Magnolia Oil & Gas Corp (NYSE: MGY) kicked off on Friday, down -1.08% from the previous trading day, before settling in for the closing price of $23.14. Over the past 52 weeks, MGY has traded in a range of $19.16-$29.02.
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Energy Sector giant saw their annual sales surged by 18.53% over the last five years. While this was happening, its average annual earnings per share was recorded -2.13%. With a float of $186.29 million, this company’s outstanding shares have now reached $191.48 million.
The firm has a total of 247 workers. Let’s measure their productivity. 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 Activity
Our next focus will be how large-scale investors are participating in this stock of the Oil & Gas E&P Industry. The insider ownership of Magnolia Oil & Gas Corp is 5.22%, while institutional ownership is 112.89%. 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
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 -2.13% 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
Take a look at Magnolia Oil & Gas Corp’s (MGY) current performance indicators. Last quarter, stock had a quick ratio of 1.47. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.39. Likewise, its price to free cash flow for the trailing twelve months is 206.53.
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 1.98 in one year’s time.
Technical Analysis of Magnolia Oil & Gas Corp (MGY)
Analysing the last 5-days average volume posted by the [Magnolia Oil & Gas Corp, MGY], we can find that recorded value of 3.34 million was better than the volume posted last year of 2.46 million. As of the previous 9 days, the stock’s Stochastic %D was 3.01%. 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 3.62%, which indicates a significant decrease from 4.57% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.58% in the past 14 days, which was lower than the 33.37% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $26.29, while its 200-day Moving Average is $25.56. Now, the first resistance to watch is $23.26. This is followed by the second major resistance level at $23.62. The third major resistance level sits at $23.92. If the price goes on to break the first support level at $22.59, it is likely to go to the next support level at $22.29. Should the price break the second support level, the third support level stands at $21.93.
Magnolia Oil & Gas Corp (NYSE: MGY) Key Stats
The company with the Market Capitalisation of 4.45 billion has total of 196,560K Shares Outstanding. Its annual sales at the moment are 1,227 M in contrast with the sum of 388,300 K annual income. Company’s last quarter sales were recorded 333,140 K and last quarter income was 99,780 K.
