Magnolia Oil & Gas Corporation [NYSE: MGY] stock went on a downward path that fall over 0.00% on Monday, amounting to a one-week price decrease of less than -17.35%. Over the last 12 months, MGY stock dropped by -41.13%. The one-year Magnolia Oil & Gas Corporation stock forecast points to a potential upside of 2.19. The average equity rating for MGY stock is currently 2.50, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $1.47 billion, with 167.15 million shares outstanding and 105.52 million shares in the current float. Compared to the average trading volume of 2.65M shares, MGY stock reached a trading volume of 1638423 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Guru’s Opinion on Magnolia Oil & Gas Corporation [MGY]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MGY shares is $6.38 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MGY stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Scotiabank have made an estimate for Magnolia Oil & Gas Corporation shares, keeping their opinion on the stock as Sector Outperform, with their previous recommendation back on May 07, 2020. While these analysts kept the previous recommendation, Imperial Capital raised their target price from $14 to $5. The new note on the price target was released on April 17, 2020, representing the official price target for Magnolia Oil & Gas Corporation stock.
The Average True Range (ATR) for Magnolia Oil & Gas Corporation is set at 0.55, with the Price to Sales ratio for MGY stock in the period of the last 12 months amounting to 1.64. The Price to Book ratio for the last quarter was 1.92, with the Price to Cash per share for the same quarter was set at 0.62. Price to Free Cash Flow for MGY in the course of the last twelve months was 5.44 with Quick ratio for the last quarter at 1.30.
MGY Stock Performance Analysis:
Magnolia Oil & Gas Corporation [MGY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -17.35. With this latest performance, MGY shares gained by 24.30% in over the last four-week period, additionally sinking by -48.13% over the last 6 months – not to mention a drop of -41.13% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MGY stock in for the last two-week period is set at 53.94, with the RSI for the last a single of trading hit 49.88, and the three-weeks RSI is set at 52.40 for Magnolia Oil & Gas Corporation [MGY]. The present Moving Average for the last 50 days of trading for this stock 5.42, while it was recorded at 6.39 for the last single week of trading, and 8.86 for the last 200 days.
Insight into Magnolia Oil & Gas Corporation Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Magnolia Oil & Gas Corporation [MGY] shares currently have an operating margin of +13.67 and a Gross Margin at +26.82. Magnolia Oil & Gas Corporation’s Net Margin is presently recorded at +5.36.
Return on Total Capital for MGY is now 4.11, given the latest momentum, and Return on Invested Capital for the company is 2.37. Return on Equity for this stock inclined to 2.91, with Return on Assets sitting at 1.45. When it comes to the capital structure of this company, Magnolia Oil & Gas Corporation [MGY] has a Total Debt to Total Equity ratio set at 22.18. Additionally, MGY Total Debt to Total Capital is recorded at 18.15, with Total Debt to Total Assets ending up at 11.36. Long-Term Debt to Equity for the company is recorded at 22.03, with the Long-Term Debt to Total Capital now at 18.03.
Reflecting on the efficiency of the workforce at the company, Magnolia Oil & Gas Corporation [MGY] managed to generate an average of $1,115,467 per employee. Receivables Turnover for the company is 7.61 with a Total Asset Turnover recorded at a value of 0.27.Magnolia Oil & Gas Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.30.
MGY Stock EPS
With the latest financial reports released by the company, Magnolia Oil & Gas Corporation posted 0.12/share EPS, while the average EPS was predicted by analysts to be reported at 0.16/share.When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -25.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MGY.
Magnolia Oil & Gas Corporation [MGY] Insider Position Details
There are presently around $1,129 million, in the hands of institutional investors. The top three institutional holders of MGY stocks are: ENERVEST, LTD. with ownership of 34,888,068, which is approximately 0% of the company’s market cap and around 5.10% of the total institutional ownership; PRICE T ROWE ASSOCIATES INC /MD/, holding 16,464,506 shares of the stock with an approximate value of $102.74 million in MGY stocks shares; and FMR LLC, currently with $102.15 million in MGY stock with ownership of nearly -34.024% of the company’s market capitalization.
Positions in Magnolia Oil & Gas Corporation stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 105 institutional holders increased their position in Magnolia Oil & Gas Corporation [NYSE:MGY] by around 22,141,242 shares. Additionally, 80 investors decreased positions by around 24,841,749 shares, while 15 investors held positions by with 133,923,618 shares. The mentioned changes placed institutional holdings at 180,906,609 shares, according to the latest SEC report filing. MGY stock had 40 new institutional investments in for a total of 6,923,829 shares, while 35 institutional investors sold positions of 2,748,116 shares during the same period.