Magnolia Oil & Gas Corp (NYSE:MGY) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 19,510,000 shares, a growth of 11.9% from the June 30th total of 17,430,000 shares. Based on an average daily volume of 2,520,000 shares, the days-to-cover ratio is currently 7.7 days. Approximately 16.3% of the shares of the company are short sold.

A number of equities analysts have issued reports on the stock. Seaport Global Securities assumed coverage on shares of Magnolia Oil & Gas in a research report on Monday, July 27th. They set a “neutral” rating for the company. ValuEngine raised shares of Magnolia Oil & Gas from a “hold” rating to a “buy” rating in a research note on Friday, May 8th. R. F. Lafferty dropped their price objective on shares of Magnolia Oil & Gas from $10.00 to $6.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Zacks Investment Research cut shares of Magnolia Oil & Gas from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Finally, Northland Securities raised their price objective on shares of Magnolia Oil & Gas from $5.00 to $7.50 and gave the stock a “market perform” rating in a research note on Monday, July 20th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Magnolia Oil & Gas currently has an average rating of “Hold” and a consensus price target of $8.31.

In other Magnolia Oil & Gas news, CEO Stephen I. Chazen purchased 14,700 shares of Magnolia Oil & Gas stock in a transaction on Thursday, June 25th. The stock was bought at an average cost of $5.63 per share, with a total value of $82,761.00. Following the transaction, the chief executive officer now owns 6,881,885 shares of the company’s stock, valued at approximately $38,745,012.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Stephen I. Chazen purchased 15,000 shares of Magnolia Oil & Gas stock in a transaction on Tuesday, June 23rd. The shares were acquired at an average cost of $5.95 per share, with a total value of $89,250.00. Following the completion of the transaction, the chief executive officer now directly owns 6,881,885 shares in the company, valued at approximately $40,947,215.75. The disclosure for this purchase can be found here. Insiders purchased a total of 64,700 shares of company stock valued at $378,511 over the last ninety days. 5.57% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Advisor Group Inc. raised its holdings in shares of Magnolia Oil & Gas by 130.1% during the 4th quarter. Advisor Group Inc. now owns 3,944 shares of the company’s stock worth $49,000 after acquiring an additional 2,230 shares during the period. UBS Group AG grew its position in shares of Magnolia Oil & Gas by 35.6% during the fourth quarter. UBS Group AG now owns 4,494 shares of the company’s stock worth $57,000 after buying an additional 1,181 shares in the last quarter. Principal Financial Group Inc. acquired a new position in shares of Magnolia Oil & Gas during the first quarter worth about $42,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Magnolia Oil & Gas during the first quarter worth about $43,000. Finally, Greenleaf Trust acquired a new position in shares of Magnolia Oil & Gas during the first quarter worth about $44,000. Institutional investors and hedge funds own 71.46% of the company’s stock.

MGY traded up $0.06 on Friday, hitting $5.98. 1,689,010 shares of the company’s stock were exchanged, compared to its average volume of 1,554,171. Magnolia Oil & Gas has a fifty-two week low of $3.23 and a fifty-two week high of $13.28. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.47. The firm has a 50-day moving average price of $6.30 and a 200-day moving average price of $6.76. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of -0.84 and a beta of 2.58.

Magnolia Oil & Gas (NYSE:MGY) last announced its earnings results on Monday, May 11th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.04). Magnolia Oil & Gas had a positive return on equity of 0.82% and a negative net margin of 132.38%. The business had revenue of $181.37 million for the quarter, compared to analyst estimates of $190.42 million. On average, equities analysts predict that Magnolia Oil & Gas will post -0.07 EPS for the current year.

Magnolia Oil & Gas Company Profile

Magnolia Oil & Gas Corporation engages in the business of acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids reserves in the United States. The company has oil and natural gas properties located primarily in Karnes County and the Giddings Field in South Texas primarily comprising the Eagle Ford Shale and the Austin Chalk formation.

Featured Article: Understanding the Price to Earnings Ratio (PE)

Receive News & Ratings for Magnolia Oil & Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Magnolia Oil & Gas and related companies with MarketBeat.com's FREE daily email newsletter.