Magnolia Oil & Gas: Short-Term Pessimism, But Long-Term Optimism [Seeking Alpha]
Magnolia Oil & Gas Corporation Class A (MGY)
Last magnolia oil & gas corporation class a earnings: 2/19 04:11 pm
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Source: Seeking Alpha
MGY is a Texas energy pure play with a strong asset base and a focus on oil and gas exploration and production. Analysts rate MGY as a buy, and the stock has the potential for a 21.7% upside with a price target of $24.33 for FY2024. Investment Introduction The trading range for Magnolia Oil & Gas Corporation ( NYSE: MGY ) has been very tight for the last 12 months, bouncing between $18.72 - $24.02. Currently, MGY along with a lot of companies in the energy sector has been in a slow decline as more money is seemingly moving into other sectors, like tech and finance. After a bullish uptrend for the sector beginning in the second half after OPEC cuts, the US oil production has exceeded expectations, and record levels were set last fall. This has been suppressing oil prices and resulted in a downtrend for companies like MGY. Some cyclicity is natural for this sector, and right now I think the downtrend has presented an opening window for MGY along with other peers. I am assessing M
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MGY
News
- Be Sure To Check Out Magnolia Oil & Gas Corporation (NYSE:MGY) Before It Goes Ex-Dividend [Yahoo! Finance]Yahoo! Finance
- Why This 1 Value Stock Could Be a Great Addition to Your Portfolio [Yahoo! Finance]Yahoo! Finance
- Magnolia Oil & Gas Announces Quarterly DividendBusiness Wire
- Magnolia Oil & Gas Corporation's (NYSE:MGY) Stock Is Going Strong: Is the Market Following Fundamentals? [Yahoo! Finance]Yahoo! Finance
- Magnolia Oil & Gas Co. (NYSE: MGY) had its "hold" rating re-affirmed by analysts at Benchmark Co..MarketBeat
MGY
Earnings
- 2/14/24 - Miss
MGY
Sec Filings
- 4/10/24 - Form SC
- 4/5/24 - Form SC
- 3/21/24 - Form ARS
- MGY's page on the SEC website