Magnolia Oil & Gas (MGY) – Analysts’ Weekly Ratings Changes

Several analysts have recently updated their ratings and price targets for Magnolia Oil & Gas (NYSE: MGY):

  • 11/19/2019 – Magnolia Oil & Gas was downgraded by analysts at Johnson Rice from a “buy” rating to an “accumulate” rating.
  • 11/18/2019 – Magnolia Oil & Gas is now covered by analysts at KeyCorp. They set an “overweight” rating and a $14.00 price target on the stock.
  • 11/8/2019 – Magnolia Oil & Gas was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 10/30/2019 – Magnolia Oil & Gas was upgraded by analysts at TheStreet from a “d” rating to a “b-” rating.
  • 10/17/2019 – Magnolia Oil & Gas was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Magnolia Oil & Gas Corporation is an oil producer. The company’s assets are located primarily in the Eagle Ford Shale and Austin Chalk formations in South Texas. Magnolia Oil & Gas Corporation, formerly known as TPG Pace Energy Holdings, is based in Houston, Texas. “
  • 10/2/2019 – Magnolia Oil & Gas was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 9/30/2019 – Magnolia Oil & Gas had its price target lowered by analysts at Piper Jaffray Companies from $14.00 to $13.00. They now have an “overweight” rating on the stock.
  • 9/23/2019 – Magnolia Oil & Gas had its price target raised by analysts at Citigroup Inc from $11.50 to $12.00. They now have a “neutral” rating on the stock.

Shares of MGY traded down $0.22 during trading hours on Tuesday, hitting $11.25. 18,728 shares of the company were exchanged, compared to its average volume of 1,170,654. The company has a market cap of $3.03 billion, a PE ratio of 24.40 and a beta of 1.24. The firm’s 50 day moving average is $10.70 and its 200-day moving average is $11.02. 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.

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Magnolia Oil & Gas (NYSE:MGY) last released its quarterly earnings results on Monday, November 4th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.04). The company had revenue of $244.80 million for the quarter, compared to the consensus estimate of $247.17 million. Magnolia Oil & Gas had a return on equity of 2.81% and a net margin of 7.80%. As a group, equities analysts forecast that Magnolia Oil & Gas Corp will post 0.33 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in MGY. Aperio Group LLC acquired a new position in shares of Magnolia Oil & Gas during the 2nd quarter worth about $25,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Magnolia Oil & Gas during the 2nd quarter worth about $71,000. Bank of Montreal Can acquired a new position in shares of Magnolia Oil & Gas during the 2nd quarter worth about $98,000. First Mercantile Trust Co. lifted its position in shares of Magnolia Oil & Gas by 28.2% during the 3rd 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. Finally, Bingham Osborn & Scarborough LLC acquired a new position in shares of Magnolia Oil & Gas during the 3rd quarter worth about $126,000. Institutional investors own 68.57% of the company’s stock.

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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