There Is A Quest For Clarity Surrounding Magnolia Oil & Gas Corp (NYSE: MGY) Volatility

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. The stock was recently discussed on Yahoo Finance as it revealed that Super Micro Computer and Deckers Outdoor Set to Join S&P 500; Others to Join S&P 100, S&P MidCap 400 and S&P SmallCap 600.

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Stocks Info

This NYSE-listed company operates within the Oil & Gas E&P industry segment, falling under the Energy sector. At the end of the last regular session, the stock closed at $25.95 and fluctuated between $25.95 as its day high and $25.48 as its day low. The current market capitalization of Magnolia Oil & Gas Corp is $5.30B. A total of 3.74 million shares were traded on the day, compared to an average of 3.39M shares.

In the most recent transaction, LARSON JAMES R bought 1,000 shares of MGY for 23.52 per share on Sep 12 ’23. After the transaction, the Director now owns 76,671 company shares.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Magnolia Oil & Gas Corp pays an annual dividend of $0.47, resulting in a dividend yield of 1.83%, and it has a price to earnings (P/E) ratio of 12.73. MGY’s most recent ex-dividend date was 2/15/2024 when it declared a $0.13 quarterly dividend that was paid in cash on 3/1/2024. Previously, the company paid the dividend on 12/1/2023 with an ex-dividend date of 11/8/2023. The MGY stock dividend was $0.1150 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, MGY has a high of $25.58 and a low of $18.72.

As of this writing, MGY has an earnings estimate of $0.47 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of $0.56 per share and a lower estimate of $0.38. The company reported an EPS of $0.54 in the last quarter, which was 1.90% higher than expectations of $0.53.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $8.25, while its Total Shareholder’s Equity was $1.05B.

Analysts Opinion

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. 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 3.67.

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