With 2.03 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.79 million shares. During the session, the Oil & Gas E&P company that operates in wider Energy sector, reached to the highest price of $24.125 whereas the lowest price it dropped to was $23.63. The 52-week range on MGY shows that it touched its highest point at $29.02 and its lowest point at $19.16 during that stretch. It currently has a 1-year price target of $27.67. With its current market cap of 4.71 billion, MGY has annualized dividend of $0.52 while the current yield stands at 2.17%. Beta for the stock currently stands at 1.99.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MGY was up-trending over the past week, with a rise of 3.10%, but this was down by -10.06% over a month. Three-month performance dropped to -11.22% while six-month performance fell -5.33%. The stock gained 13.98% in the past year, while it has gained 2.52% so far this year. A look at the trailing 12-month EPS for MGY yields 2.02 with Next year EPS estimates of 1.99. For the next quarter, that number is 0.48. This implies an EPS growth rate of -2.23% for this year and -0.24% for next year. EPS is expected to grow by 9.87% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 14.59%.
Float and Shares Shorts:
At present, 191.48 million MGY shares are outstanding with a float of 186.29 million shares on hand for trading. On 2024-12-13, short shares totaled 29.44 million, which was 1540.9999999999998 higher than short shares on 1731628800. In addition to Mr. Christopher G. Stavros as the firm’s President, CEO & Director, Mr. Brian Michael Corales CPA serves as its Senior VP, CFO and Principal Accounting & Financial Officer.
Institutional Ownership:
Through their ownership of 1.1884301 of MGY’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, MGY reported revenue of $333135000.0 and operating income of $129012000.0. The EBITDA in the recently reported quarter was $243634000.0 and diluted EPS was $0.52.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MGY since 5 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With MGY analysts setting a high price target of 33.0 and a low target of 22.0, the average target price over the next 12 months is 27.8. Based on these targets, MGY could surge 37.67% to reach the target high and fall by -8.22% to reach the target low. Reaching the average price target will result in a growth of 15.98% from current levels.
Analysts have provided yearly estimates in a range of $2.04009 being high and $1.89081 being low. For MGY, this leads to a yearly average estimate of $1.99033.
