Magnolia Oil & Gas
MGY

$26.60

2.03%

Market Cap: 4.81B

About: Magnolia Oil & Gas Corp is an independent oil and natural gas company engaged in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquid (NGL) reserves. The Company's oil and natural gas properties are located in Karnes County and the Giddings area in South Texas, where the Company targets the Eagle Ford Shale and Austin Chalk formations. Its objective is to generate stock market value over the long term through consistent organic production growth, high full-cycle operating margins, and an efficient capital program with short economic paybacks. The company's operating segment is acquisition, development, exploration, and production of oil and natural gas properties located in the United States.

Employees: 247

Energy Crude Petroleum & Natural Gas

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 13 analysts

0

News positive %

of 3 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

100% more funds holding in top 10

Funds holding in top 10: 2 [Q4 2023] → 4 (+2) [Q1 2024]

63% more first-time investments, than exits

New positions opened: 65 | Existing positions closed: 40

41% more call options, than puts

Call options by funds: $6.6M | Put options by funds: $4.69M

38% more capital invested

Capital invested by funds: $4.18B [Q4 2023] → $5.77B (+$1.58B) [Q1 2024]

15.87% more ownership

Funds ownership: 106.06% [Q4 2023] → 121.93% (+15.87%) [Q1 2024]

13% more repeat investments, than reductions

Existing positions increased: 116 | Existing positions reduced: 103

9% more funds holding

Funds holding: 292 [Q4 2023] → 317 (+25) [Q1 2024]

See Fund Rankings

Research analyst outlook

13 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$22

17%

downside

Avg. target

$29

11%

upside

High target

$35

32%

upside

13 analyst ratings

8 positive

62%

4 neutral

31%

1 negative

8%

B of A Securities Noah Hungness	9%upside $29	Buy Maintained	23 Jul 2024
Truist Securities Neal Dingmann	28%upside $34	Buy Maintained	22 Jul 2024
Susquehanna Biju Perincheril	24%upside $33	Positive Maintained	22 Jul 2024
Capital One Phillips Johnston	5%upside $28	Overweight Initiated	11 Jun 2024
Truist Securities Neal Dingmann	32%upside $35	Buy Maintained	31 May 2024

See Analyst Rankings

Financial journalist opinion

Based on 3 articles about MGY published over the past 30 days

Zacks Investment Research

Magnolia Oil & Gas Corp (MGY) Reports Next Week: Wall Street Expects Earnings Growth

Magnolia Oil & Gas Corp (MGY) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Magnolia Oil & Gas Corp (MGY) Reports Next Week: Wall Street Expects Earnings Growth

Magnolia Oil & Gas Schedules Conference Call for Second Quarter 2024 Results

HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Schedules Conference Call for Second Quarter 2024 Results.

Magnolia Oil & Gas Schedules Conference Call for Second Quarter 2024 Results

Zacks Investment Research

Here's Why Magnolia Oil & Gas Corp (MGY) is a Strong Value 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.

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

Zacks Investment Research

Here's Why Magnolia Oil & Gas Corp (MGY) is a Strong Momentum 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.

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

Zacks Investment Research

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

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

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

Glancy Prongay & Murray LLP Announces Investigation of Magnolia Oil & Gas Corporation

NEW YORK--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces its investigation of Magnolia Oil & Gas Corporation (NYSE: MGY) concerning the Company and its directors' and officers' possible violations of state laws. If you own Magnolia Oil & Gas stock, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Tom Kennedy, of GPM, 230 Park Avenue, Suite 358, New.

Glancy Prongay & Murray LLP Announces Investigation of Magnolia Oil & Gas Corporation

Zacks Investment Research

Why Magnolia Oil & Gas Corp (MGY) is a Top Value Stock for the Long-Term

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.

Why Magnolia Oil & Gas Corp (MGY) is a Top Value Stock for the Long-Term

Magnolia Oil & Gas: Returns About To Shift Into High Gear

Magnolia Oil & Gas Corporation reported a solid quarter, with production in line and higher-than-expected oil cut. EBITDA and Free Cash Flow beat expectations due to strong commodity price realizations and disciplined spending. The balance sheet remains rock solid following a shareholder sale repurchase and another bolt on.

Magnolia Oil & Gas: Returns About To Shift Into High Gear

7 Oil Stocks to Watch as Middle East Politics Take Center Stage

For a consistently cynical take, it's difficult to ignore the viability of oil stocks to watch. In particular, the hydrocarbon sector cooled off, only to spike back up as tensions in the Middle East flared again.

7 Oil Stocks to Watch as Middle East Politics Take Center Stage

Zacks Investment Research

Why Magnolia Oil & Gas Corp (MGY) is a Top Momentum Stock for the Long-Term

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

Why Magnolia Oil & Gas Corp (MGY) is a Top Momentum Stock for the Long-Term

See News Rankings