Market cap of Magnolia Oil & Gas Corporation [MGY] reaches 4.94B – now what?

Magnolia Oil & Gas Corporation [NYSE: MGY] price plunged by -0.82 percent to reach at -$0.19. The company report on January 11, 2023 that Magnolia Oil & Gas Schedules Conference Call for Fourth Quarter and Full Year 2022 Results.


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Magnolia Oil & Gas Corporation (NYSE: MGY) will host a conference call and webcast to discuss operational and financial results for the fourth quarter and full year 2022 on Wednesday, February 15 at 10:00 a.m. Central Time (11:00 a.m. Eastern Time).

Join the webcast by visiting Magnolia’s website at www.magnoliaoilgas.com/investors/events-and-presentations and clicking on the webcast link or by dialing 1-844-701-1059. Materials related to Magnolia’s fourth quarter and full year 2022 financial results to be discussed during the webcast will be made available in the Investors section of the website prior to the call. The company will post a replay of the webcast on its website following the call.

A sum of 4858655 shares traded at recent session while its average daily volume was at 1.59M shares. Magnolia Oil & Gas Corporation shares reached a high of $23.34 and dropped to a low of $22.66 until finishing in the latest session at $23.11.

The one-year MGY stock forecast points to a potential upside of 21.87. The average equity rating for MGY stock is currently 2.30, trading closer to a bullish pattern in the stock market.

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 $29.58 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.

Mizuho have made an estimate for Magnolia Oil & Gas Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 10, 2023. While these analysts kept the previous recommendation, KeyBanc Capital Markets raised their target price to Overweight. The new note on the price target was released on September 20, 2022, representing the official price target for Magnolia Oil & Gas Corporation stock. Previously, the target price had yet another raise to $26, while MKM Partners analysts kept a Buy rating on MGY stock.

The Average True Range (ATR) for Magnolia Oil & Gas Corporation is set at 0.87, with the Price to Sales ratio for MGY stock in the period of the last 12 months amounting to 2.94. The Price to Book ratio for the last quarter was 3.43, with the Price to Cash per share for the same quarter was set at 3.23. Price to Free Cash Flow for MGY in the course of the last twelve months was 5.91 with Quick ratio for the last quarter at 2.60.

MGY Stock Performance Analysis:

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 0.35. With this latest performance, MGY shares gained by 0.43% in over the last four-week period, additionally plugging by 3.63% over the last 6 months – not to mention a rise of 12.35% 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 47.53, with the RSI for the last a single of trading hit 46.80, and the three-weeks RSI is set at 47.71 for Magnolia Oil & Gas Corporation [MGY]. The present Moving Average for the last 50 days of trading for this stock 24.03, while it was recorded at 23.56 for the last single week of trading, and 23.76 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 +55.88 and a Gross Margin at +68.04. Magnolia Oil & Gas Corporation’s Net Margin is presently recorded at +38.44.

Return on Equity for this stock inclined to 60.74, with Return on Assets sitting at 25.90.

Magnolia Oil & Gas Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.60 and a Current Ratio set at 2.60.

MGY Stock EPS

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 12.63%.

Magnolia Oil & Gas Corporation [MGY] Insider Position Details

There are presently around $4,480 million, in the hands of institutional investors. The top three institutional holders of MGY stocks are: VANGUARD GROUP INC with ownership of 16,316,045, which is approximately 1.045% of the company’s market cap and around 0.50% of the total institutional ownership; T. ROWE PRICE INVESTMENT MANAGEMENT, INC., holding 15,665,195 shares of the stock with an approximate value of $362.02 million in MGY stocks shares; and ALLIANCEBERNSTEIN L.P., currently with $253.62 million in MGY stock with ownership of nearly 29.412% of the company’s market capitalization.

Positions in Magnolia Oil & Gas Corporation stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 156 institutional holders increased their position in Magnolia Oil & Gas Corporation [NYSE:MGY] by around 25,718,044 shares. Additionally, 134 investors decreased positions by around 30,526,050 shares, while 31 investors held positions by with 137,628,001 shares. The mentioned changes placed institutional holdings at 193,872,095 shares, according to the latest SEC report filing. MGY stock had 33 new institutional investments in for a total of 16,727,509 shares, while 36 institutional investors sold positions of 2,919,349 shares during the same period.

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