Here's Why Magnolia Oil & Gas Corp (MGY) is a Strong Value Stock
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
Here's Why Magnolia Oil & Gas Corp (MGY) is a Strong Momentum Stock
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
Here's Why Magnolia Oil & Gas Corp (MGY) is a Strong Value Stock
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Why Magnolia Oil & Gas Corp (MGY) is a Top Value Stock for the Long-Term
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
Magnolia Oil & Gas: Returns About To Shift Into High Gear
Magnolia Oil & Gas Corporation reported a solid quarter, with production in line and higher-than-expected oil cut. EBITDA and Free Cash Flow beat expectations due to strong commodity price realizations and disciplined spending. The balance sheet remains rock solid following a shareholder sale repurchase and another bolt on.
Why Magnolia Oil & Gas Corp (MGY) is a Top Momentum Stock for the Long-Term
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Magnolia Oil & Gas Co. Expected to Post Q2 2024 Earnings of $0.49 Per Share (NYSE:MGY)
Magnolia Oil & Gas Co. (NYSE:MGY – Free Report) – Zacks Research boosted their Q2 2024 earnings per share (EPS) estimates for Magnolia Oil & Gas in a note issued to investors on Thursday, May 16th. Zacks Research analyst N. Choudhury now forecasts that the company will post earnings of $0.49 per share for the quarter, up from their prior forecast of $0.46. The consensus estimate for Magnolia Oil & Gas’ current full-year earnings is $2.23 per share. Zacks Research also issued estimates for Magnolia Oil & Gas’ Q3 2024 earnings at $0.52 EPS, FY2024 earnings at $1.99 EPS, Q1 2025 earnings at $0.50 EPS, Q2 2025 earnings at $0.55 EPS, Q3 2025 earnings at $0.58 EPS, Q4 2025 earnings at $0.56 EPS, FY2025 earnings at $2.19 EPS and Q1 2026 earnings at $0.54 EPS. Several other equities research analysts also recently weighed in on MGY. Susquehanna raised their price objective on Magnolia Oil & Gas from $28.00 to $31.00 and gave the company a “positive” rating in a report on Monday, April 22nd. Truist Financial upped their price objective on Magnolia Oil & Gas from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Piper Sandler reissued a “neutral” rating and set a $29.00 target price on shares of Magnolia Oil & Gas in a report on Friday, April 19th. Mizuho raised their price target on shares of Magnolia Oil & Gas from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Finally, The Goldman Sachs Group increased their price objective on Magnolia Oil & Gas from $24.50 to $28.00 and gave the company a “buy” rating in a report on Tuesday, March 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Magnolia Oil & Gas presently has a consensus rating of “Hold” and a consensus target price of $27.88. View Our Latest Report on MGY Magnolia Oil & Gas Trading Up 1.0 % Shares of Magnolia Oil & Gas stock opened at $25.48 on Monday. The firm has a market capitalization of $5.17 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 1.47 and a beta of 2.03. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.21. The firm’s 50 day moving average is $25.61 and its 200 day moving average is $22.82. Magnolia Oil & Gas has a 1 year low of $19.05 and a 1 year high of $27.33. Magnolia Oil & Gas Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 13th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $0.52 annualized dividend and a dividend yield of 2.04%. Magnolia Oil & Gas’s payout ratio is 25.87%. Insider Buying and Selling In related news, Director John B. Walker sold 12,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $25.58, for a total transaction of $306,960,000.00. Following the completion of the sale, the director now owns 4,164,961 shares of the company’s stock, valued at $106,539,702.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is currently owned by insiders. Institutional Inflows and Outflows Several institutional investors and hedge funds have recently added to or reduced their stakes in MGY. Vanguard Group Inc. boosted its holdings in Magnolia Oil & Gas by 16.6% in the first quarter. Vanguard Group Inc. now owns 20,757,369 shares of the company’s stock worth $538,654,000 after acquiring an additional 2,956,314 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Magnolia Oil & Gas by 2,799.2% in the first quarter. Principal Financial Group Inc. now owns 1,881,039 shares of the company’s stock worth $48,813,000 after acquiring an additional 1,816,158 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Magnolia Oil & Gas by 20.2% in the fourth quarter. First Trust Advisors LP now owns 10,126,891 shares of the company’s stock valued at $215,602,000 after purchasing an additional 1,704,982 shares in the last quarter. abrdn plc bought a new position in shares of Magnolia Oil & Gas in the third quarter valued at approximately $28,249,000. Finally, American Century Companies Inc. lifted its holdings in shares of Magnolia Oil & Gas by 24.7% in the third quarter. American Century Companies Inc. now owns 6,009,953 shares of the company’s stock valued at $137,688,000 after purchasing an additional 1,188,536 shares in the last quarter. Institutional investors own 94.73% of the company’s stock. Magnolia Oil & Gas Company Profile (Get Free Report) 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. Read More Five stocks we like better than Magnolia Oil & Gas Industrial Products Stocks Investing MarketBeat Week in Review – 5/13 – 5/17 What is the Australian Securities Exchange (ASX) Take-Two Interactive Software Offers 2nd Chance for Investors How to Invest in Blue Chip Stocks Deere & Company’s Q2 Report: Strong Revenue, Cautious Outlook
