Cracking The Code: Understanding Analyst Reviews For Magnolia Oil & Gas

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Providing a diverse range of perspectives from bullish to bearish, 8 analysts have published ratings on Magnolia Oil & Gas MGY in the last three months.

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 2 1 4 0 1
Last 30D 0 0 1 0 0
1M Ago 0 1 2 0 1
2M Ago 1 0 1 0 0
3M Ago 1 0 0 0 0

Analysts have set 12-month price targets for Magnolia Oil & Gas, revealing an average target of $28.0, a high estimate of $33.00, and a low estimate of $22.00. Surpassing the previous average price target of $25.56, the current average has increased by 9.55%.

Diving into Analyst Ratings: An In-Depth Exploration

A clear picture of Magnolia Oil & Gas's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
William Janela Mizuho Raises Neutral $28.00 $26.00
Biju Perincheril Susquehanna Raises Positive $31.00 $28.00
Mark Lear Piper Sandler Maintains Neutral $29.00 $29.00
Hanwen Chang Wells Fargo Raises Equal-Weight $27.00 $23.00
Paul Diamond Citigroup Raises Sell $22.00 $18.00
Umang Choudhary Goldman Sachs Raises Buy $28.00 $24.50
William Janela Mizuho Raises Neutral $26.00 $24.00
Neal Dingmann Truist Securities Raises Buy $33.00 $32.00

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: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Magnolia Oil & Gas compared to the broader market.
  • Price Targets: Delving into movements, analysts provide estimates for the future value of Magnolia Oil & Gas's stock. This analysis reveals shifts in analysts' expectations over time.

Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Magnolia Oil & Gas's market position. Stay informed and make well-judged decisions with the assistance of 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: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.

Revenue Growth: Magnolia Oil & Gas's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately 3.58%. This indicates a substantial increase in the company's 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: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 26.64%, the company showcases strong profitability and effective cost control.

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 ROA stands out, surpassing industry averages. With an impressive ROA of 3.06%, the company demonstrates effective utilization of assets and strong financial performance.

Debt Management: With a below-average debt-to-equity ratio of 0.23, Magnolia Oil & Gas adopts a prudent financial strategy, indicating a balanced approach to debt management.

How Are Analyst Ratings Determined?

Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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