Magnolia Oil & Gas Corp (NYSE:MGY) price closed lower on Tuesday, April 16, dropping -0.73% below its previous close.
A look at the daily price movement shows that the last close reads $26.19. The company’s P/E ratio in the trailing 12-month period read 12.75. Taking into account the 52-week price action we note that the stock hit a 52-week high of $27.33 and 52-week low of $18.72. The stock added 8.97% on its value in the past month.
Magnolia Oil & Gas Corp, which has a market valuation of $5.31 billion. The company stock has a Forward Dividend ratio of 0.47, while the dividend yield is 1.83%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give MGY a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
The overview shows that MGY’s price is at present 0.48% off the SMA20 and 10.24% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 59.72, with weekly volatility standing at 2.30%. The indicator jumps to 1.94% when calculated based on the past 30 days. Magnolia Oil & Gas Corp (NYSE:MGY)’s beta value is holding at 2.03, while the average true range (ATR) indicator is currently reading 0.53.
An analysis of the Magnolia Oil & Gas Corp (NYSE:MGY) stock in terms of its daily trading volume indicates that the 3-month average is 3.49 million.
Current records show that the company has 183.16M in outstanding shares. The insiders’ percentage holdings are 16.02% of outstanding shares while the percentage share held by institutions stands at 94.37%. But the 22.12% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
