Magnolia Oil & Gas/MGY

$25.24

-1.67%
-
1D1W1MYTD1YMAX

About Magnolia Oil & Gas

Magnolia Oil & Gas Corporation is an independent oil and natural gas company, which acquires, develops, explores and produces oil, natural gas and natural gas liquid (NGL) reserves. The Company’s oil and natural gas properties are located primarily in the Karnes and Giddings areas in South Texas, where the Company targets the Eagle Ford Shale and Austin Chalk formations. The Company’s assets consist of a total leasehold position of 789,719 gross (576,504 net) acres, including 72,503 gross (50,681 net) acres in the Karnes area and 717,216 gross (525,823 net) acres in the Giddings area. The Karnes area consists of oil and natural gas assets primarily located in Karnes, Dimmit, Gonzales, and Zavala Counties, Texas, in the core of the Eagle Ford Shale. The acreage comprising the Karnes area also includes the Austin Chalk formation overlying the Eagle Ford Shale. The Giddings Assets are located in Brazos, Burleson, Fayette, Grimes, Lee, Milam, Robertson and Washington Counties, Texas.

Ticker

MGY

Sector

Energy

Trading on

NYSE

Industry

Oil & Gas Operations

CEO

Christopher Stavros

Employees

247

Headquarters

Houston, United States

MGY Metrics

BasicAdvanced
$5.2B
Market cap
12.70
P/E ratio
$2.02
EPS
2.00
Beta
$0.49
Dividend rate
2.03%
Dividend yield
$5.2B
1.99515
$27.33
$19.05
3.5M
$0.49
1.707
23.129
23.129
23.79%
19.634
188.7%
16.1%
22.78%
19.89%
12.7
4.204
3.068
3.059
15.444
1.91%
2.03%
-23.82%
-53.47%
31.36%

What the Analysts think about MGY

Analyst Ratings

Majority rating from 16 analysts.
Buy

Price Targets

Average projection from 12 analysts.
12.8% upside
High $35.00
Low $22.00
$25.24
Current price
$28.47
Average price target

MGY Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
26.61% profit margin
QuarterlyAnnual
Q1 24
QoQ growth
Revenue
$319M
-0.99%
Net income
$85M
-13.62%
Profit margin
26.61%
-12.75%

MGY Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 6.35%
QuarterlyAnnual
Q2 23
Q3 23
Q4 23
Q1 24
Q2 24
Actual
$0.51
$0.54
$0.52
$0.49
-
Expected
$0.42
$0.53
$0.53
$0.46
$0.55
Surprise
20.95%
0.96%
-1.74%
6.35%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

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FAQs

What’s the current market cap for Magnolia Oil & Gas stock?

Magnolia Oil & Gas (MGY) has a market cap of $5.2B as of May 18, 2024.

What is the P/E ratio for Magnolia Oil & Gas stock?

The price to earnings (P/E) ratio for Magnolia Oil & Gas (MGY) stock is 12.7 as of May 18, 2024.

Does Magnolia Oil & Gas stock pay dividends?

Yes, the Magnolia Oil & Gas (MGY) stock pays dividends to shareholders. As of May 18, 2024, the dividend rate is $0.49 and the yield is 2.03%. Magnolia Oil & Gas has a payout ratio of 23.79% on a trailing twelve-month basis.

When is the next Magnolia Oil & Gas dividend payment date?

The next Magnolia Oil & Gas (MGY) dividend payment is scheduled for June 03, 2024.

What is the beta indicator for Magnolia Oil & Gas?

Magnolia Oil & Gas (MGY) has a beta rating of 2. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.

What is the Magnolia Oil & Gas stock price target?

The target price for Magnolia Oil & Gas (MGY) stock is $28.47, which is 11.73% above the current price of $25.48. This is an average based on projections from 12 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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