The stock of Magnolia Oil & Gas Corp (MGY) has seen a 8.18% increase in the past week, with a -1.34% drop in the past month, and a -4.59% decrease in the past quarter. The volatility ratio for the week is 2.39%, and the volatility levels for the past 30 days are at 2.51% for MGY. The simple moving average for the last 20 days is 7.88% for MGY stock, with a simple moving average of 1.09% for the last 200 days.
Is It Worth Investing in Magnolia Oil & Gas Corp (NYSE: MGY) Right Now?
Magnolia Oil & Gas Corp (NYSE: MGY) has a price-to-earnings ratio that is above its average at 12.76x. The stock has a 36-month beta value of 1.98. Opinions on the stock are mixed, with 6 analysts rating it as a “buy,” 2 as “overweight,” 8 as “hold,” and 2 as “sell.”
The public float for MGY is 186.29M, and at present, short sellers hold a 15.73% of that float. On January 15, 2025, the average trading volume of MGY was 1.80M shares.
MGY) stock’s latest price update
Magnolia Oil & Gas Corp (NYSE: MGY) has seen a rise in its stock price by 1.38 in relation to its previous close of 25.45. However, the company has experienced a 8.18% gain in its stock price over the last five trading sessions. businesswire.com reported 2025-01-07 that HOUSTON–(BUSINESS WIRE)–Magnolia Oil & Gas Corporation Appoints R. Lewis Ropp to its Board of Directors.
Analysts’ Opinion of MGY
Many brokerage firms have already submitted their reports for MGY stocks, with BofA Securities repeating the rating for MGY by listing it as a “Neutral.” The predicted price for MGY in the upcoming period, according to BofA Securities is $28 based on the research report published on January 13, 2025 of the current year 2025.
Siebert Williams Shank, on the other hand, stated in their research note that they expect to see MGY reach a price target of $30. The rating they have provided for MGY stocks is “Hold” according to the report published on October 15th, 2024.
Wells Fargo gave a rating of “Underweight” to MGY, setting the target price at $22 in the report published on October 01st of the previous year.
MGY Trading at 0.36% 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 -11.10% of loss for the given period.
Volatility was left at 2.51%, however, over the last 30 days, the volatility rate increased by 2.39%, as shares surge +0.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.94% upper at present.
During the last 5 trading sessions, MGY rose by +8.18%, which changed the moving average for the period of 200-days by +1.06% in comparison to the 20-day moving average, which settled at $23.92. In addition, Magnolia Oil & Gas Corp saw 10.35% 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 Millican Steve, who proposed sale 195,293 shares at the price of $24.14 back on Jan 08 ’25. After this action, Millican Steve now owns shares of Magnolia Oil & Gas Corp, valued at $4,714,373 using the latest closing price.
EnerVest, Ltd., 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 EnerVest, Ltd. 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:
- 0.4 for the present operating margin
- 0.52 for the gross margin
The net margin for Magnolia Oil & Gas Corp stands at 0.29. The total capital return value is set at 0.21. Equity return is now at value 20.95, with 13.70 for asset returns.
Based on Magnolia Oil & Gas Corp (MGY), the company’s capital structure generated 0.17 points at debt to capital in total, while cash flow to debt ratio is standing at 2.39. The debt to equity ratio resting at 0.21. The interest coverage ratio of the stock is 52.14.
Currently, EBITDA for the company is 878.67 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 3.85. The receivables turnover for the company is 9.63for trailing twelve months and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.47.
Conclusion
To sum up, Magnolia Oil & Gas Corp (MGY) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.
