MGY (NYSE:MGY) Target Raised by KeyCorp to $22.00

MGY stock has undergone multiple analysts rating changes in the recent past.  Magnolia Oil & Gas stock Target Raised by KeyCorp on 10/14/2021. In a note to investors, the firm issued a new target price of $22.00. The analysts previously had $20.00 target price. KeyCorp’s price target would indicate a potential upside of 8.53% from the stock’s previous close.

Shares of Magnolia Oil & Gas traded up $0.21 on Wednesday, reaching $20.47. 313985 shares of the stock traded hands, compared to its average volume of 2182967. On Wednesday, Shares of Magnolia Oil & Gas closed at $20.47. The firm’s 50 day moving average is $16.15 and its 200 day moving average is $13.04.Magnolia Oil & Gas  has a 12 month low of $4.09 and a 12 month high of $20.71. While on yearly highs and lows, Magnolia Oil & Gas today has traded high as $20.71 and has touched $20.26 on the downward trend.

Magnolia Oil & Gas Earnings and What to expect: 

Magnolia Oil & Gas last posted its quarterly earnings data on August 1st, 2021. The reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.15. The company had revenue of $250.73 million for the quarter, compared to analyst estimates of $229.42 million. Magnolia Oil & Gas has generated ($0.02) earnings per share over the last year ($1.06 diluted earnings per share) and currently has a price-to-earnings ratio of 19.1. Earnings for Magnolia Oil & Gas are expected to grow by 7.04% in the coming year, from $1.99 to $2.13 per share. Magnolia Oil & Gas has confirmed that its next quarterly earnings report will be published on Tuesday, November 2nd, 2021. Magnolia Oil & Gas will be holding an earnings conference call on Tuesday, November 2nd at 10:00 AM Eastern. Interested parties can .

Earnings for Magnolia Oil & Gas are expected to grow by 3.52% in the coming year, from $1.99 to $2.06 per share. The P/E ratio of Magnolia Oil & Gas is 19.12, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.53. The P/E ratio of Magnolia Oil & Gas is 19.12, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 25.10. Magnolia Oil & Gas has a P/B Ratio of 6.01. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Magnolia Oil & Gas (NYSE:MGY) Moving Average Technical Analysis

5 day Moving Average is $$19.77 And 5 day price change is $1.52 (8.11%)  with average volume for 5 day average is 2,605,740. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $18.08 and 20 day price change is $3.34 (19.73%) and average 20 day moving volume is 2,591,230. 50 day moving average is $16.15  and 50 day price change is $6.18 ( 43.86%)  and with average volume for 50 days is : 1,828,938. 200 day moving average is $13.04  and 200 day price change is $12.96 (177.29%)  and with average volume for 200 days is : 2,004,094.

Other owners latest trading in MGY :

  • On 10/12/2021 shares held by TrimTabs Asset Management LLC were 66,278 which equates to market value of $1.10M and appx 0.50% owners of MGY
  • On 10/7/2021 shares held by Berman Capital Advisors LLC were 1,963 which equates to market value of $34K and appx 0.00% owners of MGY
  • On 10/6/2021 shares held by IFP Advisors Inc were 11,462 which equates to market value of $0.20M and appx 0.00% owners of MGY
  • In total Institutional ownership equates to Institutional Ownership Percentage: 76.56% for MGY

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