Magnolia Oil & Gas Corp (NYSE: MGY) kicked off on Tuesday, down -5.08% from the previous trading day, before settling in for the closing price of $25.61. Over the past 52 weeks, MGY has traded in a range of $19.16-$27.63.
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During the last 5-year period, the sales growth of Energy Sector giant was 18.53%. While this was happening, its average annual earnings per share was recorded 3.98%. With a float of $181.07 million, this company’s outstanding shares have now reached $183.16 million.
Let’s determine the extent of company efficiency that accounts 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) Breakdown of a Key Holders of the stock
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 111.36%. 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) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around 3.98% 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 3.74.
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 2.37 in one year’s time.
Technical Analysis of Magnolia Oil & Gas Corp (MGY)
Looking closely at Magnolia Oil & Gas Corp (NYSE: MGY), its last 5-days average volume was 1.79 million, which is a drop from its year-to-date volume of 2.67 million. As of the previous 9 days, the stock’s Stochastic %D was 52.15%. Additionally, its Average True Range was 0.71.
During the past 100 days, Magnolia Oil & Gas Corp’s (MGY) raw stochastic average was set at 32.52%, which indicates a significant increase from 11.45% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.00% in the past 14 days, which was higher than the 28.99% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $25.50, while its 200-day Moving Average is $23.79. However, in the short run, Magnolia Oil & Gas Corp’s stock first resistance to watch stands at $24.88. Second resistance stands at $25.45. The third major resistance level sits at $25.84. If the price goes on to break the first support level at $23.91, it is likely to go to the next support level at $23.52. Now, if the price goes above the second support level, the third support stands at $22.95.
Magnolia Oil & Gas Corp (NYSE: MGY) Key Stats
The company with the Market Capitalisation of 4.84 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.
