Throughout the last three months, 4 analysts have evaluated Magnolia Oil & Gas MGY, offering a diverse set of opinions from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 1 | 2 | 0 | 1 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 2 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 1 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Magnolia Oil & Gas, presenting an average target of $23.0, a high estimate of $29.00, and a low estimate of $18.00. This current average represents a 10.68% decrease from the previous average price target of $25.75.
Diving into Analyst Ratings: An In-Depth Exploration
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 |
|---|---|---|---|---|---|
| Mark Lear | Piper Sandler | Lowers | Overweight | $29.00 | $30.00 |
| Nitin Kumar | Wells Fargo | Lowers | Equal-Weight | $21.00 | $23.00 |
| Nitin Kumar | Mizuho | Lowers | Neutral | $24.00 | $26.00 |
| Paul Diamond | Citigroup | Lowers | Sell | $18.00 | $24.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Magnolia Oil & Gas. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Magnolia Oil & Gas compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Magnolia Oil & Gas's stock. This comparison reveals trends in analysts' expectations over time.
Capture valuable insights into Magnolia Oil & Gas's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on Magnolia Oil & Gas analyst ratings.
Get to Know Magnolia Oil & Gas Better
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: Delving into Financials
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Negative Revenue Trend: Examining Magnolia Oil & Gas's financials over 3 months reveals challenges. As of 30 September, 2023, the company experienced a decline of approximately -34.64% in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Energy sector.
Net Margin: Magnolia Oil & Gas's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 31.95% 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 6.12%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Magnolia Oil & Gas's ROA excels beyond industry benchmarks, reaching 3.86%. This signifies efficient management of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.24.
What Are Analyst Ratings?
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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