Magnolia Oil & Gas (MGY) Stock Price, News & Analysis

Company Overview

Magnolia Oil & Gas Corporation, an independent oil and natural gas company, engages in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids reserves in the United States. Its properties are located primarily in Karnes County and the Giddings area in South Texas principally comprising the Eagle Ford Shale and the Austin Chalk formation. The company was incorporated in 2017 and is headquartered in Houston, Texas.

Key Stats

• Today's Range: $27.89 to $28.13
• 50-Day Range: $23.34 to $27.53
• 52-Week Range: $19.16 to $28.13
• Volume: 363,801 shs
• Average Volume: 2.48 million shs
• Market Capitalization: $5.48 billion
• P/E Ratio: 13.81
• Dividend Yield: 1.86%
• Price Target: $27.67
• Consensus Rating: Hold

Magnolia Oil & Gas Stock Analysis - MarketRank™

Magnolia Oil & Gas scored higher than 51% of companies evaluated by MarketBeat, and ranked 169th out of 264 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.2 / 5
• Analyst Rating: Hold

Consensus Rating

Magnolia Oil & Gas has received a consensus rating of Hold. The company's average rating score is 2.31, and is based on 6 buy ratings, 5 hold ratings, and 2 sell ratings.

Amount of Analyst Coverage

Magnolia Oil & Gas has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 2.51%

Earnings Growth

Earnings for Magnolia Oil & Gas are expected to grow by 2.51% in the coming year, from $1.99 to $2.04 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Magnolia Oil & Gas is 13.72, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.79.

Price to Earnings Ratio vs. Sector

The P/E ratio of Magnolia Oil & Gas is 13.72, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 15.29.

Price to Earnings Growth Ratio

Magnolia Oil & Gas has a PEG Ratio of 1.39. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Magnolia Oil & Gas has a P/B Ratio of 2.78. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 0.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

15.48% of the outstanding shares of Magnolia Oil & Gas have been sold short.

Short Interest Ratio / Days to Cover

Magnolia Oil & Gas has a short interest ratio ("days to cover") of 15.8, which indicates bearish sentiment.

Change versus previous month

Short interest in Magnolia Oil & Gas has recently increased by 2.29%, indicating that investor sentiment is decreasing.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Magnolia Oil & Gas pays a meaningful dividend of 1.91%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Magnolia Oil & Gas does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Magnolia Oil & Gas is 25.74%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Magnolia Oil & Gas will have a dividend payout ratio of 25.49% next year. This indicates that Magnolia Oil & Gas will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

15.48% of the outstanding shares of Magnolia Oil & Gas have been sold short.

Short Interest Ratio / Days to Cover

Magnolia Oil & Gas has a short interest ratio ("days to cover") of 15.8, which indicates bearish sentiment.

Change versus previous month

Short interest in Magnolia Oil & Gas has recently increased by 2.29%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 0.46

News Sentiment

Magnolia Oil & Gas has a news sentiment score of 0.46. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.66 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 11 news articles for Magnolia Oil & Gas this week, compared to 5 articles on an average week.

Search Interest

8 people have searched for MGY on MarketBeat in the last 30 days. This is an increase of 167% compared to the previous 30 days.

MarketBeat Follows

4 people have added Magnolia Oil & Gas to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Magnolia Oil & Gas insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $181,020,000.00 in company stock.

Percentage Held by Insiders

Only 1.20% of the stock of Magnolia Oil & Gas is held by insiders.

Percentage Held by Institutions

94.73% of the stock of Magnolia Oil & Gas is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

MGY Stock Analysis - Frequently Asked Questions

How have MGY shares performed this year?

Magnolia Oil & Gas' stock was trading at $21.29 at the beginning of 2024. Since then, MGY stock has increased by 30.2% and is now trading at $27.71.
View the best growth stocks for 2024 here.

How were Magnolia Oil & Gas' earnings last quarter?

Magnolia Oil & Gas Co. (NYSE:MGY) posted its quarterly earnings results on Wednesday, October, 30th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.48 by $0.04. The firm had revenue of $333.14 million for the quarter, compared to analyst estimates of $331.45 million. Magnolia Oil & Gas had a net margin of 28.88% and a trailing twelve-month return on equity of 20.78%.

Who are Magnolia Oil & Gas' major shareholders?

Top institutional investors of Magnolia Oil & Gas include State Street Corp (5.44%), Janus Henderson Group PLC (2.91%), Victory Capital Management Inc. (2.67%) and Wellington Management Group LLP (2.54%). Insiders that own company stock include John B Walker, Ltd Enervest and James R Larson.
View institutional ownership trends.

How do I buy shares of Magnolia Oil & Gas?

Shares of MGY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Magnolia Oil & Gas own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Magnolia Oil & Gas investors own include Waste Connections (WCN), American Water Works (AWK), DiamondRock Hospitality (DRH), The RMR Group (RMR), AUO (AUOTY), iShares Micro-Cap ETF (IWC) and Voyager Therapeutics (VYGR).

Company Calendar

• Ex-Dividend for 9/3 Dividend: 8/09/2024
• Dividend Payable: 9/03/2024
• Last Earnings: 10/30/2024
• Ex-Dividend for 12/2 Dividend: 11/08/2024
• Today: 11/21/2024
• Dividend Payable: 12/02/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/12/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Crude petroleum & natural gas
• Sub-Industry: Petroleum And Natural Gas
• Current Symbol: NYSE:MGY
• CUSIP: N/A
• CIK: 1698990
• Web: www.magnoliaoilgas.com
• Phone: (713) 842-9050
• Fax: N/A
• Employees: 247
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $27.67
• High Stock Price Target: $33.00
• Low Stock Price Target: $22.00
• Potential Upside/Downside: -0.2%
• Consensus Rating: Hold
• Rating Score (0-4): 2.31
• Research Coverage: 13 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.02
• Trailing P/E Ratio: 13.72
• Forward P/E Ratio: 13.92
• P/E Growth: 1.37
• Net Income: $388.30 million
• Net Margins: 28.88%
• Pretax Margin: 40.22%
• Return on Equity: 20.78%
• Return on Assets: 14.19%

Debt

• Debt-to-Equity Ratio: 0.20
• Current Ratio: 1.47
• Quick Ratio: 1.47

Sales & Book Value

• Annual Sales: $1.23 billion
• Price / Sales: 4.44
• Cash Flow: $3.61 per share
• Price / Cash Flow: 7.68
• Book Value: $9.18 per share
• Price / Book: 3.02

Miscellaneous

• Outstanding Shares: 196,560,000
• Free Float: 193,808,000
• Market Cap: $5.45 billion
• Optionable: Optionable
• Beta: 1.99