Magnolia Oil & Gas Corp (MGY)
(Delayed Data from NYSE)
$26.34 USD
+0.06 (0.23%)
Updated Apr 26, 2024 04:00 PM ET
After-Market: $26.34 0.00 (0.00%) 7:58 PM ET
3-Hold of 5 3
C Value D Growth A Momentum B VGM
Company Summary
Magnolia Oil & Gas is an independent upstream operator engaged in the exploration, development and production of natural gas, crude oil and natural gas liquids. Headquartered in Houston, TX, the firm is focused on the Eagle Ford Shale and Austin Chalk formations in South Texas.
Magnolia was formed in 2018 through the acquisition of private operator EnerVest’s South Texas division by TPG Pace Energy Holdings Corp. — a SPAC (Special Purpose Acquisition Company) backed by private equity group TPG Capital and former chairman of Occidental Petroleum Steve Chazen.
Company Summary
Magnolia Oil & Gas is an independent upstream operator engaged in the exploration, development and production of natural gas, crude oil and natural gas liquids. Headquartered in Houston, TX, the firm is focused on the Eagle Ford Shale and Austin Chalk formations in South Texas.
Magnolia was formed in 2018 through the acquisition of private operator EnerVest’s South Texas division by TPG Pace Energy Holdings Corp. — a SPAC (Special Purpose Acquisition Company) backed by private equity group TPG Capital and former chairman of Occidental Petroleum Steve Chazen.
In South Texas, Magnolia’s position consists of around 576,504 net acres, of which some 50,681 net acres are located in the highly productive Karnes County and 525,823 net acres in the re-emerging Giddings Field.
During 2023, the company reported average production of 82,340 barrels of oil-equivalent (boe) per day (69% liquids), of which roughly 71% came from the Giddings Field and the rest from the Karnes County.
At Dec 31, 2023, Magnolia's total estimated proved reserves were 72.2 million barrels ((MMBbls) of oil, 47.4 MMBbls of natural gas liquids (“NGL”) and 300.6 billion cubic feet (Bcf) of natural gas, totaling 169.8 million barrels of oil-equivalent (MMboe) — 70% liquids, 80% developed.
Magnolia generated revenues of $1.2 illion from its operations last year, down 27.6% year over year. The company — focused on growth through a combination of acquisitions and active drilling — spent around $421.6 million on drilling and completion capital expenditures in 2023.
The company focuses on growth through a combination of acquisitions and active drilling. Since its inception in 2018, Magnolia has spent around 60% of operating cash flow on capital expenditures, 26% on acquisitions, 8% on stock buybacks, while preserving the remaining 6% cash. In particular, the company is focused on returning significant cash to its shareholders by aiming to repurchase at least 1% of its total scrips outstanding each quarter and introducing a cash dividend in 2021.
General Information
Magnolia Oil & Gas Corp
NINE GREENWAY PLAZA SUITE 1300
HOUSTON, TX 77046
Phone: 713-842-9050
Fax: NA
Web: http://www.magnoliaoilgas.com
Email: tfitter@mgyoil.com
Industry | Oil and Gas - Exploration and Production - United States |
Sector | Oils-Energy |
Fiscal Year End | December |
Last Reported Quarter | 3/31/2024 |
Earnings Date | 5/7/2024 |
EPS Information
Current Quarter EPS Consensus Estimate | 0.45 |
Current Year EPS Consensus Estimate | 2.09 |
Estimated Long-Term EPS Growth Rate | 7.80 |
Earnings Date | 5/7/2024 |
Price and Volume Information
Zacks Rank | |
Yesterday's Close | 26.28 |
52 Week High | 27.33 |
52 Week Low | 18.72 |
Beta | 2.05 |
20 Day Moving Average | 2,308,191.50 |
Target Price Consensus | 26.80 |
4 Week | 1.27 |
12 Week | 28.70 |
YTD | 23.44 |
4 Week | 5.40 |
12 Week | 25.07 |
YTD | 16.63 |
Shares Outstanding (millions) | 204.28 |
Market Capitalization (millions) | 5,368.40 |
Short Ratio | NA |
Last Split Date | NA |
Dividend Yield | 1.98% |
Annual Dividend | $0.52 |
Payout Ratio | 0.23 |
Change in Payout Ratio | 0.15 |
Last Dividend Payout / Amount | 2/15/2024 / $0.13 |
Fundamental Ratios
P/E (F1) | 12.56 |
Trailing 12 Months | 12.88 |
PEG Ratio | 1.60 |
vs. Previous Year | -41.86% |
vs. Previous Quarter | -7.41% |
vs. Previous Year | -7.57% |
vs. Previous Quarter | 2.20% |
Price/Book | 2.86 |
Price/Cash Flow | 7.52 |
Price / Sales | 4.38 |
3/31/24 | NA |
12/31/23 | 21.21 |
9/30/23 | 25.75 |
3/31/24 | NA |
12/31/23 | 14.69 |
9/30/23 | 17.79 |
3/31/24 | NA |
12/31/23 | 1.88 |
9/30/23 | 2.65 |
3/31/24 | NA |
12/31/23 | 1.88 |
9/30/23 | 2.65 |
3/31/24 | NA |
12/31/23 | 31.57 |
9/30/23 | 36.79 |
3/31/24 | NA |
12/31/23 | 31.65 |
9/30/23 | 41.62 |
3/31/24 | NA |
12/31/23 | 44.81 |
9/30/23 | 47.91 |
3/31/24 | NA |
12/31/23 | 9.18 |
9/30/23 | 8.91 |
3/31/24 | NA |
12/31/23 | NA |
9/30/23 | NA |
3/31/24 | NA |
12/31/23 | 0.21 |
9/30/23 | 0.21 |
3/31/24 | NA |
12/31/23 | 17.26 |
9/30/23 | 17.51 |