MGY Stock Summary and Trading Ideas (Magnolia Oil & Gas Class A | NYSE:MGY)

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 Class A trades on the NYSE stock market under the symbol MGY.

As of February 28, 2025, MGY stock price declined to $23.41 with 1,546,343 million shares trading.

MGY has a market cap of $4.42 billion. This is considered a Mid Cap stock.

Last quarter Magnolia Oil & Gas Class A reported $327 million in Revenue and $.49 earnings per share. This beat revenue expectation by $1 million and exceeded earnings estimates by $.04.

In the last 3 years, MGY traded as high as $30.31 and as low as $18.01.

The top ETF exchange traded funds that MGY belongs to (by Net Assets): IJR, RDVY, VTI, AVUV, VB.

MGY has underperformed the market in the last year with a return of +7.7%, while the SPY ETF gained +18.8%. In the last 3 month period, MGY fell short of the market, returning -14.9%, while SPY returned -0.4%. However, in the most recent 2 weeks MGY has outperformed the stock market by returning -0.4%, while SPY returned -2.5%.

MGY support price is $22.96 and resistance is $24.04 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MGY shares will trade within this expected range on the day.