Analysts Set Magnolia Oil & Gas Corp (NYSE:MGY) Target Price at $15.36

Shares of Magnolia Oil & Gas Corp (NYSE:MGY) have received a consensus recommendation of “Buy” from the fifteen research firms that are covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $15.36.

Several equities research analysts recently commented on the company. Citigroup upped their target price on Magnolia Oil & Gas from $11.50 to $12.00 and gave the company a “neutral” rating in a research report on Monday, September 23rd. ValuEngine upgraded Magnolia Oil & Gas from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. Johnson Rice lowered Magnolia Oil & Gas from a “buy” rating to an “accumulate” rating in a research report on Tuesday, November 19th. TheStreet upgraded Magnolia Oil & Gas from a “d” rating to a “b-” rating in a research report on Wednesday, October 30th. Finally, KeyCorp assumed coverage on Magnolia Oil & Gas in a research report on Wednesday, November 27th. They set an “overweight” rating and a $14.00 target price on the stock.

Shares of Magnolia Oil & Gas stock traded down $0.07 on Friday, hitting $12.35. 9,449 shares of the company’s stock traded hands, compared to its average volume of 1,108,362. Magnolia Oil & Gas has a one year low of $9.27 and a one year high of $14.13. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.54 and a quick ratio of 1.54. The company has a fifty day moving average of $12.01 and a two-hundred day moving average of $11.07. The company has a market capitalization of $3.34 billion, a price-to-earnings ratio of 26.88 and a beta of 1.34.

Magnolia Oil & Gas (NYSE:MGY) last announced its earnings results on Monday, November 4th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.04). Magnolia Oil & Gas had a net margin of 7.80% and a return on equity of 2.81%. The business had revenue of $244.80 million for the quarter, compared to the consensus estimate of $247.17 million. Equities research analysts anticipate that Magnolia Oil & Gas will post 0.35 earnings per share for the current year.

In other news, Director Michael G. Macdougall sold 50,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $11.42, for a total value of $571,000.00. Following the completion of the sale, the director now directly owns 21,961 shares of the company’s stock, valued at $250,794.62. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michael G. Macdougall sold 37,779 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $12.48, for a total value of $471,481.92. Following the completion of the sale, the director now directly owns 21,961 shares of the company’s stock, valued at $274,073.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 650,000 shares of company stock worth $7,512,199. 7.90% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of the company. Icon Wealth Partners LLC raised its stake in shares of Magnolia Oil & Gas by 9.1% in the third quarter. Icon Wealth Partners LLC now owns 12,000 shares of the company’s stock worth $133,000 after purchasing an additional 1,000 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Magnolia Oil & Gas by 5.7% in the second quarter. Envestnet Asset Management Inc. now owns 24,554 shares of the company’s stock worth $284,000 after purchasing an additional 1,331 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of Magnolia Oil & Gas by 1.2% in the third quarter. California State Teachers Retirement System now owns 157,482 shares of the company’s stock worth $1,748,000 after purchasing an additional 1,881 shares during the last quarter. Aperio Group LLC purchased a new stake in shares of Magnolia Oil & Gas in the second quarter worth approximately $25,000. Finally, First Mercantile Trust Co. raised its stake in shares of Magnolia Oil & Gas by 28.2% in the third quarter. First Mercantile Trust Co. now owns 10,740 shares of the company’s stock worth $119,000 after purchasing an additional 2,360 shares during the last quarter. 68.63% of the stock is owned by hedge funds and other institutional investors.

Magnolia Oil & Gas Company Profile

Magnolia Oil & Gas Corporation engages in the business of acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids reserves in the United States. The company has oil and natural gas properties located primarily in Karnes County and the Giddings Field in South Texas primarily comprising the Eagle Ford Shale and the Austin Chalk formation.

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Analyst Recommendations for Magnolia Oil & Gas (NYSE:MGY)

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