Magnolia Oil & Gas Corp (NYSE: MGY) on Friday, soared 0.22% from the previous trading day, before settling in for the closing price of $27.68. Within the past 52 weeks, MGY’s price has moved between $19.16 and $29.02.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
It was noted that within the last five years, the titan of the Energy sector saw sales topped by 18.53%. The company achieved an average annual earnings per share of -1.64%. With a float of $186.29 million, this company’s outstanding shares have now reached $196.56 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 52.39%, operating margin of 40.09%, and the pretax margin is 40.22%.
Magnolia Oil & Gas Corp (MGY) Insider and Institutional Ownership
Observing investor behavior towards Oil & Gas E&P industry stocks is more important than anything else. The insider ownership of Magnolia Oil & Gas Corp is 5.23%, while institutional ownership is 112.94%. 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 -1.64% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -8.06% 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
Magnolia Oil & Gas Corp (MGY) is currently performing well based on its current performance indicators. A quick ratio of 1.47 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.17. Likewise, its price to free cash flow for the trailing twelve months is 253.57.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.02, a number that is poised to hit 0.48 in the next quarter and is forecasted to reach 2.03 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 1.74 million was inferior to 2.47 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 38.25%. Additionally, its Average True Range was 0.68.
During the past 100 days, Magnolia Oil & Gas Corp’s (MGY) raw stochastic average was set at 79.71%, which indicates a significant increase from 43.36% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.44% in the past 14 days, which was lower than the 32.52% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $26.36, while its 200-day Moving Average is $25.34. Now, the first resistance to watch is $27.87. This is followed by the second major resistance level at $27.99. The third major resistance level sits at $28.09. If the price goes on to break the first support level at $27.65, it is likely to go to the next support level at $27.55. The third support level lies at $27.43 if the price breaches the second support level.
Magnolia Oil & Gas Corp (NYSE: MGY) Key Stats
Market capitalization of the company is 5.46 billion based on 196,560K outstanding shares. Right now, sales total 1,227 M and income totals 388,300 K. The company made 333,140 K in profit during its latest quarter, and 99,780 K in sales during its previous quarter.
