Magnolia Oil & Gas Corp [NYSE: MGY] closed the trading session at $24.37.
The stocks have a year to date performance of 14.47 percent and weekly performance of -4.58 percent. The stock has been moved at 20.52 percent over the last six months. The stock has performed -5.06 percent around the most recent 30 days and changed -5.83 percent over the most recent 3-months.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
If compared to the average trading volume of 2.31M shares, MGY reached to a volume of 3064814 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Magnolia Oil & Gas Corp [MGY]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MGY shares is $28.88 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 2.16. 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.
Wolfe Research have made an estimate for Magnolia Oil & Gas Corp shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on July 18, 2024. The new note on the price target was released on April 19, 2024, representing the official price target for Magnolia Oil & Gas Corp stock. Previously, the target price had yet another raise to $25, while BofA Securities analysts kept a Buy rating on MGY stock. On December 11, 2023, analysts decreased their price target for MGY shares from 24 to 18.
The Average True Range (ATR) for Magnolia Oil & Gas Corp is set at 0.87, with the Price to Sales ratio for MGY stock in the period of the last 12 months amounting to 3.61. The Price to Book ratio for the last quarter was 2.67, with the Price to Cash per share for the same quarter was set at 1.44.
MGY stock trade performance evaluation
Magnolia Oil & Gas Corp [MGY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.58. With this latest performance, MGY shares dropped by -5.06% in over the last four-week period, additionally plugging by 20.52% over the last 6 months – not to mention a rise of 6.05% 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 41.59, with the RSI for the last a single of trading hit 39.74, and the three-weeks RSI is set at 43.53 for Magnolia Oil & Gas Corp [MGY]. The present Moving Average for the last 50 days of trading for this stock 25.37, while it was recorded at 23.92 for the last single week of trading, and 23.53 for the last 200 days.
Magnolia Oil & Gas Corp [MGY]: An insightful look at the core fundamentals
Magnolia Oil & Gas Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.28 and a Current Ratio set at 1.28.
Earnings per share (EPS) analysis for Magnolia Oil & Gas Corp [MGY] stock
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 Corp go to 5.60%.
Magnolia Oil & Gas Corp [MGY]: Institutional Ownership
The top three institutional holders of MGY stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in MGY stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in MGY stock with ownership which is approximately 5.1238%.
