Benchmark Reaffirms Hold Rating for Magnolia Oil & Gas (NYSE:MGY)

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

A number of other equities research analysts also recently issued reports on the company. The Goldman Sachs Group boosted their price target on Magnolia Oil & Gas from $24.50 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, March 26th. Wells Fargo & Company increased their price target on shares of Magnolia Oil & Gas from $23.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 18th. Susquehanna boosted their price objective on shares of Magnolia Oil & Gas from $28.00 to $31.00 and gave the company a “positive” rating in a research report on Monday. Citigroup raised their target price on Magnolia Oil & Gas from $18.00 to $22.00 and gave the stock a “sell” rating in a report on Monday, April 15th. Finally, Mizuho boosted their price target on Magnolia Oil & Gas from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, March 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $27.63.

Magnolia Oil & Gas Stock Performance

Shares of NYSE MGY opened at $26.11 on Tuesday. The firm’s 50-day moving average price is $24.50 and its 200-day moving average price is $22.47. Magnolia Oil & Gas has a 52-week low of $18.72 and a 52-week high of $27.33. The company has a market cap of $5.33 billion, a PE ratio of 12.73, a PEG ratio of 1.57 and a beta of 2.05. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.21.

Magnolia Oil & Gas (NYSE:MGY) last issued 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). The company had revenue of $322.63 million during the quarter, compared to analysts’ expectations of $324.95 million. Magnolia Oil & Gas had a return on equity of 21.21% and a net margin of 31.65%. As a group, analysts anticipate that Magnolia Oil & Gas will post 2.09 EPS for the current year.

Institutional Trading of Magnolia Oil & Gas

Several institutional investors and hedge funds have recently added to or reduced their stakes in MGY. Albert D Mason Inc. grew its holdings in Magnolia Oil & Gas by 1.6% during the 4th quarter. Albert D Mason Inc. now owns 31,094 shares of the company’s stock valued at $662,000 after buying an additional 490 shares in the last quarter. Signaturefd LLC increased its holdings in Magnolia Oil & Gas by 6.7% in the 3rd quarter. Signaturefd LLC now owns 8,325 shares of the company’s stock valued at $191,000 after acquiring an additional 523 shares during the last quarter. AMG National Trust Bank increased its holdings in Magnolia Oil & Gas by 1.3% in the 3rd quarter. AMG National Trust Bank now owns 57,698 shares of the company’s stock valued at $1,322,000 after acquiring an additional 730 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in Magnolia Oil & Gas by 5.9% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,156 shares of the company’s stock valued at $280,000 after buying an additional 730 shares during the last quarter. Finally, VisionPoint Advisory Group LLC grew its holdings in Magnolia Oil & Gas by 112.3% during the 3rd 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 in the last quarter. Institutional investors own 94.73% of the company’s stock.

About Magnolia Oil & Gas

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.