Magnolia Oil & Gas Corp (NYSE: MGY) on Monday, plunged -1.84% from the previous trading day, before settling in for the closing price of $26.68. Within the past 52 weeks, MGY’s price has moved between $18.72 and $27.33.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Energy sector was 18.53%. The company achieved an average annual earnings per share of 5.32%. With a float of $171.53 million, this company’s outstanding shares have now reached $183.16 million.
Considering the fact that the conglomerate employs 247 people, you should pay attention to its efficiency factor.
Magnolia Oil & Gas Corp (MGY) Breakdown of a Key Holders of the stock
Observing investor behavior towards Oil & Gas E&P industry stocks is more important than anything else. The insider ownership of Magnolia Oil & Gas Corp is 16.02%, while institutional ownership is 94.35%. The most recent insider transaction that took place on Sep 12 ’23, was worth 23,520. In this transaction Director of this company bought 1,000 shares at a rate of $23.52, taking the stock ownership to the 76,671 shares.
Magnolia Oil & Gas Corp (MGY) Recent Fiscal highlights
Wall Street market experts anticipate that the next fiscal year will bring earnings of 42.85 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 5.32% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -9.83% during the next five years compared to 14.59% growth over the previous five years of trading.
Magnolia Oil & Gas Corp (NYSE: MGY) Trading Performance Indicators
Magnolia Oil & Gas Corp (MGY) is currently performing well based on its current performance indicators. A quick ratio of 1.88 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.36. Likewise, its price to free cash flow for the trailing twelve months is 128.56.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.04, a number that is poised to hit 0.47 in the next quarter and is forecasted to reach 2.44 in one year’s time.
Technical Analysis of Magnolia Oil & Gas Corp (MGY)
Compared to the last year’s volume of 3.3 million, its volume of 2.4 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 46.30%. Additionally, its Average True Range was 0.54.
During the past 100 days, Magnolia Oil & Gas Corp’s (MGY) raw stochastic average was set at 86.05%, which indicates a significant increase from 53.85% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 16.85% in the past 14 days, which was lower than the 23.44% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $23.58, while its 200-day Moving Average is $22.29. Nevertheless, the first resistance level for the watch stands at $26.76 in the near term. At $27.34, the stock is likely to face the second major resistance level. The third major resistance level sits at $27.68. If the price goes on to break the first support level at $25.84, it is likely to go to the next support level at $25.50. Now, if the price goes above the second support level, the third support stands at $24.92.
Magnolia Oil & Gas Corp (NYSE: MGY) Key Stats
Market capitalization of the company is 5.35 billion based on 204,277K outstanding shares. Right now, sales total 1,227 M and income totals 388,300 K. The company made 322,630 K in profit during its latest quarter, and 98,440 K in sales during its previous quarter.
