Magnolia Oil & Gas Corp (NYSE:MGY) Director Michael G. Macdougall sold 47,500 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $11.32, for a total value of $537,700.00. Following the completion of the sale, the director now directly owns 21,961 shares of the company’s stock, valued at $248,598.52. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
NYSE MGY opened at $11.19 on Tuesday. The business has a 50 day simple moving average of $10.93 and a 200 day simple moving average of $10.92. Magnolia Oil & Gas Corp has a 52-week low of $9.27 and a 52-week high of $14.13. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.54 and a current ratio of 1.54. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 22.63 and a beta of 1.28.
Magnolia Oil & Gas (NYSE:MGY) last posted its earnings results on Monday, November 4th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). Magnolia Oil & Gas had a return on equity of 2.81% and a net margin of 7.80%. The business had revenue of $244.80 million for the quarter, compared to the consensus estimate of $247.17 million. On average, analysts predict that Magnolia Oil & Gas Corp will post 0.35 EPS for the current year.
A number of analysts have recently commented on the company. Johnson Rice cut Magnolia Oil & Gas from a “buy” rating to an “accumulate” rating in a research note on Tuesday, November 19th. Barclays assumed coverage on Magnolia Oil & Gas in a research note on Friday, August 30th. They issued an “overweight” rating and a $13.00 price target for the company. ValuEngine raised Magnolia Oil & Gas from a “sell” rating to a “hold” rating in a research note on Tuesday. Citigroup increased their target price on Magnolia Oil & Gas from $11.50 to $12.00 and gave the stock a “neutral” rating in a research note on Monday, September 23rd. Finally, KeyCorp assumed coverage on Magnolia Oil & Gas in a research note on Wednesday, November 27th. They set an “overweight” rating and a $14.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $15.50.
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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