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Magnolia Oil & Gas Corp (MGY)

(Delayed Data from NYSE)

$25.60 USD

25.60
2,808,147

-0.30 (-1.16%)

Updated Jul 24, 2024 04:00 PM ET

After-Market: $25.60 0.00 (0.00%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.15%
2Buy17.88%
3Hold9.47%
4Sell5.14%
5Strong Sell2.57%
S&P50011.11%

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2-Buy of 5   2      

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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B Value C Growth C Momentum B VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 30% (76 out of 250)

Industry: Oil and Gas - Exploration and Production - United States

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Balance Sheet

Research for MGY

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Magnolia Oil & Gas Corp falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 401 675 367 193 183
Receivables 190 171 150 82 106
Notes Receivable 0 0 0 0 0
Inventories 0 0 0 0 0
Other Current Assets 0 5 2 7 5
Total Current Assets 591 851 519 282 293
Net Property & Equipment 2,052 1,533 1,216 1,150 3,117
Investments & Advances 0 0 0 0 20
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 94 168 4 6 8
Intangibles 0 0 0 9 24
Deposits & Other Assets 19 20 8 7 4
Total Assets 2,756 2,573 1,747 1,453 3,466
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 193 203 128 63 79
Current Portion Long-Term Debt 0 0 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 0 0 0 0 0
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 122 137 91 66 96
Total Current Liabilities 315 340 219 129 175
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 78
Convertible Debt 0 0 0 0 0
Long-Term Debt 393 390 388 391 390
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 166 102 95 94 95
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 874 832 701 614 738
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 0 0 0 0 0
Capital Surplus 1,744 1,720 1,690 1,713 1,703
Retained Earnings 486 186 -708 -1,125 83
Other Equity 191 164 228 291 952
Treasury Stock 538 330 165 39 10
Total Shareholder's Equity 1,883 1,740 1,045 839 2,729
Total Liabilities & Shareholder's Equity 2,756 2,573 1,747 1,453 3,466
Total Common Equity 1,883 1,740 1,045 839 2,729
Shares Outstanding 204.90 213.80 228.50 249.00 253.10
Book Value Per Share 9.19 8.14 4.57 3.37 10.78

Fiscal Year End for Magnolia Oil & Gas Corp falls in the month of December.

All items in Millions except Per Share data.

6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Assets          
Cash & Equivalents -99,999 399 401 618 677
Receivables NA 196 190 187 137
Notes Receivable NA 0 0 0 0
Inventories NA 0 0 0 0
Other Current Assets NA 2 0 1 1
Total Current Assets NA 598 591 806 815
Net Property & Equipment NA 2,094 2,052 1,682 1,600
Investments & Advances NA 0 0 0 0
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 85 94 123 136
Intangibles NA 0 0 0 0
Deposits & Other Assets NA 31 19 41 16
Total Assets NA 2,808 2,756 2,652 2,567
Liabilities & Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 220 193 183 166
Current Portion Long-Term Debt NA 0 0 0 0
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 0 0 0 0
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 130 122 120 97
Total Current Liabilities NA 350 315 304 263
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 0 0 0 0
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 393 393 392 392
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 166 109 102
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 910 874 805 757
Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 0 0 0 0
Capital Surplus NA 1,745 1,744 1,739 1,731
Retained Earnings NA 547 486 409 329
Other Equity NA 197 191 183 175
Treasury Stock NA 591 538 484 426
Total Shareholder's Equity NA 1,898 1,883 1,847 1,810
Total Liabilities & Shareholder's Equity NA 2,808 2,756 2,652 2,567
Total Common Equity 0 1,898 1,883 1,847 1,810
Shares Outstanding 202.70 203.30 204.90 207.40 209.80
Book Value Per Share 0.00 9.33 9.19 8.91 8.63