Magnolia Oil & Gas (NYSE:MGY) Stock Rating Upgraded by Zacks Research

Magnolia Oil & Gas (NYSE:MGY) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

Several other research analysts also recently weighed in on MGY. Weiss Ratings restated a “hold (c)” rating on shares of Magnolia Oil & Gas in a report on Thursday, January 22nd. Roth Mkm reissued a “buy” rating on shares of Magnolia Oil & Gas in a research report on Tuesday. BMO Capital Markets started coverage on shares of Magnolia Oil & Gas in a research note on Friday, January 9th. They issued an “outperform” rating and a $27.00 target price for the company. Citigroup raised shares of Magnolia Oil & Gas from a “neutral” rating to a “buy” rating and raised their price target for the company from $19.00 to $25.00 in a research report on Wednesday, January 14th. Finally, Wells Fargo & Company set a $22.00 price objective on shares of Magnolia Oil & Gas and gave the stock an “equal weight” rating in a research report on Tuesday, January 27th. Nine investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Magnolia Oil & Gas presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.00.

Magnolia Oil & Gas Stock Performance

Shares of MGY opened at $25.99 on Wednesday. The company has a current ratio of 1.54, a quick ratio of 1.47 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $4.90 billion, a P/E ratio of 15.11 and a beta of 0.96. The firm’s fifty day simple moving average is $23.35 and its two-hundred day simple moving average is $23.45. Magnolia Oil & Gas has a 12 month low of $19.09 and a 12 month high of $27.47.

Magnolia Oil & Gas (NYSE:MGY) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. Magnolia Oil & Gas had a net margin of 24.79% and a return on equity of 16.79%. The company had revenue of $317.63 million for the quarter, compared to analysts’ expectations of $322.18 million. During the same quarter in the prior year, the firm earned $0.44 EPS. The business’s revenue was down 2.8% on a year-over-year basis. As a group, analysts predict that Magnolia Oil & Gas will post 2.1 EPS for the current year.

Institutional Trading of Magnolia Oil & Gas

A number of large investors have recently added to or reduced their stakes in MGY. Lido Advisors LLC boosted its stake in Magnolia Oil & Gas by 2.4% in the fourth quarter. Lido Advisors LLC now owns 16,197 shares of the company’s stock valued at $382,000 after acquiring an additional 387 shares during the last quarter. Oak Family Advisors LLC raised its holdings in shares of Magnolia Oil & Gas by 0.9% in the 4th quarter. Oak Family Advisors LLC now owns 47,620 shares of the company’s stock worth $1,042,000 after purchasing an additional 410 shares during the period. GAMMA Investing LLC raised its holdings in shares of Magnolia Oil & Gas by 8.0% in the 4th quarter. GAMMA Investing LLC now owns 6,130 shares of the company’s stock worth $134,000 after purchasing an additional 453 shares during the period. Vista Finance LLC lifted its stake in Magnolia Oil & Gas by 4.0% in the second quarter. Vista Finance LLC now owns 12,134 shares of the company’s stock valued at $273,000 after purchasing an additional 471 shares during the last quarter. Finally, Coldstream Capital Management Inc. grew its holdings in Magnolia Oil & Gas by 3.1% during the third quarter. Coldstream Capital Management Inc. now owns 15,937 shares of the company’s stock valued at $380,000 after purchasing an additional 482 shares during the period. Hedge funds and other institutional investors own 94.73% of the company’s stock.

About Magnolia Oil & Gas

Magnolia Oil & Gas Corp (NYSE: MGY) is an independent exploration and production company focused on the acquisition, development and optimization of onshore oil and gas assets in South Texas. Headquartered in Houston, the company concentrates its efforts on the Eagle Ford Shale, where it holds significant working interests in key producing counties.

The company’s core operations center on horizontal drilling and multi-stage completions designed to extract light crude oil, natural gas and natural gas liquids (NGLs).