Shares of Magnolia Oil & Gas Co. (NYSE:MGY – Get Free Report) have earned an average rating of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $27.50.
MGY has been the topic of a number of recent analyst reports. Truist Financial boosted their price objective on Magnolia Oil & Gas from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Wednesday, September 6th. Mizuho boosted their target price on shares of Magnolia Oil & Gas from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 6th. Finally, Piper Sandler lowered their target price on Magnolia Oil & Gas from $33.00 to $29.00 in a research note on Tuesday, June 13th.
Check Out Our Latest Stock Report on MGY
Institutional Investors Weigh In On Magnolia Oil & Gas
Magnolia Oil & Gas Stock Down 0.2 %
MGY opened at $22.25 on Friday. The firm has a market cap of $4.67 billion, a price-to-earnings ratio of 6.41 and a beta of 2.11. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.10 and a current ratio of 3.10. The firm’s 50-day simple moving average is $22.52 and its 200-day simple moving average is $21.37. Magnolia Oil & Gas has a twelve month low of $18.17 and a twelve month high of $27.57.
Magnolia Oil & Gas (NYSE:MGY – Get Free Report) last released its quarterly earnings results on Tuesday, August 1st. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $280.29 million during the quarter, compared to analysts’ expectations of $291.74 million. Magnolia Oil & Gas had a return on equity of 35.63% and a net margin of 46.81%. Equities research analysts anticipate that Magnolia Oil & Gas will post 2.12 EPS for the current fiscal year.
Magnolia Oil & Gas Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Thursday, August 10th were issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 2.07%. The ex-dividend date was Wednesday, August 9th. Magnolia Oil & Gas’s dividend payout ratio (DPR) is presently 13.26%.
Magnolia Oil & Gas Company Profile
Magnolia Oil & Gas Corporation engages in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids reserves in the United States. Its properties are located primarily in Karnes County and the Giddings area in South Texas principally comprising the Eagle Ford Shale and the Austin Chalk formation.
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