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After finishing at $24.12 in the prior trading day, Magnolia Oil & Gas Corp (NYSE: MGY) closed at $24.00, down -0.50%. In other words, the price has decreased by -$0.50 from its previous closing price. On the day, 1.35 million shares were traded. MGY stock price reached its highest trading level at $24.315 during the session, while it also had its lowest trading level at $23.97.
Ratios:
Our goal is to gain a better understanding of MGY by taking a closer look at 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 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 4802760192 and an Enterprise Value of 4734610432. As of this moment, Magnolia’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.79, and their Forward P/E ratio for the next fiscal year is 10.15. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.10. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.69 while its Price-to-Book (P/B) ratio in mrq is 2.63. Its current Enterprise Value per Revenue stands at 3.658 whereas that against EBITDA is 5.092.
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 -5.78%, while the 200-Day Moving Average is calculated to be 0.84%.
Shares Statistics:
The stock has traded on average 2.02M shares per day over the past 3-months and 1626890 shares per day over the last 10 days, according to various share statistics. A total of 183.16M shares are outstanding, with a floating share count of 181.07M. Insiders hold about 9.06% of the company’s shares, while institutions hold 111.36% stake in the company. Shares short for MGY as of 1723680000 were 29491321 with a Short Ratio of 14.60, compared to 1721001600 on 30040483. Therefore, it implies a Short% of Shares Outstanding of 29491321 and a Short% of Float of 18.6.
Dividends & Splits
In the trailing 12 months, MGY’s forward annual dividend rate was 0.505, compared to 0.51 this year. Against a Trailing Annual Dividend Yield of 0.02093698
