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After finishing at $25.77 in the prior trading day, Magnolia Oil & Gas Corp (NYSE: MGY) closed at $25.60, down -0.66%. In other words, the price has decreased by -$0.66 from its previous closing price. On the day, 1.28 million shares were traded. MGY stock price reached its highest trading level at $25.94 during the session, while it also had its lowest trading level at $25.47.
Ratios:
Our goal is to gain a better understanding of MGY by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 18.22 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 233.50. For the most recent quarter (mrq), Quick Ratio is recorded 1.47 and its Current Ratio is at 1.47. In the meantime, Its Debt-to-Equity ratio is 0.21 whereas as Long-Term Debt/Eq ratio is at 0.21.
On October 01, 2024, Wells Fargo Downgraded its rating to Underweight which previously was Equal Weight and also lowered its target price recommendation from $26 to $22.
On July 18, 2024, Wolfe Research started tracking the stock assigning a Outperform rating and target price of $32.Wolfe Research initiated its Outperform rating on July 18, 2024, with a $32 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 23 ’24 when EnerVest, Ltd. sold 7,000,000 shares for $25.86 per share. The transaction valued at 181,020,000 led to the insider holds 2,099,403 shares of the business.
Walker John B sold 7,000,000 shares of MGY for $181,020,000 on Sep 23 ’24. The Director now owns 2,099,403 shares after completing the transaction at $25.86 per share. On Sep 23 ’24, another insider, EnerVest Energy Institutional , who serves as the Director of the company, bought 644,724 shares for $25.91 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MGY now has a Market Capitalization of 5065344000 and an Enterprise Value of 5061665280. As of this moment, Magnolia’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.66, and their Forward P/E ratio for the next fiscal year is 12.56. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.84 while its Price-to-Book (P/B) ratio in mrq is 2.64. Its current Enterprise Value per Revenue stands at 3.858 whereas that against EBITDA is 5.398.
Stock Price History:
Over the past 52 weeks, MGY has reached a high of $29.02, while it has fallen to a 52-week low of $19.16. The 50-Day Moving Average of the stock is -3.64%, while the 200-Day Moving Average is calculated to be 0.39%.
Shares Statistics:
The stock has traded on average 1.90M shares per day over the past 3-months and 1565930 shares per day over the last 10 days, according to various share statistics. A total of 191.48M shares are outstanding, with a floating share count of 186.29M. Insiders hold about 5.23% of the company’s shares, while institutions hold 112.97% stake in the company. Shares short for MGY as of 1732838400 were 29672926 with a Short Ratio of 16.22, compared to 1730332800 on 30430138. Therefore, it implies a Short% of Shares Outstanding of 29672926 and a Short% of Float of 18.38.
Dividends & Splits
In the trailing 12 months, MGY’s forward annual dividend rate was 0.52, compared to 0.52 this year. Against a Trailing Annual Dividend Yield of 0.0201785
