S&P 500   4,191.98
DOW   33,426.63
QQQ   336.51
Mount Etna volcano erupts, raining ash on Catania, forcing flight suspension at local airport
[BREAKING] Small Firm Develops World's First Anti-Aircraft Laser (Ad)
China tells tech manufacturers to stop using Micron chips, stepping up feud with United States
Stock market today: Asian shares mostly rise despite worries about US debt talks
Buy THIS stock before Taiwan is attacked (Ad)
SpaceX launches two Saudi astronauts on private flight to space station
Civil rights groups warn tourists about Florida in wake of 'hostile' laws
Buy THIS stock before Taiwan is attacked (Ad)
South Korean, German leaders agree to cooperate on supply chains, North Korea
Animal rights activists protest octopus farm plans in Spain
S&P 500   4,191.98
DOW   33,426.63
QQQ   336.51
Mount Etna volcano erupts, raining ash on Catania, forcing flight suspension at local airport
[BREAKING] Small Firm Develops World's First Anti-Aircraft Laser (Ad)
China tells tech manufacturers to stop using Micron chips, stepping up feud with United States
Stock market today: Asian shares mostly rise despite worries about US debt talks
Buy THIS stock before Taiwan is attacked (Ad)
SpaceX launches two Saudi astronauts on private flight to space station
Civil rights groups warn tourists about Florida in wake of 'hostile' laws
Buy THIS stock before Taiwan is attacked (Ad)
South Korean, German leaders agree to cooperate on supply chains, North Korea
Animal rights activists protest octopus farm plans in Spain
S&P 500   4,191.98
DOW   33,426.63
QQQ   336.51
Mount Etna volcano erupts, raining ash on Catania, forcing flight suspension at local airport
[BREAKING] Small Firm Develops World's First Anti-Aircraft Laser (Ad)
China tells tech manufacturers to stop using Micron chips, stepping up feud with United States
Stock market today: Asian shares mostly rise despite worries about US debt talks
Buy THIS stock before Taiwan is attacked (Ad)
SpaceX launches two Saudi astronauts on private flight to space station
Civil rights groups warn tourists about Florida in wake of 'hostile' laws
Buy THIS stock before Taiwan is attacked (Ad)
South Korean, German leaders agree to cooperate on supply chains, North Korea
Animal rights activists protest octopus farm plans in Spain
S&P 500   4,191.98
DOW   33,426.63
QQQ   336.51
Mount Etna volcano erupts, raining ash on Catania, forcing flight suspension at local airport
[BREAKING] Small Firm Develops World's First Anti-Aircraft Laser (Ad)
China tells tech manufacturers to stop using Micron chips, stepping up feud with United States
Stock market today: Asian shares mostly rise despite worries about US debt talks
Buy THIS stock before Taiwan is attacked (Ad)
SpaceX launches two Saudi astronauts on private flight to space station
Civil rights groups warn tourists about Florida in wake of 'hostile' laws
Buy THIS stock before Taiwan is attacked (Ad)
South Korean, German leaders agree to cooperate on supply chains, North Korea
Animal rights activists protest octopus farm plans in Spain

Magnolia Oil & Gas (MGY) Stock Forecast, Price & News

$19.90
+0.25 (+1.27%)
(As of 05/19/2023 08:48 PM ET)
Compare
Today's Range
$19.67
$19.97
50-Day Range
$18.92
$23.29
52-Week Range
$18.01
$30.31
Volume
1.57 million shs
Average Volume
1.92 million shs
Market Capitalization
$4.22 billion
P/E Ratio
4.62
Dividend Yield
2.31%
Price Target
$29.86

Magnolia Oil & Gas MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.88 Rating Score
Upside/​Downside
45.1% Upside
$28.88 Price Target
Short Interest
Bearish
8.40% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.21mentions of Magnolia Oil & Gas in the last 14 days
Based on 14 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
21.26%
From $2.54 to $3.08 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.72 out of 5 stars

Oils/Energy Sector

68th out of 238 stocks

Crude Petroleum & Natural Gas Industry

35th out of 75 stocks


MGY stock logo

About Magnolia Oil & Gas (NYSE:MGY) Stock

Magnolia Oil & Gas Corp. engages in the acquisition, development, exploration, and production of oil and natural gas properties. It operates assets located in the Eagle Ford Shale and Austin Chalk formations in South Texas. The company was founded on February 14, 2017 and is headquartered in Houston, TX.

Receive MGY Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Magnolia Oil & Gas and its competitors with MarketBeat's FREE daily newsletter.

MGY Stock News Headlines

Millionaire Trader Drops Bombshell… “The Only Trade You Will Ever Need”
“FORGET 99% of the Stock Market... Trade ONE Stock... ONCE Per Month – Over and Over Again!”
Analyst Expectations for Magnolia Oil & Gas's Future
Millionaire Trader Drops Bombshell… “The Only Trade You Will Ever Need”
“FORGET 99% of the Stock Market... Trade ONE Stock... ONCE Per Month – Over and Over Again!”
Q1 2023 Magnolia Oil & Gas Corp Earnings Call
Magnolia Oil & Gas (MGY) to Release Earnings on Wednesday
See More Headlines
Receive MGY Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Magnolia Oil & Gas and its competitors with MarketBeat's FREE daily newsletter.

