In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
In the latest session, Magnolia Oil & Gas Corp (NYSE: MGY) closed at $27.37 down -1.33% from its previous closing price of $27.74. In other words, the price has decreased by -$1.33 from its previous closing price. On the day, 2.21 million shares were traded. MGY stock price reached its highest trading level at $27.8499 during the session, while it also had its lowest trading level at $27.0.
Ratios:
For a deeper understanding of Magnolia Oil & Gas Corp’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 19.52 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 250.19. 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.
On October 01, 2024, Wells Fargo Downgraded its rating to Underweight which previously was Equal Weight and also lowered its target price recommendation from $26 to $22.
On July 18, 2024, Wolfe Research started tracking the stock assigning a Outperform rating and target price of $32.Wolfe Research initiated its Outperform rating on July 18, 2024, with a $32 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 5379847168 and an Enterprise Value of 5399799296. As of this moment, Magnolia’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.53, and their Forward P/E ratio for the next fiscal year is 13.51. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.11 while its Price-to-Book (P/B) ratio in mrq is 2.83. Its current Enterprise Value per Revenue stands at 4.116 whereas that against EBITDA is 5.759.
Stock Price History:
Over the past 52 weeks, MGY has reached a high of $29.02, while it has fallen to a 52-week low of $19.16. The 50-Day Moving Average of the stock is 3.71%, while the 200-Day Moving Average is calculated to be 7.90%.
Shares Statistics:
For the past three months, MGY has traded an average of 1.94M shares per day and 1503580 over the past ten days. 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 112.94% stake in the company. Shares short for MGY as of 1731628800 were 30840859 with a Short Ratio of 15.92, compared to 1728950400 on 29753695. Therefore, it implies a Short% of Shares Outstanding of 30840859 and a Short% of Float of 19.1.
Dividends & Splits
According to the company, the forward annual dividend rate for MGY is 0.52, from 0.52 in the trailing year. Against a Trailing Annual Dividend Yield of 0.018745493
