Susquehanna Issues Pessimistic Forecast for Magnolia Oil & Gas (NYSE:MGY) Stock Price

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) had its price target decreased by research analysts at Susquehanna from $31.00 to $30.00 in a note issued to investors on Tuesday, Marketbeat Ratings reports. The brokerage currently has a "positive" rating on the stock. Susquehanna's price objective points to a potential upside of 41.48% from the company's previous close.

MGY has been the topic of several other reports. Piper Sandler dropped their price objective on Magnolia Oil & Gas from $26.00 to $25.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Citigroup dropped their price target on shares of Magnolia Oil & Gas from $22.00 to $19.00 and set a "sell" rating on the stock in a research report on Tuesday, April 8th. Bank of America reaffirmed a "neutral" rating and issued a $28.00 price objective (down from $29.00) on shares of Magnolia Oil & Gas in a research report on Monday, January 13th. Johnson Rice cut shares of Magnolia Oil & Gas from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Finally, Truist Financial upped their target price on Magnolia Oil & Gas from $33.00 to $34.00 and gave the company a "buy" rating in a report on Monday, January 13th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $27.21.

Magnolia Oil & Gas Stock Down 0.7 %

Shares of MGY traded down $0.16 on Tuesday, reaching $21.21. The company's stock had a trading volume of 2,055,896 shares, compared to its average volume of 2,298,717. Magnolia Oil & Gas has a twelve month low of $19.09 and a twelve month high of $29.02. The stock has a market capitalization of $4.12 billion, a PE ratio of 10.99, a PEG ratio of 3.01 and a beta of 1.57. The company has a current ratio of 1.42, a quick ratio of 1.47 and a debt-to-equity ratio of 0.20. The firm has a fifty day moving average of $22.85 and a 200-day moving average of $24.52.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.46 by $0.03. Magnolia Oil & Gas had a return on equity of 20.74% and a net margin of 27.82%. The firm had revenue of $326.61 million during the quarter, compared to the consensus estimate of $327.40 million. Equities analysts predict that Magnolia Oil & Gas will post 2.1 EPS for the current year.

Insider Activity at Magnolia Oil & Gas

In related news, CEO Christopher G. Stavros bought 2,500 shares of Magnolia Oil & Gas stock in a transaction on Monday, March 3rd. The stock was acquired at an average price of $22.05 per share, with a total value of $55,125.00. Following the acquisition, the chief executive officer now directly owns 892,372 shares of the company's stock, valued at $19,676,802.60. This represents a 0.28 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Magnolia Oil & Gas

Several hedge funds have recently bought and sold shares of the company. Mather Group LLC. boosted its holdings in Magnolia Oil & Gas by 100.0% in the 4th quarter. Mather Group LLC. now owns 1,090 shares of the company's stock valued at $25,000 after purchasing an additional 545 shares during the period. Larson Financial Group LLC raised its position in shares of Magnolia Oil & Gas by 112.3% in the fourth quarter. Larson Financial Group LLC now owns 1,072 shares of the company's stock worth $25,000 after buying an additional 567 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in Magnolia Oil & Gas during the first quarter valued at $30,000. R Squared Ltd purchased a new position in Magnolia Oil & Gas during the fourth quarter worth about $43,000. Finally, Quarry LP increased its stake in Magnolia Oil & Gas by 1,047.8% in the 4th quarter. Quarry LP now owns 2,135 shares of the company's stock worth $50,000 after acquiring an additional 1,949 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company's stock.

About Magnolia Oil & Gas

Magnolia Oil & Gas Corp. engages in the acquisition, development, exploration, and production of oil and natural gas properties. It operates assets located in the Eagle Ford Shale and Austin Chalk formations in South Texas. The company was founded on February 14, 2017 and is headquartered in Houston, TX.