Magnolia Oil & Gas Corporation (MGY)

Market Cap	4.50B
Revenue (ttm)	1.31B
Net Income (ttm)	374.20M
Shares Out	196.56M
EPS (ttm)	2.02
PE Ratio	11.31
Forward PE	11.63
Dividend	$0.52 (2.27%)
Ex-Dividend Date	Nov 8, 2024

Volume	2,557,838
Open	22.83
Previous Close	23.14
Day's Range	22.66 - 23.29
52-Week Range	19.16 - 29.02
Beta	1.98
Analysts	Buy
Price Target	26.36 (+15.16%)
Earnings Date	Feb 12, 2025

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
• Website: https://www.magnoliaoilgas.com

Financial Performance

In 2023, Magnolia Oil & Gas's revenue was $1.23 billion, a decrease of -27.59% compared to the previous year's $1.69 billion. Earnings were $383.96 million, a decrease of -56.65%.

Analyst Forecast

According to 13 analysts, the average rating for MGY stock is "Buy." The 12-month stock price forecast is $26.36, which is an increase of 15.16% from the latest price.

Price Target

$26.36

(15.16% upside)

Analyst Consensus: Buy