A new trading day began on Tuesday, with Magnolia Oil & Gas Corp (NYSE: MGY) stock price down -3.00% from the previous day of trading, before settling in for the closing price of $24.01. MGY’s price has ranged from $21.61 to $29.02 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Energy sector was 18.77%. Meanwhile, its annual earnings per share averaged 8.89%. With a float of $183.27 million, this company’s outstanding shares have now reached $189.36 million.
Considering the fact that the conglomerate employs 252 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 51.44%, operating margin of 38.91%, and the pretax margin is 37.48%.
Magnolia Oil & Gas Corp (MGY) Insider Activity
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 5.61%, while institutional ownership is 112.83%. The most recent insider transaction that took place on Jan 08 ’25, was worth 4,714,373. 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 0.51 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 8.89% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.02% during the next five years compared to 46.84% 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 1.42. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.44. Likewise, its price to free cash flow for the trailing twelve months is 16.98.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.94, a number that is poised to hit 0.52 in the next quarter and is forecasted to reach 2.32 in one year’s time.
Technical Analysis of Magnolia Oil & Gas Corp (MGY)
Compared to the last year’s volume of 2.02 million, its volume of 2.93 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 38.81%. Additionally, its Average True Range was 0.78.
During the past 100 days, Magnolia Oil & Gas Corp’s (MGY) raw stochastic average was set at 10.89%, which indicates a significant decrease from 20.52% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.68% in the past 14 days, which was higher than the 30.02% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $24.29, while its 200-day Moving Average is $25.30. Nevertheless, the first resistance level for the watch stands at $23.94 in the near term. At $24.60, the stock is likely to face the second major resistance level. The third major resistance level sits at $24.94. If the price goes on to break the first support level at $22.94, it is likely to go to the next support level at $22.60. Should the price break the second support level, the third support level stands at $21.94.
Magnolia Oil & Gas Corp (NYSE: MGY) Key Stats
With a market capitalization of 4.52 billion, the company has a total of 196,560K Shares Outstanding. Currently, annual sales are 1,316 M while annual income is 366,030 K. The company’s previous quarter sales were 326,610 K while its latest quarter income was 85,600 K.
