Magnolia Oil & Gas Corp (NYSE: MGY) kicked off on Tuesday, down -0.97% from the previous trading day, before settling in for the closing price of $25.73. Over the past 52 weeks, MGY has traded in a range of $19.16-$27.63.
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Annual sales at Energy sector company grew by 18.53% over the past five years. While this was happening, its average annual earnings per share was recorded 4.34%. With a float of $181.07 million, this company’s outstanding shares have now reached $183.16 million.
Let’s look at the performance matrix of the company that is accounted for 247 employees. In terms of profitability, gross margin is 58.03%, operating margin of 42.11%, and the pretax margin is 42.02%.
Magnolia Oil & Gas Corp (MGY) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Oil & Gas E&P Industry. The insider ownership of Magnolia Oil & Gas Corp is 9.06%, while institutional ownership is 111.34%. 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 the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 0.54 earnings per share (EPS), higher than consensus estimate (set at 0.53) by 0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.55 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 4.34% 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
Take a look at Magnolia Oil & Gas Corp’s (MGY) current performance indicators. Last quarter, stock had a quick ratio of 1.28. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.92.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.04, a number that is poised to hit 0.55 in the next quarter and is forecasted to reach 2.39 in one year’s time.
Technical Analysis of Magnolia Oil & Gas Corp (MGY)
Magnolia Oil & Gas Corp (NYSE: MGY) saw its 5-day average volume 1.48 million, a negative change from its year-to-date volume of 2.69 million. As of the previous 9 days, the stock’s Stochastic %D was 72.63%. Additionally, its Average True Range was 0.67.
During the past 100 days, Magnolia Oil & Gas Corp’s (MGY) raw stochastic average was set at 56.30%, which indicates a significant decrease from 71.78% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.98% in the past 14 days, which was lower than the 27.87% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $25.45, while its 200-day Moving Average is $23.71. Nevertheless, the first resistance level for the watch stands at $25.71 in the near term. At $25.94, the stock is likely to face the second major resistance level. The third major resistance level sits at $26.17. If the price goes on to break the first support level at $25.25, it is likely to go to the next support level at $25.02. The third support level lies at $24.79 if the price breaches the second support level.
Magnolia Oil & Gas Corp (NYSE: MGY) Key Stats
The company with the Market Capitalisation of 5.07 billion has total of 202,758K Shares Outstanding. Its annual sales at the moment are 1,227 M in contrast with the sum of 388,300 K annual income. Company’s last quarter sales were recorded 336,730 K and last quarter income was 95,560 K.
