Magnolia Oil & Gas Corporation (MGY)

NYSE: MGY · IEX Real-Time Price · USD
25.77
+0.14 (0.55%)
Dec 2, 2022 4:00 PM EST - Market closed
0.55%
Market Cap 5.48B
Revenue (ttm) 1.68B
Net Income (ttm) 812.33M
Shares Out 188.64M
EPS (ttm) 4.19
PE Ratio 6.15
Forward PE 6.52
Dividend $0.40 (1.55%)
Ex-Dividend Date Nov 4, 2022
Volume 895,165
Open 25.43
Previous Close 25.63
Day's Range 25.42 - 25.91
52-Week Range 17.23 - 30.31
Beta 2.16
Analysts Buy
Price Target 31.37 (+21.7%)
Earnings Date Nov 1, 2022

About MGY

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 Field in South Texas principally comprising the Eagle Ford Shale and the Austin Chalk formation. As of December 31, 2021, the company's assets consisted of a total leasehold position of 4,71,263 net acres, including 23,785 net acres in Karnes and 4,47,478 net acres in the Giddings area, as well as hold... [Read more]

Industry Oil, Gas & Consumable Fuels
IPO Date May 5, 2017
CEO Stephen I. Chazen
Employees 192
Stock Exchange NYSE
Ticker Symbol MGY
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 18 analysts, the average rating for MGY stock is "Buy." The 12-month stock price forecast is 31.37, which is an increase of 21.73% from the latest price.

Price Target
$31.37
(21.73% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Magnolia Oil & Gas Corp (MGY) Up 4.4% Since Last Earnings Report: Can It Continue?

Magnolia Oil & Gas Corp (MGY) reported earnings 30 days ago. What's next for the stock?

3 days ago - Zacks Investment Research

Magnolia (MGY) Shares Rise 8% Since Q3 Earnings & Sales Beat

Magnolia's (MGY) stock price rises after its third-quarter earnings and revenues beat the consensus mark due to higher production.

3 weeks ago - Zacks Investment Research

Pricing of EnerVest Block Trade of 7,500,000 Shares of Class A Common Stock of Magnolia; Magnolia Agreement to Purcha...

HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Corporation (NYSE: MGY) (“Magnolia” or the “Company”), today announced the pricing of the previously announced underwritten block trade of 7,500,000 shares o...

1 month ago - Business Wire

EnerVest Proposed Block Trade of 7,500,000 Shares of Class A Common Stock of Magnolia; Magnolia Intention to Purchase...

HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Corporation (NYSE: MGY) (“Magnolia” or the “Company”), today announced the proposed underwritten block trade (the “Offering”) of 7,500,000 shares of the Comp...

1 month ago - Business Wire

Magnolia Oil & Gas Corp (MGY) Beats Q3 Earnings and Revenue Estimates

Magnolia Oil & Gas Corp (MGY) delivered earnings and revenue surprises of 9.32% and 6.18%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Magnolia Oil & Gas Corporation Announces Third Quarter 2022 Results

HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Corporation Announces Third Quarter 2022 Results

1 month ago - Business Wire

Magnolia Oil & Gas Announces Quarterly Dividend

HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Announces Quarterly Dividend

1 month ago - Business Wire

Magnolia Oil & Gas Corp (MGY) Earnings Expected to Grow: Should You Buy?

Magnolia Oil & Gas Corp (MGY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 month ago - Zacks Investment Research

Magnolia Oil & Gas Corp (MGY) is a Top-Ranked Growth Stock: Should You Buy?

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

1 month ago - Zacks Investment Research

3 Stocks With High Growth Potential

Looking for U.S.-listed equities that have the characteristics listed below represents a solid starting point when screening the market for potential value opportunities, in my opinion:

Other symbols: MASTPX
1 month ago - GuruFocus

Magnolia Oil & Gas Schedules Conference Call for Third Quarter 2022 Results

HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Schedules Conference Call for Third Quarter 2022 Results

1 month ago - Business Wire

Here's Why Magnolia Oil & Gas Corp (MGY) is a Strong Growth Stock

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

2 months ago - Zacks Investment Research

Magnolia Oil & Gas Corporation Mourns the Passing of Former Chairman, President and Chief Executive Officer Stephen C...

HOUSTON--(BUSINESS WIRE)--It is with great sadness that Magnolia Oil & Gas Corporation (“Magnolia” or the “Company”) (NYSE: MGY) mourns the passing of former Chairman, President and Chief Executive Offi...

2 months ago - Business Wire

Magnolia Oil & Gas Corporation Appoints Christopher Stavros as President and Chief Executive Officer and to the Board...

HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Corporation Appoints Christopher Stavros as President and Chief Executive Officer and to the Board of Directors

2 months ago - Business Wire

KeyBanc's Rezvan makes the bull case for oil stocks

Tim Rezvan, managing director of equity research at KeyBanc Capital Markets, joins 'The Exchange' to discuss opportunities for mid-cap growth in energy markets, U.S. oil production growth forecasts and ...

2 months ago - CNBC Television

Magnolia Oil & Gas Corp (MGY) Up 3.6% Since Last Earnings Report: Can It Continue?

Magnolia Oil & Gas Corp (MGY) reported earnings 30 days ago. What's next for the stock?

3 months ago - Zacks Investment Research

Wall Street Analysts Predict a 39% Upside in Magnolia Oil & Gas Corp (MGY): Here's What You Should Know

The average of price targets set by Wall Street analysts indicates a potential upside of 39% in Magnolia Oil & Gas Corp (MGY). While the effectiveness of this highly sought-after metric is questionable,...

3 months ago - Zacks Investment Research

Magnolia (MGY) Q2 Earnings Lag Estimates, Revenues Beat

Magnolia Oil & Gas Corp's (MGY) second-quarter earnings lag the consensus mark, while revenues beat estimates.

3 months ago - Zacks Investment Research

Magnolia Oil & Gas Corp (MGY) Misses Q2 Earnings Estimates

Magnolia Oil & Gas Corp (MGY) delivered earnings and revenue surprises of -6.78% and 5.56%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

4 months ago - Zacks Investment Research

Magnolia Oil & Gas Corporation Announces Second Quarter 2022 Results

HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Corporation Announces Second Quarter 2022 Results

4 months ago - Business Wire

Magnolia Oil & Gas Increases Dividend and Moves to Quarterly from Semi-Annual Payout

HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Increases Dividend and Moves to Quarterly from Semi-Annual Payout

4 months ago - Business Wire

Magnolia Oil & Gas Schedules Conference Call for Second Quarter 2022 Results

HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Schedules Conference Call for Second Quarter 2022 Results

4 months ago - Business Wire

7 Cheap Oil Stocks to Buy Right Now

These oil stocks are trading at a bargain and offer immense upside potential for the future The post 7 Cheap Oil Stocks to Buy Right Now appeared first on InvestorPlace. More From InvestorPlace $200 Oil...

Other symbols: COPCVXMROOXYVETXOM
5 months ago - InvestorPlace

Here's Why Magnolia Oil & Gas Corp (MGY) is a Great Momentum Stock to Buy

Does Magnolia Oil & Gas Corp (MGY) have what it takes to be a top stock pick for momentum investors? Let's find out.

5 months ago - Zacks Investment Research

Can Magnolia Oil & Gas Corp (MGY) Run Higher on Rising Earnings Estimates?

Magnolia Oil & Gas Corp (MGY) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

5 months ago - Zacks Investment Research