Magnolia Oil & Gas Corporation (NYSE: MGY)’s stock price has plunge by -0.26relation to previous closing price of 22.91. Nevertheless, the company has seen a -2.81% plunge in its stock price over the last five trading sessions. Zacks Investment Research reported 2023-09-06 that Magnolia Oil & Gas (MGY) plans to expand its presence in Giddings with the acquisition of 48k net acres and 5k Boe/d production in the area.
Is It Worth Investing in Magnolia Oil & Gas Corporation (NYSE: MGY) Right Now?
Magnolia Oil & Gas Corporation (NYSE: MGY) has a higher price-to-earnings ratio of 6.53x compared to its average ratio, and the 36-month beta value for MGY is at 2.11. Analysts have varying views on the stock, with 8 analysts rating it as a “buy,” 0 rating it as “overweight,” 7 as “hold,” and 0 as “sell.”
The average price suggested by analysts for MGY is $26.69, which is $4.15 above the current market price. The public float for MGY is 177.27M, and currently, shorts hold a 9.66% of that float. The average trading volume for MGY on September 20, 2023 was 2.03M shares.
MGY’s Market Performance
The stock of Magnolia Oil & Gas Corporation (MGY) has seen a -2.81% decrease in the past week, with a -0.17% drop in the past month, and a 14.02% gain in the past quarter. The volatility ratio for the week is 2.52%, and the volatility levels for the past 30 days are at 2.27% for MGY. The simple moving average for the last 20 days is -0.62% for MGY stock, with a simple moving average of 4.36% 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 “Neutral.” The predicted price for MGY in the upcoming period, according to Mizuho is $25 based on the research report published on August 16, 2023 of the current year 2023.
MGY Trading at 2.08% 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 -17.12% of loss for the given period.
Volatility was left at 2.27%, however, over the last 30 days, the volatility rate increased by 2.52%, as shares sank -0.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.58% upper at present.
During the last 5 trading sessions, MGY fell by -2.81%, which changed the moving average for the period of 200-days by -12.38% in comparison to the 20-day moving average, which settled at $22.99. In addition, Magnolia Oil & Gas Corporation saw -2.56% 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 LARSON JAMES R, who purchase 1,000 shares at the price of $23.52 back on Sep 12. After this action, LARSON JAMES R now owns 76,671 shares of Magnolia Oil & Gas Corporation, valued at $23,520 using the latest closing price.
Walker John B, 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 Walker John B 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:
- +63.37 for the present operating margin
- +73.19 for the gross margin
The net margin for Magnolia Oil & Gas Corporation stands at +52.27. The total capital return value is set at 59.96, while invested capital returns managed to touch 55.68. Equity return is now at value 43.70, with 26.60 for asset returns.
Based on Magnolia Oil & Gas Corporation (MGY), the company’s capital structure generated 25.33 points at debt to equity in total, while total debt to capital is 20.21. Total debt to assets is 15.52, with long-term debt to equity ratio resting at 25.08. Finally, the long-term debt to capital ratio is 20.01.
When we switch over and look at the enterprise to sales, we see a ratio of 3.19, with the company’s debt to enterprise value settled at 0.09. The receivables turnover for the company is 10.57 and the total asset turnover is 0.78. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.50.
In conclusion, Magnolia Oil & Gas Corporation (MGY) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.