Witnessing the stock’s movement on the chart, on Thursday, Magnolia Oil & Gas Corp (NYSE: MGY) set off with pace as it heaved 0.61% to $26.49, before settling in for the price of $26.33 at the close. Taking a more long-term approach, MGY posted a 52-week range of $19.16-$27.63.
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It was noted that the giant of the Energy sector posted annual sales growth of 18.53% over the last 5 years. Meanwhile, its Annual Earning per share during the time was 14.59%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -3.36%. This publicly-traded company’s shares outstanding now amounts to $199.12 million, simultaneously with a float of $183.41 million. The organization now has a market capitalization sitting at $5.27 billion. At the time of writing, stock’s 50-day Moving Average stood at $25.11, while the 200-day Moving Average is $24.39.
Magnolia Oil & Gas Corp (MGY) Ownership Facts and Figures
Nothing is more important than checking the behaviour of major investors towards the stock of the Oil & Gas E&P industry. Magnolia Oil & Gas Corp’s current insider ownership accounts for 7.89%, in contrast to 110.20% institutional ownership. According to the most recent insider trade that took place on Sep 23 ’24, this organization’s Director sold 7,000,000 shares at the rate of 25.86, making the entire transaction reach 181,020,000 in total value, affecting insider ownership by 2,099,403. Preceding that transaction, on Sep 23 ’24, Company’s Director sold 7,000,000 for 25.86, making the whole transaction’s value amount to 181,020,000. This particular insider is now the holder of 2,099,403 in total.
Magnolia Oil & Gas Corp (MGY) Earnings and Revenue Records
Magnolia Oil & Gas Corp’s EPS decrease for this current 12-month fiscal period is -3.36% and is forecasted to reach 2.03 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 9.87% through the next 5 years, which can be compared against the 14.59% growth it accomplished over the previous five years trading on the market.
Magnolia Oil & Gas Corp (NYSE: MGY) Trading Performance Indicators
Let’s observe the current performance indicators for Magnolia Oil & Gas Corp (MGY). It’s Quick Ratio in the last reported quarter now stands at 1.28. The Stock has managed to achieve an average true range (ATR) of 0.76. Alongside those numbers, its PE Ratio stands at $13.01, and its Beta score is 2.01. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 4.07.
In the same vein, MGY’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 2.04, a figure that is expected to reach 0.48 in the next quarter, and analysts are predicting that it will be 2.03 at the market close of one year from today.
Technical Analysis of Magnolia Oil & Gas Corp (MGY)
Going through the that latest performance of [Magnolia Oil & Gas Corp, MGY]. Its last 5-days volume of 1.9 million was inferior to the volume of 2.6 million it revealed a year ago. During the previous 9 days, stock’s Stochastic %D was recorded 39.52% While, its Average True Range was 0.77.
Raw Stochastic average of Magnolia Oil & Gas Corp (MGY) in the period of the previous 100 days is set at 76.83%, which indicates a major rise in contrast to 74.30% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 35.34% that was higher than 31.98% volatility it exhibited in the past 100-days period.
