The stock of Magnolia Oil & Gas Corp (MGY) has seen a -0.16% decrease in the past week, with a 2.86% gain in the past month, and a 0.08% flourish in the past quarter. The volatility ratio for the week is 1.89%, and the volatility levels for the past 30 days are at 2.30% for MGY. The simple moving average for the last 20 days is -2.28% for MGY’s stock, with a simple moving average of 3.82% for the last 200 days.
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 above average at 12.55x, Company’s 36-month beta value is 2.01.Analysts have differing 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 183.41M, and currently, short sellers hold a 16.22% ratio of that floaft. The average trading volume of MGY on October 31, 2024 was 2.10M shares.
MGY) stock’s latest price update
Magnolia Oil & Gas Corp (NYSE: MGY)’s stock price has gone rise by 1.03 in comparison to its previous close of 25.30, however, the company has experienced a -0.16% decrease in its stock price over the last five trading days. zacks.com reported 2024-10-30 that Magnolia Oil & Gas Corp (MGY) came out with quarterly earnings of $0.52 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.54 per share a year ago.
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 “Hold.” The predicted price for MGY in the upcoming period, according to Siebert Williams Shank is $30 based on the research report published on October 15, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see MGY reach a price target of $22, previously predicting the price at $26. The rating they have provided for MGY stocks is “Underweight” according to the report published on October 01st, 2024.
Wolfe Research gave a rating of “Outperform” to MGY, setting the target price at $32 in the report published on July 18th of the current year.
MGY Trading at 1.08% 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 -7.49% of loss for the given period.
Volatility was left at 2.30%, however, over the last 30 days, the volatility rate increased by 1.89%, as shares surge +1.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.44% upper at present.
During the last 5 trading sessions, MGY fell by -0.16%, which changed the moving average for the period of 200-days by +28.70% in comparison to the 20-day moving average, which settled at $26.16. In addition, Magnolia Oil & Gas Corp saw 20.06% 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 7,000,000 shares at the price of $25.86 back on Sep 23 ’24. After this action, EnerVest, Ltd. now owns 2,099,403 shares of Magnolia Oil & Gas Corp, valued at $181,020,000 using the latest closing price.
Walker John B, the Director of Magnolia Oil & Gas Corp, sale 7,000,000 shares at $25.86 during a trade that took place back on Sep 23 ’24, which means that Walker John B is holding 2,099,403 shares at $181,020,000 based on the most recent closing price.
Stock Fundamentals for MGY
Current profitability levels for the company are sitting at:
- 0.42 for the present operating margin
- 0.58 for the gross margin
The net margin for Magnolia Oil & Gas Corp stands at 0.29. The total capital return value is set at 0.22. Equity return is now at value 21.81, with 13.92 for asset returns.
Based on Magnolia Oil & Gas Corp (MGY), the company’s capital structure generated 0.18 points at debt to capital in total, while cash flow to debt ratio is standing at 2.32. The debt to equity ratio resting at 0.22. The interest coverage ratio of the stock is 206.25.
Currently, EBITDA for the company is 879.05 million with net debt to EBITDA at 0.13. When we switch over and look at the enterprise to sales, we see a ratio of 3.81. The receivables turnover for the company is 7.38for trailing twelve months and the total asset turnover is 0.46. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.28.
Conclusion
In a nutshell, Magnolia Oil & Gas Corp (MGY) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
