A new trading day began on Tuesday, with Magnolia Oil & Gas Corp (NYSE: MGY) stock price down -1.06% from the previous day of trading, before settling in for the closing price of $25.57. MGY’s price has ranged from $19.16 to $27.63 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Energy sector saw sales topped by 18.53%. Meanwhile, its annual earnings per share averaged -3.45%. With a float of $183.41 million, this company’s outstanding shares have now reached $199.12 million.
The extent of productivity of a business whose workforce counts for 247 workers is very important to gauge. 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
As we move forward, let’s examine how large-scale investors are investing in this stock of the Oil & Gas E&P Industry. The insider ownership of Magnolia Oil & Gas Corp is 7.89%, while institutional ownership is 110.18%. 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) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around -3.45% 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
Here are Magnolia Oil & Gas Corp’s current performance indicators. According to the last quarter’s results, the 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 3.89.
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)
The latest stats from [Magnolia Oil & Gas Corp, MGY] show that its last 5-days average volume of 1.64 million was inferior to 2.56 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 30.22%. 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 52.64%, which indicates a significant increase from 7.86% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 28.29% in the past 14 days, which was lower than the 30.90% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $25.27, while its 200-day Moving Average is $24.59. Now, the first resistance to watch is $25.60. This is followed by the second major resistance level at $25.90. The third major resistance level sits at $26.11. If the price goes on to break the first support level at $25.08, it is likely to go to the next support level at $24.87. The third support level lies at $24.57 if the price breaches the second support level.
Magnolia Oil & Gas Corp (NYSE: MGY) Key Stats
With a market capitalization of 5.04 billion, the company has a total of 199,120K Shares Outstanding. Currently, annual sales are 1,227 M while annual income is 388,300 K. The company’s previous quarter sales were 336,730 K while its latest quarter income was 95,560 K.
