Magnolia Oil & Gas (NYSE:MGY) Stock Rating Reaffirmed by Benchmark

Magnolia Oil & Gas (NYSE:MGY)‘s stock had its “hold” rating reissued by investment analysts at Benchmark in a report issued on Tuesday, Benzinga reports.

MGY has been the subject of a number of other research reports. The Goldman Sachs Group upped their price target on shares of Magnolia Oil & Gas from $24.50 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, March 26th. Bank of America assumed coverage on Magnolia Oil & Gas in a report on Tuesday, February 27th. They issued a “buy” rating and a $25.00 target price on the stock. Piper Sandler reissued a “neutral” rating and set a $29.00 price target on shares of Magnolia Oil & Gas in a report on Friday, April 19th. Truist Financial raised their price objective on Magnolia Oil & Gas from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Finally, Susquehanna boosted their target price on Magnolia Oil & Gas from $28.00 to $31.00 and gave the stock a “positive” rating in a research note on Monday. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $27.63.

Magnolia Oil & Gas Trading Up 0.4 %

Shares of NYSE:MGY opened at $26.11 on Tuesday. The business’s 50 day simple moving average is $24.50 and its 200 day simple moving average is $22.47. Magnolia Oil & Gas has a 1 year low of $18.72 and a 1 year high of $27.33. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.88 and a quick ratio of 1.88. The company has a market capitalization of $5.33 billion, a P/E ratio of 12.73, a P/E/G ratio of 1.57 and a beta of 2.05.

Magnolia Oil & Gas (NYSE:MGY) last released its earnings results on Wednesday, February 14th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.04). Magnolia Oil & Gas had a return on equity of 21.21% and a net margin of 31.65%. The company had revenue of $322.63 million for the quarter, compared to analyst estimates of $324.95 million. On average, research analysts anticipate that Magnolia Oil & Gas will post 2.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MGY. Mather Group LLC. acquired a new stake in Magnolia Oil & Gas in the first quarter valued at $27,000. Private Wealth Management Group LLC bought a new stake in shares of Magnolia Oil & Gas in the 4th quarter valued at about $33,000. VisionPoint Advisory Group LLC increased its stake in shares of Magnolia Oil & Gas by 112.3% in the third quarter. VisionPoint Advisory Group LLC now owns 1,537 shares of the company’s stock valued at $35,000 after buying an additional 813 shares during the period. Quadrant Capital Group LLC raised its position in shares of Magnolia Oil & Gas by 40.4% during the fourth quarter. Quadrant Capital Group LLC now owns 4,623 shares of the company’s stock worth $98,000 after acquiring an additional 1,331 shares during the last quarter. Finally, Arlington Trust Co LLC bought a new position in shares of Magnolia Oil & Gas during the fourth quarter worth about $113,000. Institutional investors own 94.73% of the company’s stock.

Magnolia Oil & Gas Company Profile

Magnolia Oil & Gas Corporation, an independent oil and natural gas company, engages in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids reserves in the United States. Its properties are located primarily in Karnes County and the Giddings area in South Texas principally comprising the Eagle Ford Shale and the Austin Chalk formation.