Magnolia Oil & Gas Corporation (NYSE:MGY) gain 1.42% – Is It right time to buy?

How have the shares performed?


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Magnolia Oil & Gas Corporation (MGY) saw an uptrend of 1.42% in the recent trading with $11.42 being its most recent. The current price level -14.46% lower than the highest price of $13.35 marked by the stock while trading over the past 52-weeks, whereas it is 179.22% higher than the lowest price of $4.09 the company dropped to over past 52-weeks. The latest news story on MGY appeared in Bloomberg under the title “Private Equity Shale Specialist EnerVest Fires 111 Workers” on May-03-21.

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Squeezing the time span to 30 day period shows us the stock is currently trading -6.85% below one month high and is +10.98% above of the lowest during that time. Looking into the simple moving average, Magnolia Oil & Gas Corporation (MGY)’s stock stands at a SMA-50 of $11.66 while that of 5-day is reading $11.40.

Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and MGY’s SMA-200 as of now is $7.97.

Do analysts rate it as a buy, sell or hold?

Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Moderate Buy by 12 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.40 for the stock.

Magnolia Oil & Gas Corporation Earnings – What Happened With MGY

Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Magnolia Oil & Gas Corporation (MGY) last released financial results for the quarter that ended 12/30/2020, posting a surprise factor of 50.00% for net revenue. During the reported three-month period, company’s sales were $149.24 billion while analysts on average were estimating the same to be $190.1 million.

MGY – Magnolia Oil & Gas Corporation Stock Earnings Estimates

The perspective of Magnolia Oil & Gas Corporation (NYSE:MGY)’s current quarter earnings identifies that analysts are in consensus over the estimate of 0.1 for stock’s EPS in the current quarter. 13 analysts covering the stock at Wall Street were agreed upon that EPS consensus. Company’s EPS for the last quarter was 0.15.

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 164.90 million. MGY does have institutional investors; and they hold 99.50% of the stock.

Magnolia Oil & Gas Corporation – Insider Activity and Holdings

Moreover, the latest SEC filings also revealed that stock came across 4 new insider purchases involving 4,800 shares. On the other hand, MGY declared 52,982 shares have been sold in 12 insider transactions over the past three months.

As on Dec 30, 2020, EnerVest Limited was the top most holder in Magnolia Oil & Gas Corporation (NYSE:MGY) with an ownership of 34.89 million shares of the company or 19.71% of the stake worth $246.31 million. The filing also reveals Price (T.Rowe) Associates Inc as the second largest holder in the company with a control over 10.44% of the outstanding shares. Its stake is worth $130.46 million for having 18.48 million shares in hand.

FMR, LLC also came holding a key position in the company during the recent quarter and it now holds 8.22% of the outstanding shares. With this there are now 267 institutions which have possession in MGY’s shares.

Currently, the stock has been recommended as Moderate Buy by 12 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.40 for the stock.

The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by Magnolia Oil & Gas Corporation was 2.18 while posting a debt to equity ratio of 0.71. The count was 72.39 for long-term debt to equity ratio.

Magnolia Oil & Gas Corporation’s return on equity, or ROE, is -224.70%, compared to the industry average of -7.23% for Energy – Oil & Gas E&P. Although this indicates that MGY fails to use its equity well, the metric will vary significantly depending on the industry.

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