MGY Company Calendar

Last Earnings
10/31/2021
Ex-Dividend for 3/1 Dividend
2/09/2023
Dividend Payable
3/01/2023
Ex-Dividend for 6/1 Dividend
5/10/2023
Today
5/21/2023
Dividend Payable
6/01/2023
Next Earnings (Estimated)
8/01/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Fax
N/A
Employees
192
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$28.88
High Stock Price Forecast
$33.00
Low Stock Price Forecast
$22.00
Forecasted Upside/Downside
+50.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.88
Research Coverage
8 Analysts

Profitability

Net Income
$893.84 million
Pretax Margin
58.86%

Debt

Sales & Book Value

Annual Sales
$1.69 billion
Cash Flow
$5.08 per share
Book Value
$8.34 per share

Miscellaneous

Free Float
209,429,000
Market Cap
$4.22 billion
Optionable
Optionable
Beta
2.15

Key Executives

  • Christopher G. Stavros
    President, Chief Executive Officer & Director
  • Steve F. Millican
    Senior Vice President-Operations
  • Brian Corales
    Senior VP, Chief Financial & Accounting Officer
  • Timothy D. Yang
    Secretary, Executive VP-Land & General Counsel













MGY Stock - Frequently Asked Questions

Should I buy or sell Magnolia Oil & Gas stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Magnolia Oil & Gas in the last year. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MGY shares.
View MGY analyst ratings
or view top-rated stocks.

What is Magnolia Oil & Gas' stock price forecast for 2023?

8 analysts have issued 1-year target prices for Magnolia Oil & Gas' stock. Their MGY share price forecasts range from $22.00 to $33.00. On average, they anticipate the company's share price to reach $28.88 in the next twelve months. This suggests a possible upside of 45.1% from the stock's current price.
View analysts price targets for MGY
or view top-rated stocks among Wall Street analysts.

How have MGY shares performed in 2023?

Magnolia Oil & Gas' stock was trading at $23.45 on January 1st, 2023. Since then, MGY shares have decreased by 15.1% and is now trading at $19.90.
View the best growth stocks for 2023 here
.

Are investors shorting Magnolia Oil & Gas?

Magnolia Oil & Gas saw a drop in short interest in April. As of April 15th, there was short interest totaling 18,490,000 shares, a drop of 6.0% from the March 31st total of 19,660,000 shares. Based on an average trading volume of 2,040,000 shares, the days-to-cover ratio is presently 9.1 days.
View Magnolia Oil & Gas' Short Interest
.

When is Magnolia Oil & Gas' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our MGY earnings forecast
.

How were Magnolia Oil & Gas' earnings last quarter?

Magnolia Oil & Gas Co. (NYSE:MGY) posted its earnings results on Sunday, October, 31st. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.06. The company earned $283.58 million during the quarter, compared to analyst estimates of $278.35 million. Magnolia Oil & Gas had a net margin of 50.72% and a trailing twelve-month return on equity of 48.98%. The company's revenue was up 134.2% on a year-over-year basis. During the same period last year, the firm posted $0.06 earnings per share.

How often does Magnolia Oil & Gas pay dividends? What is the dividend yield for Magnolia Oil & Gas?

Magnolia Oil & Gas declared a quarterly dividend on Monday, May 1st. Shareholders of record on Thursday, May 11th will be paid a dividend of $0.115 per share on Thursday, June 1st. This represents a $0.46 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Wednesday, May 10th.
Read our dividend analysis for MGY
.

Is Magnolia Oil & Gas a good dividend stock?

Magnolia Oil & Gas (NYSE:MGY) pays an annual dividend of $0.46 per share and currently has a dividend yield of 2.34%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 10.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGY will have a dividend payout ratio of 14.94% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MGY.

What other stocks do shareholders of Magnolia Oil & Gas own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Magnolia Oil & Gas investors own include Block (SQ), Wells Fargo & Company (WFC), Enterprise Products Partners (EPD), Energy Transfer (ET), Gilead Sciences (GILD), Occidental Petroleum (OXY), AbbVie (ABBV), AMC Entertainment (AMC), Micron Technology (MU) and Norwegian Cruise Line (NCLH).

What is Magnolia Oil & Gas' stock symbol?

Magnolia Oil & Gas trades on the New York Stock Exchange (NYSE) under the ticker symbol "MGY."

Who are Magnolia Oil & Gas' major shareholders?

Magnolia Oil & Gas' stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.78%), First Trust Advisors LP (4.21%), FMR LLC (3.31%), Wellington Management Group LLP (3.30%), State Street Corp (2.95%) and Victory Capital Management Inc. (2.30%). Insiders that own company stock include John B Walker, John B Walker, Ltd Enervest, Stephen I Chazen and Stephen I Chazen.
View institutional ownership trends
.

How do I buy shares of Magnolia Oil & Gas?

Shares of MGY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Magnolia Oil & Gas' stock price today?

One share of MGY stock can currently be purchased for approximately $19.90.

How much money does Magnolia Oil & Gas make?

Magnolia Oil & Gas (NYSE:MGY) has a market capitalization of $4.22 billion and generates $1.69 billion in revenue each year. The company earns $893.84 million in net income (profit) each year or $4.31 on an earnings per share basis.

How many employees does Magnolia Oil & Gas have?

The company employs 192 workers across the globe.

How can I contact Magnolia Oil & Gas?

Magnolia Oil & Gas' mailing address is NINE GREENWAY PLAZA SUITE 1300, HOUSTON TX, 77046. The official website for the company is www.magnoliaoilgas.com. The company can be reached via phone at (713) 842-9050 or via email at bcorales@mgyoil.com.

This page (NYSE:MGY) was last updated on 5/22/2023 by MarketBeat.com Staff

My Account -