Magnolia Oil & Gas Corp (NYSE: MGY) on Friday, plunged -3.68% from the previous trading day, before settling in for the closing price of $26.65. Within the past 52 weeks, MGY’s price has moved between $19.16 and $29.02.
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During the last 5-year period, the sales growth of Energy Sector giant was 18.53%. The company achieved an average annual earnings per share of -1.58%. With a float of $186.29 million, this company’s outstanding shares have now reached $191.48 million.
Let’s determine the extent of company efficiency that accounts for 247 employees. 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) Breakdown of a Key Holders of the stock
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 112.97%. 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) Recent Fiscal highlights
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.49 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -1.58% 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 3.70. Likewise, its price to free cash flow for the trailing twelve months is 225.53.
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 2.04 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 1.57 million, which is a drop from its year-to-date volume of 2.45 million. As of the previous 9 days, the stock’s Stochastic %D was 9.81%. Additionally, its Average True Range was 0.73.
During the past 100 days, Magnolia Oil & Gas Corp’s (MGY) raw stochastic average was set at 46.91%, which indicates a significant increase from 5.63% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.03% in the past 14 days, which was lower than the 33.04% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $26.51, while its 200-day Moving Average is $25.46. However, in the short run, Magnolia Oil & Gas Corp’s stock first resistance to watch stands at $26.30. Second resistance stands at $26.92. The third major resistance level sits at $27.34. If the price goes on to break the first support level at $25.26, it is likely to go to the next support level at $24.84. Now, if the price goes above the second support level, the third support stands at $24.22.
Magnolia Oil & Gas Corp (NYSE: MGY) Key Stats
Market capitalization of the company is 4.86 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.
