the report published on July 20th of the previous year.
MGY Trading at -3.41% 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 -23.13% of loss for the given period.
Volatility was left at 3.69%, however, over the last 30 days, the volatility rate increased by 3.42%, as shares surge +1.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.65% lower at present.
During the last 5 trading sessions, MGY fell by -1.44%, which changed the moving average for the period of 200-days by -0.94% in comparison to the 20-day moving average, which settled at $23.17. In addition, Magnolia Oil & Gas Corporation saw -0.64% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at MGY starting from Walker John B, who sale 7,500,000 shares at the price of $24.26 back on Nov 08. After this action, Walker John B now owns 8,296,077 shares of Magnolia Oil & Gas Corporation, valued at $181,950,000 using the latest closing price.
EnerVest, Ltd., the Director of Magnolia Oil & Gas Corporation, sale 7,500,000 shares at $24.26 during a trade that took place back on Nov 08, which means that EnerVest, Ltd. is holding 8,296,077 shares at $181,950,000 based on the most recent closing price.
Stock Fundamentals for MGY
Current profitability levels for the company are sitting at:
- +55.88 for the present operating margin
- +68.04 for the gross margin
The net margin for Magnolia Oil & Gas Corporation stands at +38.44. Equity return is now at value 79.60, with 41.00 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 2.37.