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As of close of business last night, Magnolia Oil & Gas Corp’s stock clocked out at $26.49, up 0.34% from its previous closing price of $26.40. In other words, the price has increased by $0.34 from its previous closing price. On the day, 1.92 million shares were traded. MGY stock price reached its highest trading level at $26.76 during the session, while it also had its lowest trading level at $26.23.
Ratios:
To gain a deeper understanding of MGY’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.28 and its Current Ratio is at 1.28. In the meantime, Its Debt-to-Equity ratio is 0.22 whereas as Long-Term Debt/Eq ratio is at 0.22.
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, Wells Fargo on October 01, 2024, Downgraded its rating to Underweight and sets its target price to $22 from $26 previously.
On July 18, 2024, Wolfe Research started tracking the stock assigning a Outperform rating and target price of $32.
Piper Sandler Downgraded its Overweight to Neutral on April 19, 2024, while the target price for the stock was maintained at $29.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 5274688512 and an Enterprise Value of 5203133440. As of this moment, Magnolia’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.01, and their Forward P/E ratio for the next fiscal year is 12.38. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.07 while its Price-to-Book (P/B) ratio in mrq is 2.91. Its current Enterprise Value per Revenue stands at 4.02 whereas that against EBITDA is 5.596.
Stock Price History:
Over the past 52 weeks, MGY has reached a high of $27.63, while it has fallen to a 52-week low of $19.16. The 50-Day Moving Average of the stock is 6.45%, while the 200-Day Moving Average is calculated to be 9.15%.
Shares Statistics:
It appears that MGY traded 2.19M shares on average per day over the past three months and 2118530 shares per day over the past ten days. A total of 199.12M shares are outstanding, with a floating share count of 183.41M. Insiders hold about 7.89% of the company’s shares, while institutions hold 110.01% stake in the company. Shares short for MGY as of 1727654400 were 28720862 with a Short Ratio of 13.09, compared to 1724976000 on 29744696. Therefore, it implies a Short% of Shares Outstanding of 28720862 and a Short% of Float of 18.110001.
Dividends & Splits
With its trailing 12-month dividend rate of 0.505, MGY has a forward annual dividend rate of 0.51. Against a Trailing Annual Dividend Yield of 0.019128788
