The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Magnolia Oil & Gas Corporation (MGY) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.81, or -3.45%, to $22.70. The Magnolia Oil & Gas Corporation has recorded 26,019 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Magnolia Oil & Gas Announces Bolt-On Asset Acquisition in Giddings.
The company is listed on the NYSE and operates within the Oil & Gas E&P industry segment. At the end of the last regular session, the stock closed at $23.51 and fluctuated between $23.60 as its day high and $23.03 as its day low. The current market capitalization of Magnolia Oil & Gas Corporation is $4.94B. A total of 2.2 million shares were traded on the day, compared to an average of 2.02M shares.
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, MGY has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 19 BUYs and 12 SELLs from insiders. Insiders purchased 443,735 shares during that period but sold 167,110.
In the most recent transaction, Walker John B sold 7,500,000 shares of MGY for 24.26 per share on Nov 08. After the transaction, the Director now owns 8,296,077 company shares. In a previous transaction on Nov 08, EnerVest, Ltd. sold 7,500,000 shares at 24.26 per share. MGY shares that Director owns now total 8,296,077.
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Magnolia Oil & Gas Corporation pays an annual dividend of $0.46, resulting in a dividend yield of 1.96%, and it has a price to earnings (P/E) ratio of 6.72. MGY’s most recent ex-dividend date was 8/9/2023 when it declared a $0.1150 quarterly dividend that was paid in cash on 9/1/2023. Previously, the company paid the dividend on 6/1/2023 with an ex-dividend date of 5/10/2023. The MGY stock dividend was $0.1150 per share in cash.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for MGY in the last 3 months, the mean price target is $26.69 with high estimates of $32.00 and low estimates of $23.00. In terms of 52-week highs and lows, MGY has a high of $27.57 and a low of $18.17.
As of this writing, MGY has an earnings estimate of $0.53 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of $0.63 per share and a lower estimate of $0.38. The company reported an EPS of $0.56 in the last quarter, which was 3.70% higher than expectations of $0.54.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. MGY’s latest balance sheet shows that the firm has $366.98M in Cash & Short Term Investments as of fiscal 2021. There were $388.09M in debt and $218.54M in liabilities at the time. Its Book Value Per Share was $8.63, while its Total Shareholder’s Equity was $1.05B.
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MGY is Buy with a score of 3.89.