In the last trading session, 1,030,000,000 shares of the Magnolia Oil & Gas Corporation (NYSE:MGY) were traded, and its beta was 2.67. Most recently the company’s share price was $11.74, and it changed around $0.06 or 0.01% from the last close, which brings the market valuation of the company to $2.85 Billion. MGY currently trades at a discount to its 52-week high of $13.35, offering almost -13.71% off that amount. The share price’s 52-week low was $3.59, which indicates that the current value has risen by an impressive 69.42% since then. We note from Magnolia Oil & Gas Corporation’s average daily trading volume that its 10-day average is 1.76 Million shares, with the 3-month average coming to 2.62 Million.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now.

Magnolia Oil & Gas Corporation stock received a consensus recommendation rating of Overweight, based on a mean score of 2.5. If we narrow it down even further, the data shows that none out of 13 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 5 recommended MGY as a Hold, whereas 8 deemed it a Buy, and no one rated it as Underweight. Magnolia Oil & Gas Corporation is expected to report earnings per share of $0.24 for the current quarter.

Magnolia Oil & Gas Corporation (NYSE:MGY): Trading Information

Instantly MGY has showed a green trend with a performance of 0.51% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $12.26 on Tuesday, Apr 06 increased the stock’s daily price by 4.24%. The company’s shares are currently up 0.66% year-to-date, but still up 0.0191 over the last five days. On the other hand, Magnolia Oil & Gas Corporation (NYSE:MGY) is -0.09% down in the 30-day period. We can see from the shorts that 13.08 Million shares have been sold at a short interest cover period of 4.99 day (s).

The consensus price target as assigned by Wall Street analysts is $13.46, which translates to bears needing to increase their stock price by 14.65% from its current value. Analyst projections state that MGY is forecast to be at a low of $10 and a high of $16. In order for the stock price to hit the forecast high, the stock would need to surge +36.29% from its current level, while the stock would need to crash -14.82% from its current level to reach the projected low.

Magnolia Oil & Gas Corporation (MGY) projections and forecasts

Magnolia Oil & Gas Corporation share prices are not performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +121.93 percent over the past six months and at a -5300% annual growth rate that is well below the industry average of 14%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +318.2% in revenue this quarter, and will report an increase of 462.5% in the next quarter. The year-over-year growth rate is expected to be 54.4%, up from the previous year.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of 0%. Magnolia Oil & Gas Corporation earnings are expected to increase by 5900% in 2021, but the outlook is positive 46.69% per year for the next five years.

Magnolia Oil & Gas Corporation (NYSE:MGY)’s Biggest Investors

Upon looking at major shareholders, it appears that insiders hold 60.74% of Magnolia Oil & Gas Corporation shares, and 97.83% of them are in the hands of institutional investors. The stock currently has a share float of 249.22%. Magnolia Oil & Gas Corporation stock is held by 259 institutions, with EnerVest Limited being the largest institutional investor. By Dec 30, 2020, it held 19.71% of the shares, which is about 34.89 Million shares worth $246.31 Million.

A Backdoor Way To Profit From Today’s Crypto Bull Market

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.


Price (T.Rowe) Associates Inc, with 10.44% or 18.48 Million shares worth $130.46 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now.

Price (T.Rowe) Small-Cap Value Fund and Price (T.Rowe) Small Cap Stock Fund were the top two Mutual Funds as of Dec 30, 2020. The former held 4353423 shares worth $30.74 Million, making up 2.46% of all outstanding shares. On the other hand, Price (T.Rowe) Small Cap Stock Fund held roughly 4.09 Million shares worth around $28.9 Million, which represents about 2.31% of the total shares outstanding.

Get The Best Stocks To Trade Every Day!

Join now to get the pre-market morning brief 100% free


Please enter your comment!
Please enter your name here