Magnolia Oil & Gas Corporation (MGY)
Market Cap | 4.68B |
Revenue (ttm) | 1.23B |
Net Income (ttm) | 388.30M |
Shares Out | 182.42M |
EPS (ttm) | 2.04 |
PE Ratio | 12.59 |
Forward PE | 12.08 |
Dividend | $0.52 (2.03%) |
Ex-Dividend Date | Feb 15, 2024 |
Volume | 1,945,595 |
Open | 26.05 |
Previous Close | 25.82 |
Day's Range | 25.62 - 26.13 |
52-Week Range | 18.72 - 27.33 |
Beta | 2.05 |
Analysts | Hold |
Price Target | 26.57 (+3.47%) |
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. [Read more]
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%.
Financial StatementsAnalyst Forecast
According to 8 analysts, the average rating for MGY stock is "Hold." The 12-month stock price forecast is $26.57, which is an increase of 3.47% from the latest price.
News
Magnolia Oil & Gas Schedules Conference Call for First Quarter 2024 Results
HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Schedules Conference Call for First Quarter 2024 Results.
Constructive on Canadian oil complex as oil demand peak hits next decade, says Goldman's Mehta
Neil Mehta, Goldman Sachs managing director, joins 'Money Movers' to discuss his thoughts on the oil sector, the major oil companies, and more.
Super Micro Computer and Deckers Outdoor Set to Join S&P 500; Others to Join S&P 100, S&P MidCap 400 and S&P SmallCap 600
NEW YORK , March 1, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P 100, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the ...
Magnolia Oil & Gas Corporation Announces 2023 Fourth Quarter and Year End Results
HOUSTONHOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Corporation Announces 2023 Fourth Quarter and Year End Results.
Magnolia Oil & Gas Corporation Appoints David Khani to its Board of Directors
HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Corporation Appoints David Khani to its Board of Directors.
Magnolia Oil & Gas Announces 13 Percent Dividend Increase
HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Announces 13 Percent Dividend Increase.
Magnolia Oil & Gas Schedules Conference Call for Fourth Quarter and Full Year 2023 Results
HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Schedules Conference Call for Fourth Quarter and Full Year 2023 Results.
Magnolia Oil & Gas Corporation Announces Third Quarter 2023 Results
HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Corporation Announces Third Quarter 2023 Results.
Magnolia Oil & Gas Announces Quarterly Dividend
HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Announces Quarterly Dividend.
Magnolia Oil & Gas Schedules Conference Call for Third Quarter 2023 Results
HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Schedules Conference Call for Third Quarter 2023 Results.
Magnolia Oil & Gas Announces Bolt-On Asset Acquisition in Giddings
HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Announces Bolt-On Asset Acquisition in Giddings.
Magnolia Oil & Gas Corporation Announces Second Quarter 2023 Results
HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Corporation Announces Second Quarter 2023 Results.
Magnolia Oil & Gas Schedules Conference Call for Second Quarter 2023 Results
HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Schedules Conference Call for Second Quarter 2023 Results.
Magnolia Oil & Gas Corporation Announces First Quarter 2023 Results
HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Corporation Announces First Quarter 2023 Results.
Glancy Prongay & Murray LLP Announces Investigation of Magnolia Oil & Gas Corporation (MGY) (f/k/a TPG Pace Energy Holdings Corp.)
NEW YORK--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces its investigation of Magnolia Oil & Gas Corporation (NYSE: MGY) (f/k/a TPG Pace Energy Holdings Corp.) concerning the Company a...
Magnolia Oil & Gas Corporation Announces 2022 Fourth Quarter and Year-End Results
HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Corporation Announces 2022 Fourth Quarter and Year-End Results
Magnolia Oil & Gas Increases Quarterly Dividend 15 Percent
HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Corporation (NYSE: MGY) announced today that its Board of Directors has declared a cash dividend of $0.115 per share of Class A common stock, and a cash ...
Magnolia Oil & Gas Schedules Conference Call for Fourth Quarter and Full Year 2022 Results
HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Corporation (NYSE: MGY) will host a conference call and webcast to discuss operational and financial results for the fourth quarter and full year 2022 on...
Magnolia Oil & Gas Announces Preliminary Fourth Quarter 2022 Production
HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Corporation (NYSE: MGY) announced preliminary fourth quarter 2022 estimated oil and gas production volumes in the range of 73 to 74 Mboe per day, compare...
Pricing of EnerVest Block Trade of 7,500,000 Shares of Class A Common Stock of Magnolia; Magnolia Agreement to Purchase 2,000,000 Shares of Class B Common Stock from EnerVest
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...
EnerVest Proposed Block Trade of 7,500,000 Shares of Class A Common Stock of Magnolia; Magnolia Intention to Purchase 2,000,000 Shares of Class B Common Stock from EnerVest
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 Co...
Magnolia Oil & Gas Corporation Announces Third Quarter 2022 Results
HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Corporation Announces Third Quarter 2022 Results
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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
Magnolia Oil & Gas Corporation Mourns the Passing of Former Chairman, President and Chief Executive Officer Stephen Chazen
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 Of...