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.
Magnolia Oil & Gas Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$20.26|
|52 Week High||US$4.09|
|52 Week Low||US$21.39|
|1 Month Change||17.86%|
|3 Month Change||47.03%|
|1 Year Change||303.59%|
|3 Year Change||45.03%|
|5 Year Change||n/a|
|Change since IPO||102.60%|
Recent News & Updates
Magnolia Oil & Gas: Plenty Of Cash Flow For Dividends And Share Repurchases
Magnolia may generate around $500 million in positive cash flow in 2021 at current strip prices. It initiated a conservative $0.08 per share semi-annual dividend that it can sustain at $40 WTI oil. At longer-term $55 WTI oil, Magnolia may be able to easily support a $0.35 per share semi-annual dividend while leaving funds for share repurchases. Share repurchases are bringing its share count down quickly, with a 7% expected decrease from Q4 2020 to Q3 2021.
Magnolia Oil & Gas (NYSE:MGY) Is Aiming To Keep Up Its Impressive Returns
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Magnolia Oil & Gas (NYSE:MGY) Has A Pretty Healthy Balance Sheet
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
|MGY||US Oil and Gas||US Market|
Return vs Industry: MGY exceeded the US Oil and Gas industry which returned 88% over the past year.
Return vs Market: MGY exceeded the US Market which returned 27.6% over the past year.
Stable Share Price: MGY is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: MGY's weekly volatility (7%) has been stable over the past year.
About the Company
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, 2020, its assets consisted of a total leasehold position of 460,398 net acres, including 23,513 net acres in Karnes, Gonzales, DeWitt, and Atascosa counties, Texas; 436,885 net acres in the Giddings Field located in Austin, Brazos, Burleson, Fayette, Lee, Grimes, Montgomery, and Washington Counties, Texas; and approximately 1,160 net wells with a total production capacity of 61.8 thousand barrels of oil equivalent per day.
Magnolia Oil & Gas Fundamentals Summary
|MGY fundamental statistics|
Is MGY overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MGY income statement (TTM)|
|Cost of Revenue||US$111.08m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Nov 02, 2021
|Earnings per share (EPS)||0.79|
|Net Profit Margin||25.22%|
How did MGY perform over the long term?See historical performance and comparison
0.8%Current Dividend Yield
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 ($20.26) is trading above our estimate of fair value ($15.66)
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 (25.5x) compared to the US Oil and Gas industry average (19.8x).
PE vs Market: MGY is poor value based on its PE Ratio (25.5x) compared to the US market (18.2x).
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 overvalued based on its PB Ratio (7.5x) compared to the US Oil and Gas industry average (2.1x).
How is Magnolia Oil & Gas forecast to perform in the next 1 to 3 years based on estimates from 12 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 (-8.8% per year).
Earnings vs Market: MGY's earnings are forecast to decline over the next 3 years (-8.8% per year).
High Growth Earnings: MGY's earnings are forecast to decline over the next 3 years.
Revenue vs Market: MGY's revenue (0.9% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: MGY's revenue (0.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if MGY's Return on Equity is forecast to be high in 3 years time
How has Magnolia Oil & Gas performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MGY has high quality earnings.
Growing Profit Margin: MGY became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: MGY has become profitable over the past 5 years, growing earnings by -64.9% per year.
Accelerating Growth: MGY has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: MGY has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-18.6%).
Return on Equity
High ROE: MGY's Return on Equity (31.3%) is considered high.
How is Magnolia Oil & Gas's financial position?
Financial Position Analysis
Short Term Liabilities: MGY's short term assets ($312.9M) exceed its short term liabilities ($167.9M).
Long Term Liabilities: MGY's short term assets ($312.9M) do not cover its long term liabilities ($487.7M).
Debt to Equity History and Analysis
Debt Level: MGY's debt to equity ratio (45.9%) is considered high.
Reducing Debt: Insufficient data to determine if MGY's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: MGY's debt is well covered by operating cash flow (116.4%).
Interest Coverage: MGY's interest payments on its debt are well covered by EBIT (9.4x coverage).
What is Magnolia Oil & Gas's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MGY's dividend (0.79%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.29%).
High Dividend: MGY's dividend (0.79%) is low compared to the top 25% of dividend payers in the US market (3.49%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether MGY's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if MGY's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (7.3%), MGY's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MGY's dividends in 3 years are forecast to be well covered by earnings (20.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Steve Chazen (74 yo)
Mr. Stephen I. Chazen, also known as Steve, has been Director of National Park Foundation since 2019. He serves as Independent Chairman and Director of Occidental Petroleum Corporation since March 18, 2020...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($USD255.46K) is below average for companies of similar size in the US market ($USD5.19M).
Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.
Experienced Management: MGY's management team is considered experienced (3.2 years average tenure).
Experienced Board: MGY's board of directors are considered experienced (3.3 years average tenure).
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 not been meaningfully diluted in the past year.
Magnolia Oil & Gas Corporation's employee growth, exchange listings and data sources
- Name: Magnolia Oil & Gas Corporation
- Ticker: MGY
- Exchange: NYSE
- Founded: NaN
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Implied Market Cap: US$4.690b
- Market Cap: US$3.618b
- Shares outstanding: 231.51m
- Website: https://www.magnoliaoilgas.com
Number of Employees
- Magnolia Oil & Gas Corporation
- Nine Greenway Plaza
- Suite 1300
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/16 22:20|
|End of Day Share Price||2021/10/15 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.