We Think Magnolia Oil & Gas (NYSE:MGY) Might Have The DNA Of A Multi-Bagger [Yahoo! Finance]
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: Yahoo! Finance
Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. With that in mind, the ROCE of Magnolia Oil & Gas NYSE:MGY ) looks great, so lets see what the trend can tell us. Understanding Return On Capital Employed (ROCE) For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. The formula for this calculation on Magnolia Oil & Gas is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.22 = US$534m ÷ (US$2.8b - US$315m) (Based on the trailing twelve months to December 2023) So, Magnolia Oil & Gas has an ROCE of 22%. That's a fantastic return and not only that, it outpaces the average of 15% earned
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MGY
News
- Magnolia Oil & Gas Co. (NYSE: MGY) had its "hold" rating re-affirmed by analysts at Benchmark Co..MarketBeat
- Are You a Momentum Investor? This 1 Stock Could Be the Perfect Pick [Yahoo! Finance]Yahoo! Finance
- Magnolia Oil & Gas Co. (NYSE: MGY) had its price target raised by analysts at Susquehanna from $28.00 to $31.00. They now have a "positive" rating on the stock.MarketBeat
- Magnolia Oil & Gas Co. (NYSE: MGY) was downgraded by analysts at Piper Sandler from an "overweight" rating to a "neutral" rating. They now have a $29.00 price target on the stock.MarketBeat
- Magnolia Oil & Gas Co. (NYSE: MGY) had its price target raised by analysts at Wells Fargo & Company from $23.00 to $27.00. They now have an "equal weight" rating on the stock.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