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Magnolia Oil & Gas Corp (NYSE: MGY) closed the day trading at $25.90 down -2.37% from the previous closing price of $26.53. In other words, the price has decreased by -$2.37 from its previous closing price. On the day, 2.8 million shares were traded. MGY stock price reached its highest trading level at $26.39 during the session, while it also had its lowest trading level at $25.855.
Ratios:
For a better understanding of MGY, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.15 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 72.69. For the most recent quarter (mrq), Quick Ratio is recorded 1.71 and its Current Ratio is at 1.71. In the meantime, Its Debt-to-Equity ratio is 0.23 whereas as Long-Term Debt/Eq ratio is at 0.23.
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 this company, Wolfe Research on July 18, 2024, initiated with a Outperform rating and assigned the stock a target price of $32.
On April 19, 2024, Piper Sandler Downgraded its rating to Neutral which previously was Overweight but kept the price unchanged to $29.
On February 27, 2024, BofA Securities started tracking the stock assigning a Buy rating and target price of $25.BofA Securities initiated its Buy rating on February 27, 2024, with a $25 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 May 14 ’24 when Walker John B sold 12,000,000 shares for $25.58 per share. The transaction valued at 306,960,000 led to the insider holds 4,164,961 shares of the business.
EnerVest, Ltd. sold 12,000,000 shares of MGY for $306,960,000 on May 14 ’24. The Director now owns 4,164,961 shares after completing the transaction at $25.58 per share. On Sep 12 ’23, another insider, LARSON JAMES R, who serves as the Director of the company, bought 1,000 shares for $23.52 each. As a result, the insider paid 23,520 and bolstered with 76,671 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 5379170816 and an Enterprise Value of 4876799488. As of this moment, Magnolia’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.93, and their Forward P/E ratio for the next fiscal year is 10.57. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.31. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.24 while its Price-to-Book (P/B) ratio in mrq is 3.10. Its current Enterprise Value per Revenue stands at 3.939 whereas that against EBITDA is 5.491.
Stock Price History:
The Beta on a monthly basis for MGY is 2.02, which has changed by 0.21710527 over the last 52 weeks, in comparison to a change of 0.21656322 over the same period for the S&P500. Over the past 52 weeks, MGY has reached a high of $27.62, while it has fallen to a 52-week low of $19.16. The 50-Day Moving Average of the stock is 1.91%, while the 200-Day Moving Average is calculated to be 10.85%.
Shares Statistics:
Over the past 3-months, MGY traded about 2.17M shares per day on average, while over the past 10 days, MGY traded about 2060450 shares per day. A total of 183.16M shares are outstanding, with a floating share count of 174.12M. Insiders hold about 14.12% of the company’s shares, while institutions hold 106.51% stake in the company. Shares short for MGY as of 1719532800 were 30531130 with a Short Ratio of 14.05, compared to 1717113600 on 30794328. Therefore, it implies a Short% of Shares Outstanding of 30531130 and a Short% of Float of 20.169999999999998.
Dividends & Splits
MGY’s forward annual dividend rate is 0.49, up from 0.49 a year ago. Against a Trailing Annual Dividend Yield of 0.018469658
