Magnolia Oil & Gas Corporation engages in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids reserves in the United States.
Adequate balance sheet and overvalued.
Share Price & News
How has Magnolia Oil & Gas's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MGY's share price has been volatile over the past 3 months.
7 Day Return
US Oil and Gas
1 Year Return
US Oil and Gas
Return vs Industry: MGY underperformed the US Oil and Gas industry which returned -53.7% over the past year.
Return vs Market: MGY underperformed the US Market which returned -13.3% over the past year.
Price Volatility Vs. Market
How volatile is Magnolia Oil & Gas's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StThese Analysts Just Made A Huge Downgrade To Their Magnolia Oil & Gas Corporation (NYSE:MGY) EPS Forecasts
1 month ago | Simply Wall StA Sliding Share Price Has Us Looking At Magnolia Oil & Gas Corporation's (NYSE:MGY) P/E Ratio
1 month ago | Simply Wall StHere’s why Magnolia Oil & Gas Corporation’s (NYSE:MGY) Returns On Capital Matters So Much
Is Magnolia Oil & Gas undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MGY ($3.91) is trading above our estimate of fair value ($3.7)
Significantly Below Fair Value: MGY is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MGY is poor value based on its PE Ratio (13.3x) compared to the Oil and Gas industry average (7.6x).
PE vs Market: MGY is poor value based on its PE Ratio (13.3x) compared to the US market (12.5x).
Price to Earnings Growth Ratio
PEG Ratio: MGY's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: MGY is good value based on its PB Ratio (0.4x) compared to the US Oil and Gas industry average (0.5x).
How is Magnolia Oil & Gas forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MGY's earnings are forecast to decline over the next 3 years (-67.1% per year).
Earnings vs Market: MGY's earnings are forecast to decline over the next 3 years (-67.1% per year).
High Growth Earnings: MGY's earnings are forecast to decline over the next 3 years.
Revenue vs Market: MGY's revenue is expected to decline over the next 3 years (-25.9% per year).
High Growth Revenue: MGY's revenue is forecast to decline over the next 3 years (-25.9% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MGY is forecast to be unprofitable in 3 years.
How has Magnolia Oil & Gas performed over the past 5 years?
Last years earnings growth
Earnings and Revenue History
Quality Earnings: MGY has high quality earnings.
Growing Profit Margin: MGY's current net profit margins (5.1%) are lower than last year (9%).
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if MGY's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: MGY's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MGY had negative earnings growth (-49.4%) over the past year, making it difficult to compare to the Oil and Gas industry average (-11.9%).
Return on Equity
High ROE: MGY's Return on Equity (3.1%) is considered low.
How is Magnolia Oil & Gas's financial position?
Financial Position Analysis
Short Term Liabilities: MGY's short term assets ($293.2M) exceed its short term liabilities ($175.2M).
Long Term Liabilities: MGY's short term assets ($293.2M) do not cover its long term liabilities ($562.7M).
Debt to Equity History and Analysis
Debt Level: MGY's debt to equity ratio (14.3%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if MGY's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: MGY's debt is well covered by operating cash flow (166.1%).
Interest Coverage: MGY's interest payments on its debt are well covered by EBIT (4.5x coverage).
What is Magnolia Oil & Gas's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MGY's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate MGY's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MGY's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MGY's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MGY's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Steve Chazen (72yo)
Mr. Stephen I. Chazen, also known as Steve, serves as Independent Chairman and Director of Occidental Petroleum Corporation since 2020. He has been the Chief Executive Officer and President of Magnolia Oil ...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($USD270.00K) is below average for companies of similar size in the US market ($USD3.25M).
Compensation vs Earnings: Steve's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|CFO & Executive VP||1.75yrs||US$2.47m||0.14% $1.4m|
|Senior Vice President of Operations||1.42yrs||US$1.26m||0.015% $146.2k|
|Executive VP||1.58yrs||US$2.15m||0.12% $1.2m|
|Vice President of Investor Relations||no data||no data||no data|
Experienced Management: MGY's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
|Independent Director||1.75yrs||US$192.92k||0.014% $138.8k|
|Independent Director||2.92yrs||US$192.92k||0.037% $365.7k|
|Lead Independent Director||no data||US$187.92k||0.037% $365.7k|
|Independent Director||2.92yrs||US$184.45k||0.034% $342.0k|
|Independent Director||1.75yrs||US$182.92k||0.020% $197.5k|
Experienced Board: MGY's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MGY insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.8%.
Magnolia Oil & Gas Corporation's company bio, employee growth, exchange listings and data sources
- Name: Magnolia Oil & Gas Corporation
- Ticker: MGY
- Exchange: NYSE
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Implied Market Cap: US$993.958m
- Market Cap: US$658.520m
- Shares outstanding: 254.21m
- Website: https://www.magnoliaoilgas.com
Number of Employees
- Magnolia Oil & Gas Corporation
- Nine Greenway Plaza
- Suite 1300
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MGY||NYSE (New York Stock Exchange)||Yes||Class A Common Stock||US||USD||Jun 2017|
Magnolia Oil & Gas Corporation engages in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids reserves in the United States. The company’s properties are located primarily in Karnes County and the Giddings Field in South Texas principally comprising the Eagle Ford Shale and the Austin Chalk formation. As of December 31, 2019, its assets consisted of a total leasehold position of 450,854 net acres, including 22,088 net acres in Karnes, Gonzales, DeWitt, and Atascosa counties, Texas; 428,766 net acres in the Giddings Field; and approximately 1,141 net wells with a total production capacity of 66.8 thousand barrels of oil equivalent per day. The company is headquartered in Houston, Texas.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/07 04:00|
|End of Day Share Price||2020/04/06 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.