With 2.99 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.08 million shares. The 52-week range on MGY shows that it touched its highest point at $29.02 and its lowest point at $21.63 during that stretch. It currently has a 1-year price target of $28.31. With its current market cap of 4.38 billion, MGY has annualized dividend of $0.54 while the current yield stands at 2.39%. Beta for the stock currently stands at 1.66.
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 down-trending over the past week, with a drop of -3.67%, but this was down by -4.65% over a month. Three-month performance dropped to -18.64% while six-month performance fell -11.87%. The stock lost -1.87% in the past year, while it has lost -3.46% so far this year. A look at the trailing 12-month EPS for MGY yields 1.94 with Next year EPS estimates of 2.31. For the next quarter, that number is 0.52. This implies an EPS growth rate of 8.69% for this year and 8.35% for next year. EPS is expected to grow by 5.36% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 46.84%.
Float and Shares Shorts:
At present, 189.36 million MGY shares are outstanding with a float of 183.31 million shares on hand for trading.
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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $2.0155 being high and $1.9052 being low. For MGY, this leads to a yearly average estimate of $1.97539.
Summary of Insider Activity:
Insiders traded MGY stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.
