A new trading day began on Friday, with Magnolia Oil & Gas Corp (NYSE: MGY) stock price up 2.03% from the previous day of trading, before settling in for the closing price of $26.07. MGY’s price has ranged from $19.16 to $27.62 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Energy sector saw sales topped by 18.53%. Meanwhile, its annual earnings per share averaged 6.27%. With a float of $174.12 million, this company’s outstanding shares have now reached $183.16 million.
The extent of productivity of a business whose workforce counts for 247 workers is very important to gauge.
Magnolia Oil & Gas Corp (MGY) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Oil & Gas E&P Industry. The insider ownership of Magnolia Oil & Gas Corp is 14.12%, while institutional ownership is 108.11%. The most recent insider transaction that took place on May 14 ’24, was worth 306,960,000. In this transaction Director of this company sold 12,000,000 shares at a rate of $25.58, taking the stock ownership to the 4,164,961 shares. Before that another transaction happened on May 14 ’24, when Company’s Director sold 12,000,000 for $25.58, making the entire transaction worth $306,960,000. This insider now owns 4,164,961 shares in total.
Magnolia Oil & Gas Corp (MGY) Latest Financial update
In its latest quarterly report, released on 3/31/2024, the company reported earnings of 0.51 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.57 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 6.27% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 5.60% 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
Here are Magnolia Oil & Gas Corp’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.71. 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 74.66.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.00, a number that is poised to hit 0.52 in the next quarter and is forecasted to reach 2.45 in one year’s time.
Technical Analysis of Magnolia Oil & Gas Corp (MGY)
The latest stats from [Magnolia Oil & Gas Corp, MGY] show that its last 5-days average volume of 2.73 million was inferior to 2.77 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 26.17%. Additionally, its Average True Range was 0.60.
During the past 100 days, Magnolia Oil & Gas Corp’s (MGY) raw stochastic average was set at 77.26%, which indicates a significant increase from 59.68% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.50% in the past 14 days, which was higher than the 23.26% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $25.41, while its 200-day Moving Average is $23.45. Now, the first resistance to watch is $26.84. This is followed by the second major resistance level at $27.08. The third major resistance level sits at $27.53. If the price goes on to break the first support level at $26.15, it is likely to go to the next support level at $25.70. The third support level lies at $25.46 if the price breaches the second support level.
Magnolia Oil & Gas Corp (NYSE: MGY) Key Stats
With a market capitalization of 5.39 billion, the company has a total of 202,758K Shares Outstanding. Currently, annual sales are 1,227 M while annual income is 388,300 K. The company’s previous quarter sales were 319,420 K while its latest quarter income was 85,090 K.
