Magnolia Oil & Gas Corp (NYSE: MGY) kicked off on Tuesday, up 2.56% from the previous trading day, before settling in for the closing price of $24.21. Over the past 52 weeks, MGY has traded in a range of $19.16-$27.63.
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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%. While this was happening, its average annual earnings per share was recorded 0.78%. With a float of $181.35 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. 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 Activity
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 8.93%, while institutional ownership is 109.83%. 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) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 0.78% 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 3.82.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.04, a number that is poised to hit 0.52 in the next quarter and is forecasted to reach 2.22 in one year’s time.
Technical Analysis of Magnolia Oil & Gas Corp (MGY)
Compared to the last year’s volume of 2.61 million, its volume of 1.65 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 74.63%. Additionally, its Average True Range was 0.61.
During the past 100 days, Magnolia Oil & Gas Corp’s (MGY) raw stochastic average was set at 43.09%, which indicates a significant decrease from 63.69% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 28.97% in the past 14 days, which was lower than the 29.50% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $25.18, while its 200-day Moving Average is $23.90. Nevertheless, the first resistance level for the watch stands at $25.05 in the near term. At $25.26, the stock is likely to face the second major resistance level. The third major resistance level sits at $25.67. If the price goes on to break the first support level at $24.43, it is likely to go to the next support level at $24.02. Should the price break the second support level, the third support level stands at $23.81.
Magnolia Oil & Gas Corp (NYSE: MGY) Key Stats
The company with the Market Capitalisation of 4.94 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.
