Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
The price of Magnolia Oil & Gas Corp (NYSE: MGY) closed at $24.59 in the last session, down -1.91% from day before closing price of $25.07. In other words, the price has decreased by -$1.91 from its previous closing price. On the day, 3.0 million shares were traded. MGY stock price reached its highest trading level at $25.07 during the session, while it also had its lowest trading level at $24.41.
Ratios:
We take a closer look at MGY’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.52 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 120.70. For the most recent quarter (mrq), Quick Ratio is recorded 1.88 and its Current Ratio is at 1.88. In the meantime, Its Debt-to-Equity ratio is 0.24 whereas as Long-Term Debt/Eq ratio is at 0.24.
On February 27, 2024, BofA Securities started tracking the stock assigning a Buy rating and target price of $25.
Citigroup Downgraded its Neutral to Sell on December 11, 2023, whereas the target price for the stock was revised from $24 to $18.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Sep 12 ’23 when LARSON JAMES R bought 1,000 shares for $23.52 per share. The transaction valued at 23,520 led to the insider holds 76,671 shares of the business.
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 5022507520 and an Enterprise Value of 4685873152. As of this moment, Magnolia’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.06, and their Forward P/E ratio for the next fiscal year is 10.40. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.09 while its Price-to-Book (P/B) ratio in mrq is 2.98. Its current Enterprise Value per Revenue stands at 3.819 whereas that against EBITDA is 5.331.
Stock Price History:
Over the past 52 weeks, MGY has reached a high of $27.33, while it has fallen to a 52-week low of $18.72. The 50-Day Moving Average of the stock is -0.76%, while the 200-Day Moving Average is calculated to be 8.99%.
Shares Statistics:
According to the various share statistics, MGY traded on average about 3.44M shares per day over the past 3-months and 2132670 shares per day over the past 10 days. A total of 183.16M shares are outstanding, with a floating share count of 171.53M. Insiders hold about 16.02% of the company’s shares, while institutions hold 96.93% stake in the company. Shares short for MGY as of 1713139200 were 32406503 with a Short Ratio of 9.43, compared to 1710460800 on 28697052. Therefore, it implies a Short% of Shares Outstanding of 32406503 and a Short% of Float of 21.200001.
Dividends & Splits
The forward annual dividend rate for MGY is 0.47, which was 0.475 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.01894695
