Magnolia Oil & Gas Corporation (MGY)

Market Cap	4.61B
Revenue (ttm)	1.24B
Net Income (ttm)	377.05M
Shares Out	180.93M
EPS (ttm)	2.01
PE Ratio	12.68
Forward PE	11.26
Dividend	$0.52 (2.04%)
Ex-Dividend Date	May 10, 2024

Volume	1,768,937
Open	25.42
Previous Close	25.24
Day's Range	25.23 - 25.59
52-Week Range	19.05 - 27.33
Beta	2.04
Analysts	Hold
Price Target	27.38 (+7.46%)
Earnings Date	May 7, 2024

About MGY

Magnolia Oil & Gas Corporation, an independent oil and natural gas company, 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. The company was incorporated in 2017 and is headquartered in Houston, Texas.

• Industry: Oil & Gas Exploration & Production
• Sector: Energy
• IPO Date: May 5, 2017
• Employees: 247
• Stock Exchange: NYSE
• Ticker Symbol: MGY

Financial Performance

In 2023, MGY's revenue was $1.23 billion, a decrease of -27.59% compared to the previous year's $1.69 billion. Earnings were $388.30 million, a decrease of -56.56%.

Analyst Forecast

According to 10 analysts, the average rating for MGY stock is "Hold." The 12-month stock price forecast is $27.38, which is an increase of 7.46% from the latest price.

Price Target

$27.38

(7.46% upside)

Analyst Consensus: Hold