Market Momentum: Magnolia Oil & Gas Corp (MGY) Registers a -2.34 Decrease, Closing at 25.88

Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.

Magnolia Oil & Gas Corp (NYSE: MGY) closed the day trading at $25.88 down -2.34% from the previous closing price of $26.50. In other words, the price has decreased by -$2.34 from its previous closing price. On the day, 2.34 million shares were traded. MGY stock price reached its highest trading level at $26.62 during the session, while it also had its lowest trading level at $25.785.

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 13.24 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 73.17. 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.

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:

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 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 5247376896 and an Enterprise Value of 4873180672. As of this moment, Magnolia’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.92, and their Forward P/E ratio for the next fiscal year is 10.68. 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 4.27 while its Price-to-Book (P/B) ratio in mrq is 3.09. Its current Enterprise Value per Revenue stands at 3.936 whereas that against EBITDA is 5.487.

Stock Price History:

The Beta on a monthly basis for MGY is 2.02, which has changed by 0.31237328 over the last 52 weeks, in comparison to a change of 0.26265144 over the same period for the S&P500. Over the past 52 weeks, MGY has reached a high of $27.33, while it has fallen to a 52-week low of $18.91. The 50-Day Moving Average of the stock is 2.39%, while the 200-Day Moving Average is calculated to be 13.93%.

Shares Statistics:

Over the past 3-months, MGY traded about 3.49M shares per day on average, while over the past 10 days, MGY traded about 2596900 shares per day. A total of 183.16M shares are outstanding, with a floating share count of 171.50M. Insiders hold about 16.02% of the company’s shares, while institutions hold 102.62% stake in the company. Shares short for MGY as of 1714435200 were 34812454 with a Short Ratio of 9.97, compared to 1711584000 on 32796577. Therefore, it implies a Short% of Shares Outstanding of 34812454 and a Short% of Float of 22.919999999999998.

Dividends & Splits

MGY’s forward annual dividend rate is 0.60, up from 0.49 a year ago. Against a Trailing Annual Dividend Yield of 0.018581722

Earnings Estimates

The current assessment of Magnolia Oil & Gas Corp (MGY) involves the perspectives of 15.0 analysts closely monitoring its market dynamics.On average, analysts expect EPS of $0.46 for the current quarter, with a high estimate of $0.58 and a low estimate of $0.38, while EPS last year was $0.56. The consensus estimate for the next quarter is $0.55, with high estimates of $0.65 and low estimates of $0.4.

Analysts are recommending an EPS of between $2.61 and $1.55 for the fiscal current year, implying an average EPS of $2.18. EPS for the following year is $2.35, with 14.0 analysts recommending between $2.97 and $1.55.

Revenue Estimates

14 analysts predict $319.42M in revenue for the current quarter. It ranges from a high estimate of $316.22M to a low estimate of $297.42M. As of the current estimate, Magnolia Oil & Gas Corp’s year-ago sales were $326.9MFor the next quarter, 14 analysts are estimating revenue of $339.17M. There is a high estimate of $373M for the next quarter, whereas the lowest estimate is $309M.

A total of 14 analysts have provided revenue estimates for MGY’s current fiscal year. The highest revenue estimate was $1.5B, while the lowest revenue estimate was $1.23B, resulting in an average revenue estimate of $1.35B. In the same quarter a year ago, actual revenue was $1.23BBased on 13 analysts’ estimates, the company’s revenue will be $1.42B in the next fiscal year. The high estimate is $1.61B and the low estimate is $1.22B.

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