Magnolia Oil & Gas Corp (NYSE:MGY) shares traded -0.83% lower at $25.12 on Wall Street last session.
MGY stock price is now 4.04% away from the 50-day moving average and 0.03% away from the 200-day moving average. The market capitalization of the company currently stands at $4.87B.
With the price target reduced from $27 to $26, Goldman Downgraded its rating from Buy to Neutral for Magnolia Oil & Gas Corp (NYSE: MGY). On January 13, 2025, BofA Securities Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $29 to quote $28, while ‘Siebert Williams Shank’ rates the stock as ‘Hold’
In other news, Stavros Christopher G, CEO & DIRECTOR bought 2,500 shares of the company’s stock on Mar 03 ’25. The stock was bought for $55,138 at an average price of $22.05. Upon completion of the transaction, the CEO & DIRECTOR now directly owns 892,372 shares in the company, valued at $22.42 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 08 ’25, Officer Millican Steve bought 195,293 shares of the business’s stock. A total of $4,714,373 was incurred on buying the stock at an average price of $24.14. A total of 5.56% of the company’s stock is owned by insiders.
During the past 12 months, Magnolia Oil & Gas Corp has had a low of $21.63 and a high of $29.02. As of last week, the company has a debt-to-equity ratio of 0.21, a current ratio of 1.42, and a quick ratio of 1.42.
The net profit margin was 27.47% and return on equity was 20.06% for MGY. The company reported revenue of $326.61 million for the quarter, compared to $322.63 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.23 percent.
