Magnolia Oil & Gas Corporation [NYSE: MGY] loss -2.56% on the last trading session, reaching $21.68 price per share at the time. The company report on February 14, 2023 that Magnolia Oil & Gas Corporation Announces 2022 Fourth Quarter and Year-End Results.
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Magnolia Oil & Gas Corporation (“Magnolia,” “we,” “our,” or the “Company”) (NYSE: MGY) today announced its financial and operational results for the fourth quarter and full year 2022.
Magnolia Oil & Gas Corporation represents 190.31 million in outstanding shares, while the company has a total market value of $4.56 billion with the latest information. MGY stock price has been found in the range of $21.52 to $22.355.
If compared to the average trading volume of 1.64M shares, MGY reached a trading volume of 2748385 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $29.25 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 0.83, with the Price to Sales ratio for MGY stock in the period of the last 12 months amounting to 2.69. The Price to Book ratio for the last quarter was 2.62, with the Price to Cash per share for the same quarter was set at 3.21. Price to Free Cash Flow for MGY in the course of the last twelve months was 6.03 with Quick ratio for the last quarter at 2.50.
Trading performance analysis for MGY stock
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 -3.04. With this latest performance, MGY shares dropped by -2.91% in over the last four-week period, additionally sinking by -4.45% over the last 6 months – not to mention a drop of -9.10% 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 43.37, with the RSI for the last a single of trading hit 40.96, and the three-weeks RSI is set at 44.57 for Magnolia Oil & Gas Corporation [MGY]. The present Moving Average for the last 50 days of trading for this stock 22.82, while it was recorded at 22.59 for the last single week of trading, and 23.50 for the last 200 days.
Magnolia Oil & Gas Corporation [MGY]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Magnolia Oil & Gas Corporation [MGY] shares currently have an operating margin of +63.37 and a Gross Margin at +73.19. Magnolia Oil & Gas Corporation’s Net Margin is presently recorded at +52.27.
Return on Equity for this stock inclined to 74.02, with Return on Assets sitting at 41.01.
Magnolia Oil & Gas Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.50 and a Current Ratio set at 2.50.
Magnolia Oil & Gas Corporation [MGY]: An earnings per share (EPS) analysis
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 -9.83%.
An analysis of insider ownership at Magnolia Oil & Gas Corporation [MGY]
There are presently around $4,260 million, in the hands of institutional investors. The top three institutional holders of MGY stocks are: VANGUARD GROUP INC with ownership of 16,647,997, which is approximately 2.035% of the company’s market cap and around 0.50% of the total institutional ownership; T. ROWE PRICE INVESTMENT MANAGEMENT, INC., holding 15,720,703 shares of the stock with an approximate value of $340.82 million in MGY stocks shares; and BLACKROCK INC., currently with $272.33 million in MGY stock with ownership of nearly 14.918% of the company’s market capitalization.
Positions in Magnolia Oil & Gas Corporation stocks held by institutional investors increased at the end of Tuesday and at the time of the Tuesday reporting period, where 162 institutional holders increased their position in Magnolia Oil & Gas Corporation [NYSE:MGY] by around 15,529,837 shares. Additionally, 136 investors decreased positions by around 13,739,240 shares, while 39 investors held positions by with 167,206,698 shares. The mentioned changes placed institutional holdings at 196,475,775 shares, according to the latest SEC report filing. MGY stock had 55 new institutional investments in for a total of 4,308,085 shares, while 34 institutional investors sold positions of 2,898,304 shares during the same period.