Magnolia Oil & Gas Corp (NYSE: MGY) on Friday, soared 3.24% from the previous trading day, before settling in for the closing price of $22.54. Within the past 52 weeks, MGY’s price has moved between $21.63 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
Over the past five-year period, the growth rate of yearbook sales for the company of the Energy sector was 18.77%. The company achieved an average annual earnings per share of 9.51%. With a float of $183.37 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
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 5.56%, while institutional ownership is 114.69%. The most recent insider transaction that took place on Mar 03 ’25, was worth 55,138. In this transaction CEO & DIRECTOR of this company bought 2,500 shares at a rate of $22.05, taking the stock ownership to the 892,372 shares. Before that another transaction happened on Jan 08 ’25, when Company’s Officer proposed sale 195,293 for $24.14, making the entire transaction worth $4,714,373.
Magnolia Oil & Gas Corp (MGY) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.52 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 9.51% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 4.57% 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
Magnolia Oil & Gas Corp (MGY) is currently performing well based on its current performance indicators. A quick ratio of 1.42 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 3.43. Likewise, its price to free cash flow for the trailing twelve months is 16.97.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.94, a number that is poised to hit 0.53 in the next quarter and is forecasted to reach 2.31 in one year’s time.
Technical Analysis of Magnolia Oil & Gas Corp (MGY)
Compared to the last year’s volume of 2.23 million, its volume of 3.06 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 53.02%. Additionally, its Average True Range was 0.91.
During the past 100 days, Magnolia Oil & Gas Corp’s (MGY) raw stochastic average was set at 22.19%, which indicates a significant decrease from 62.60% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 36.93% in the past 14 days, which was higher than the 29.62% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $24.06, while its 200-day Moving Average is $25.13. Nevertheless, the first resistance level for the watch stands at $23.58 in the near term. At $23.88, the stock is likely to face the second major resistance level. The third major resistance level sits at $24.40. If the price goes on to break the first support level at $22.75, it is likely to go to the next support level at $22.23. Should the price break the second support level, the third support level stands at $21.92.
Magnolia Oil & Gas Corp (NYSE: MGY) Key Stats
Market capitalization of the company is 4.52 billion based on 194,159K outstanding shares. Right now, sales total 1,316 M and income totals 366,030 K. The company made 326,610 K in profit during its latest quarter, and 85,600 K in sales during its previous quarter.
