During the last three months, 4 analysts shared their evaluations of Magnolia Oil & Gas (NYSE:MGY), revealing diverse outlooks from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 2 | 1 | 0 | 0 |
| Last 30D | 0 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 1 | 1 | 0 | 0 | 0 |
| 3M Ago | 0 | 1 | 1 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $30.5, along with a high estimate of $35.00 and a low estimate of $28.00. Marking an increase of 5.17%, the current average surpasses the previous average price target of $29.00.
Analyzing Analyst Ratings: A Detailed Breakdown
The analysis of recent analyst actions sheds light on the perception of Magnolia Oil & Gas by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Phillips Johnston | Capital One | Announces | Overweight | $28.00 | - |
| Neal Dingmann | Truist Securities | Raises | Buy | $35.00 | $33.00 |
| William Janela | Mizuho | Raises | Neutral | $28.00 | $26.00 |
| Biju Perincheril | Susquehanna | Raises | Positive | $31.00 | $28.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Magnolia Oil & Gas. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Magnolia Oil & Gas compared to the broader market.
- Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Magnolia Oil & Gas's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Magnolia Oil & Gas analyst ratings.
Unveiling the Story Behind Magnolia Oil & Gas
Magnolia Oil & Gas Corp is an independent oil and natural gas company engaged in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquid (NGL) reserves. The Company's oil and natural gas properties are located in Karnes County and the Giddings area in South Texas, where the Company targets the Eagle Ford Shale and Austin Chalk formations. Its objective is to generate stock market value over the long term through consistent organic production growth, high full-cycle operating margins, and an efficient capital program with short economic paybacks. The company's operating segment is acquisition, development, exploration, and production of oil and natural gas properties located in the United States.
Magnolia Oil & Gas's Financial Performance
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: Over the 3 months period, Magnolia Oil & Gas showcased positive performance, achieving a revenue growth rate of 3.58% as of 31 March, 2024. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Energy sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Magnolia Oil & Gas's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 26.64% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Magnolia Oil & Gas's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 5.02%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Magnolia Oil & Gas's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 3.06%, the company showcases efficient use of assets and strong financial health.
Debt Management: Magnolia Oil & Gas's debt-to-equity ratio is below the industry average. With a ratio of 0.23, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
The Significance of Analyst Ratings Explained
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.