KeyBanc Capital Markets raised the price target for the Magnolia Oil & Gas Corporation (NYSE:MGY) stock to “an Overweight”. The rating was released on September 20, 2022, according to finviz. The research report from Wells Fargo has downgraded the stock from Overweight to Equal Weight, with a price target set at $23. The stock was downgraded by JP Morgan, who disclosed in a research note on December 07, 2021, from Overweight to Neutral and set the price objective to $24.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of Magnolia Oil & Gas Corporation (NYSE:MGY) dipped -4.31% to close Wednesday’s market session at $21.55, lower as compared to yesterday’s close. The stock price fluctuated between $21.55 and $23.205 throughout the trading session with the volume trading being 3227140 shares, which represented a significant variation when compared to the three months average volume of 1.81 million shares. The firm’s stock price fluctuated -10.84% within the last five trades and -8.84% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -10.13% in the last 6 months and -6.99% was subtracted to its value over the previous 3 months. MGY stock is trading at a margin of -8.14%, -5.38% and -5.40% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, MGY deals in the Energy domain. The stock is trading -28.90 percent below its 52-week high and 35.11 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 15.9. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Magnolia Oil & Gas Corporation’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 63.20 percent and the profit margin is 46.30 percent, and the company has reported a gross margin of 88.30 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $4.74 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Magnolia Oil & Gas Corporation (NYSE:MGY) is 5.76. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 5.49. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 3.20 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 3.69, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
EnerVest, Ltd., the Director at Magnolia Oil & Gas Corporation (MGY) has sold 7,500,000 shares of firm on Jun 06 at a price of $27.01 against the total amount of $202.57 million. In another inside trade, Walker John B, Director of Magnolia Oil & Gas Corporation (NYSE:MGY) sold 7,500,000 shares of the firm on Jun 06 for a total worth of $202.57 million at a price of $27.01. An inside trade which took place on Mar 14, Director of Magnolia Oil & Gas Corporation EnerVest, Ltd. sold 7,500,000 shares of firm against total price of $162.9 million at the cost of $21.72 per share.