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After finishing at $24.16 in the prior trading day, Magnolia Oil & Gas Corp (NYSE: MGY) closed at $23.73, down -1.78%. In other words, the price has decreased by -$1.78 from its previous closing price. On the day, 2.07 million shares were traded. MGY stock price reached its highest trading level at $24.21 during the session, while it also had its lowest trading level at $23.65.
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 16.89 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 216.44. 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.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Goldman on January 31, 2025, Downgraded its rating to Neutral and sets its target price to $26 from $27 previously.
On January 13, 2025, BofA Securities Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $29 to $28.
Siebert Williams Shank Downgraded its Buy to Hold on October 15, 2024, while the target price for the stock was maintained at $30.
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 Jan 08 ’25 when Millican Steve bought 195,293 shares for $24.14 per share.
EnerVest, Ltd. 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, Walker John B, who serves as the Director of the company, sold 7,000,000 shares for $25.86 each. As a result, the insider received 181,020,000 and left with 2,099,403 shares of the company.
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 4664368640 and an Enterprise Value of 4704427008. As of this moment, Magnolia’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.73, and their Forward P/E ratio for the next fiscal year is 11.36. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.30. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.56 while its Price-to-Book (P/B) ratio in mrq is 2.45. Its current Enterprise Value per Revenue stands at 3.586 whereas that against EBITDA is 5.017.
Stock Price History:
The Beta on a monthly basis for MGY is 1.91, which has changed by 0.1796875 over the last 52 weeks, in comparison to a change of 0.208081 over the same period for the S&P500. Over the past 52 weeks, MGY has reached a high of $29.02, while it has fallen to a 52-week low of $19.53. The 50-Day Moving Average of the stock is -5.93%, while the 200-Day Moving Average is calculated to be -6.68%.
Shares Statistics:
The stock has traded on average 1.79M shares per day over the past 3-months and 1668040 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 113.45% stake in the company. Shares short for MGY as of 1736899200 were 30005241 with a Short Ratio of 16.73, compared to 1734048000 on 29444776. Therefore, it implies a Short% of Shares Outstanding of 30005241 and a Short% of Float of 18.59.
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 0.021523178
