Magnolia Oil & Gas Corporation (MGY) is set for a tempting yields with an average volume of 1.93M – Invest Chronicle

Magnolia Oil & Gas Corporation (MGY) is set for a tempting yields with an average volume of 1.93M

Let’s start up with the current stock price of Magnolia Oil & Gas Corporation (MGY), which is $20.18 to be very precise. The Stock rose vividly during the last session to $20.29 after opening rate of $19.55 while the lowest price it went was recorded $19.55 before closing at $19.80.Recently in News on November 1, 2021, Magnolia Oil & Gas Corporation Announces Third Quarter 2021 Results. Magnolia Oil & Gas Corporation (“Magnolia,” “we,” “our,” or the “Company”) (NYSE: MGY) today announced its financial and operational results for the third quarter of 2021. You can read further details here

Magnolia Oil & Gas Corporation had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $22.09 on 10/26/21, with the lowest value was $7.04 for the same time period, recorded on 01/04/21.

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Magnolia Oil & Gas Corporation (MGY) full year performance was 189.53%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Magnolia Oil & Gas Corporation shares are logging -8.65% during the 52-week period from high price, and 232.44% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $6.07 and $22.09.

The company’s shares, operating in the sector of Energy managed to top a trading volume set approximately around 877836 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Magnolia Oil & Gas Corporation (MGY) recorded performance in the market was 185.84%, having the revenues showcasing 39.75% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 4.85B, as it employees total of 136 workers.

The Analysts eye on Magnolia Oil & Gas Corporation (MGY)

During the last month, 10 analysts gave the Magnolia Oil & Gas Corporation a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 5 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on, the moving average of the company in the 100-day period was set at 17.11, with a change in the price was noted +4.99. In a similar fashion, Magnolia Oil & Gas Corporation posted a movement of +32.85% for the period of last 100 days, recording 1,769,308 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for MGY is recording 0.56 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.56.

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Technical rundown of Magnolia Oil & Gas Corporation (MGY)

Raw Stochastic average of Magnolia Oil & Gas Corporation in the period of last 50 days is set at 70.06%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 47.65%. In the last 20 days, the company’s Stochastic %K was 35.05% and its Stochastic %D was recorded 26.80%.

Considering, the past performance of Magnolia Oil & Gas Corporation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 185.84%. Additionally, trading for the stock in the period of the last six months notably improved by 60.80%, alongside a boost of 189.53% for the period of the last 12 months. The shares increased approximately by 2.70% in the 7-day charts and went up by -8.06% in the period of the last 30 days. Common stock shares were driven by 39.75% during last recorded quarter.

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