Quarterly Metrics: Quick and Current Ratios for Magnolia Oil & Gas Corp (MGY)

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As of close of business last night, Magnolia Oil & Gas Corp’s stock clocked out at $25.32, down -0.55% from its previous closing price of $25.46. In other words, the price has decreased by -$0.55 from its previous closing price. On the day, 1.43 million shares were traded. MGY stock price reached its highest trading level at $25.6 during the session, while it also had its lowest trading level at $25.09.


To gain a deeper understanding of MGY’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.86 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 71.07. 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:

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 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 5162216448 and an Enterprise Value of 4771859456. As of this moment, Magnolia’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.64, and their Forward P/E ratio for the next fiscal year is 10.38. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.26. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.15 while its Price-to-Book (P/B) ratio in mrq is 3.03. Its current Enterprise Value per Revenue stands at 3.854 whereas that against EBITDA is 5.373.

Stock Price History:

Over the past 52 weeks, MGY has reached a high of $27.33, while it has fallen to a 52-week low of $19.16. The 50-Day Moving Average of the stock is 0.36%, while the 200-Day Moving Average is calculated to be 9.28%.

Shares Statistics:

It appears that MGY traded 2.27M shares on average per day over the past three months and 1548460 shares per day over the past ten days. 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 106.28% stake in the company. Shares short for MGY as of 1718323200 were 30847821 with a Short Ratio of 13.58, compared to 1715731200 on 31599203. Therefore, it implies a Short% of Shares Outstanding of 30847821 and a Short% of Float of 20.380000000000003.

Dividends & Splits

With its trailing 12-month dividend rate of 0.49, MGY has a forward annual dividend rate of 0.49. Against a Trailing Annual Dividend Yield of 0.019245878

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