On Tuesday, Magnolia Oil & Gas Corp (NYSE: MGY) was 0.50% up from the session before settling in for the closing price of $25.89. A 52-week range for MGY has been $19.16 – $27.63.
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During the last 5-year period, the sales growth of Energy Sector giant was 18.53%. When this article was written, the company’s average yearly earnings per share was at -3.50%. With a float of $183.41 million, this company’s outstanding shares have now reached $199.12 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) Insider Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Magnolia Oil & Gas Corp stocks. The insider ownership of Magnolia Oil & Gas Corp is 7.89%, while institutional ownership is 110.26%. The most recent insider transaction that took place on Sep 23 ’24, was worth 181,020,000. In this transaction Director of this company sold 7,000,000 shares at a rate of $25.86, taking the stock ownership to the 2,099,403 shares. Before that another transaction happened on Sep 23 ’24, when Company’s Director sold 7,000,000 for $25.86, making the entire transaction worth $181,020,000. This insider now owns 2,099,403 shares in total.
Magnolia Oil & Gas Corp (MGY) Earnings and Forecasts
Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted 0.54 earnings per share (EPS) during the time that was better than consensus figure (set at 0.53) by 0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.48 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -3.50% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.87% 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
You can see what Magnolia Oil & Gas Corp (MGY) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.28. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.00.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.04, a number that is poised to hit 0.48 in the next quarter and is forecasted to reach 2.02 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 1.72 million, which is a drop from its year-to-date volume of 2.58 million. As of the previous 9 days, the stock’s Stochastic %D was 28.93%. 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 67.28%, which indicates a significant increase from 39.96% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 36.13% in the past 14 days, which was higher than the 31.87% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $25.20, while its 200-day Moving Average is $24.46. However, in the short run, Magnolia Oil & Gas Corp’s stock first resistance to watch stands at $26.27. Second resistance stands at $26.53. The third major resistance level sits at $26.77. If the price goes on to break the first support level at $25.77, it is likely to go to the next support level at $25.53. Should the price break the second support level, the third support level stands at $25.27.
Magnolia Oil & Gas Corp (NYSE: MGY) Key Stats
There are 202,758K outstanding shares of the company, which has a market capitalization of 5.18 billion. As of now, sales total 1,227 M while income totals 388,300 K. Its latest quarter income was 336,730 K while its last quarter net income were 95,560 K.
