Magnolia Oil & Gas Corp (NYSE: MGY) has seen a decline in its stock price by -1.64 in relation to its previous close of 25.34. However, the company has experienced a 1.03% gain in its stock price over the last five trading sessions. zacks.com reported 2024-06-25 that The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here’s why you should take advantage.
Is It Worth Investing in Magnolia Oil & Gas Corp (NYSE: MGY) Right Now?
The price-to-earnings ratio for Magnolia Oil & Gas Corp (NYSE: MGY) is 12.44x, which is above its average ratio. Moreover, the 36-month beta value for MGY is 2.02. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for MGY is 174.12M and currently, short sellers hold a 17.69% of that float. On June 26, 2024, MGY’s average trading volume was 2.41M shares.
MGY’s Market Performance
MGY stock saw an increase of 1.03% in the past week, with a monthly gain of 0.06% and a quarterly increase of -0.46%. The volatility ratio for the week is 2.03%, and the volatility levels for the last 30 days are 2.14% for Magnolia Oil & Gas Corp (MGY). The simple moving average for the last 20 days is 0.60% for MGY stock, with a simple moving average of 8.00% for the last 200 days.
Analysts’ Opinion of MGY
Many brokerage firms have already submitted their reports for MGY stocks, with Piper Sandler repeating the rating for MGY by listing it as a “Neutral.” The predicted price for MGY in the upcoming period, according to Piper Sandler is $29 based on the research report published on April 19, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see MGY reach a price target of $25. The rating they have provided for MGY stocks is “Buy” according to the report published on February 27th, 2024.
Citigroup gave a rating of “Sell” to MGY, setting the target price at $18 in the report published on December 11th of the previous year.
MGY Trading at -1.50% 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 -8.80% of loss for the given period.
Volatility was left at 2.14%, however, over the last 30 days, the volatility rate increased by 2.03%, as shares sank -1.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.47% lower at present.
During the last 5 trading sessions, MGY rose by +1.42%, which changed the moving average for the period of 200-days by +5.97% in comparison to the 20-day moving average, which settled at $24.76. In addition, Magnolia Oil & Gas Corp saw 17.07% 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 Walker John B, who sale 12,000,000 shares at the price of $25.58 back on May 14 ’24. After this action, Walker John B now owns 4,164,961 shares of Magnolia Oil & Gas Corp, valued at $306,960,000 using the latest closing price.
EnerVest, Ltd., the Director of Magnolia Oil & Gas Corp, sale 12,000,000 shares at $25.58 during a trade that took place back on May 14 ’24, which means that EnerVest, Ltd. is holding 4,164,961 shares at $306,960,000 based on the most recent closing price.
Stock Fundamentals for MGY
Current profitability levels for the company are sitting at:
- 0.43 for the present operating margin
- 0.63 for the gross margin
The net margin for Magnolia Oil & Gas Corp stands at 0.3. The total capital return value is set at 0.22. Equity return is now at value 22.58, with 13.84 for asset returns.
Based on Magnolia Oil & Gas Corp (MGY), the company’s capital structure generated 0.19 points at debt to capital in total, while cash flow to debt ratio is standing at 2.15. The debt to equity ratio resting at 0.23. The interest coverage ratio of the stock is 1927.94.
Currently, EBITDA for the company is 879.05 million with net debt to EBITDA at -0.01. When we switch over and look at the enterprise to sales, we see a ratio of 3.63. The receivables turnover for the company is 6.32for trailing twelve months and the total asset turnover is 0.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.71.
Conclusion
To wrap up, the performance of Magnolia Oil & Gas Corp (MGY) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
