Magnolia Oil & Gas Corporation [MGY] is -54.13% lower this YTD. Is it still time to buy?

Magnolia Oil & Gas Corporation [NYSE: MGY] traded at a low on 11/18/20, posting a -4.15 loss after which it closed the day’ session at $5.77. The company report on November 6, 2020 that Magnolia Oil & Gas Corp. to Host Earnings Call.

Magnolia Oil & Gas Corp. (NYSE:MGY) will be discussing their earnings results in their 2020 Third Quarter Earnings call to be held on November 6, 2020 at 11:00 AM Eastern Time.

To listen to the event live or access a replay of the call – visit https://www.investornetwork.com/event/presentation/69755.

The results of the trading session contributed to over 1940858 shares changing hands. Over the past one week, the price volatility of Magnolia Oil & Gas Corporation stands at 7.01% while the volatility over the past one month is 6.77%.

The market cap for MGY stock reached $1.37 billion, with 166.47 million shares outstanding and 105.52 million shares in the current float. Compared to the average trading volume of 1.66M shares, MGY reached a trading volume of 1940858 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about 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 $7.34 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 2.30. 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.

Northland Capital have made an estimate for Magnolia Oil & Gas Corporation shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on November 06, 2020. The new note on the price target was released on August 27, 2020, representing the official price target for Magnolia Oil & Gas Corporation stock. Previously, the target price had yet another raise to $8, while Goldman analysts kept a Buy rating on MGY stock.

The Average True Range (ATR) for Magnolia Oil & Gas Corporation is set at 0.36, with the Price to Sales ratio for MGY stock in the period of the last 12 months amounting to 2.23. The Price to Book ratio for the last quarter was 1.80, 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 8.45 with Quick ratio for the last quarter at 1.70.

How has MGY stock performed recently?

Magnolia Oil & Gas Corporation [MGY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.96. With this latest performance, MGY shares gained by 15.63% in over the last four-week period, additionally sinking by -7.83% over the last 6 months – not to mention a drop of -48.67% 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 62.84, with the RSI for the last a single of trading hit 67.80, and the three-weeks RSI is set at 58.22 for Magnolia Oil & Gas Corporation [MGY]. The present Moving Average for the last 50 days of trading for this stock 5.20, while it was recorded at 5.65 for the last single week of trading, and 5.84 for the last 200 days.

Magnolia Oil & Gas Corporation [MGY]: Deeper insight into the 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 1.70 and a Current Ratio set at 1.70.

Earnings analysis for Magnolia Oil & Gas Corporation [MGY]

With the latest financial reports released by the company, Magnolia Oil & Gas Corporation posted 0.05/share EPS, while the average EPS was predicted by analysts to be reported at 0.07/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -28.60%. 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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Magnolia Oil & Gas Corporation go to 46.69%.

Insider trade positions for Magnolia Oil & Gas Corporation [MGY]

There are presently around $1,014 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 4.80% of the total institutional ownership; PRICE T ROWE ASSOCIATES INC /MD/, holding 17,394,760 shares of the stock with an approximate value of $100.37 million in MGY stocks shares; and FMR LLC, currently with $80.29 million in MGY stock with ownership of nearly 32.618% of the company’s market capitalization.

Positions in Magnolia Oil & Gas Corporation stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 83 institutional holders increased their position in Magnolia Oil & Gas Corporation [NYSE:MGY] by around 14,683,560 shares. Additionally, 88 investors decreased positions by around 15,108,470 shares, while 28 investors held positions by with 145,871,005 shares. The mentioned changes placed institutional holdings at 175,663,035 shares, according to the latest SEC report filing. MGY stock had 26 new institutional investments in for a total of 2,370,084 shares, while 18 institutional investors sold positions of 2,234,720 shares during the same period.

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