The stock of Magnolia Oil & Gas Corp (NYSE:MGY) last traded at $23.45, up 1.08% from the previous session.
MGY stock price is now 7.36% away from the 50-day moving average and -3.31% away from the 200-day moving average. The market capitalization of the company currently stands at $4.51B.
With the price target of $26, UBS recently initiated with Buy rating for Magnolia Oil & Gas Corp (NYSE: MGY). On January 31, 2025, Goldman Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $27 to quote $26, while ‘BofA Securities’ rates the stock as ‘Neutral’
In other news, Szabo Shandell, Director bought 11,731 shares of the company’s stock on May 02 ’25. The stock was bought for $249,870 at an average price of $21.30. Upon completion of the transaction, the Director now directly owns 18,095 shares in the company, valued at $0.42 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 03 ’25, CEO & DIRECTOR Stavros Christopher G bought 2,500 shares of the business’s stock. A total of $55,138 was incurred on buying the stock at an average price of $22.05. This leaves the insider owning 892,372 shares of the company worth $20.93 million. A total of 5.24% of the company’s stock is owned by insiders.
During the past 12 months, Magnolia Oil & Gas Corp has had a low of $19.09 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 1.33, and a quick ratio of 1.33.
The net profit margin was 28.13% and return on equity was 20.85% for MGY. For the current quarter, analysts expect MGY to generate $312.08M in revenue.
