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Magnolia Oil & Gas Corporation (MGY)

NYSE - Nasdaq Real Time Price. Currency in USD
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22.07-0.11 (-0.50%)
As of 01:15PM EDT. Market open.

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  • R
    Rusty
    Contrary to the BS ZACKS article MGY earned $1.32 PS (NYSE:MGY) reported quarterly earnings of $1.32 per share which beat the analyst consensus estimate of $1.18 by 11.86 percent. This is a 135.71 percent increase over earnings of $0.56 per share from the same period last year.
  • R
    Rusty
    If you glance at the chart and compare Natural Gas Commodity prices from the first quarter to the second you will see that they went up about 100% on average, so MGY should blow away all earnings estimates. Hold on for an earnings BEAT and a possibly rise in dividend.
  • D
    Derek
    Inflation is high and will not go down overnight. The oil refining industry is the beneficiary of a seemingly unfixable supply chain bottleneck. MGY has an amazing combo of revenue growth, financial health, and past performance. Great cash flowz.
  • B
    Burt
    Why was this stock hit more that other oil stocks? Minimal debt, well run great fundamentals?
  • T
    TMB
    Thought on their earnings??
  • L
    Lynwood
    Good earnings. Stock buy back in progress. Oil down today offering a chance to get in. Strong insider ownership. The stock is oversubscribed by institutions and insiders, a good indicator. And lastly, they have quit buying derivatives, which will improve the net profit going forward. Lynwood
  • R
    R
    Just a note...in 2019 MGY bought the Highlander Well (monster) for $52m from Freeport McMoran $fcx. In the deal they also got 31m trust units of $GULTU (it holds an ORRI on the 9000 acres the Highlander Well sits on). $fcx also kept 31m trust units of gultu. The 9000/a prospect is slated for three wells. Do your homework and read some history on the Highlander...Stephen Chazen is a very smart man.
  • R
    Rusty
    Three months ago, we had the same news of Enervest selling shares and MGY traded down to $21. and change. MGY went up to $28.+ after that. That's a 33% GAIN in 3 months. Enervest Proposed Block Trade Of 7,500,000 Shares Of Class A Common Stock Of Magnolia; Magnolia Intention To Purchase 2,500,000 Shares Of Class B Common Stock From Enervest
    4:52 pm ET March 9, 2022 (Benzinga) ****** Buy the 6% drop today*****
  • R
    Rusty
    Natural Gas Spot price for last quarter went from $3.73 on 12/31/2021 to $5.64 on 3/31/2022 with $4.68 at midpoint. Natural Gas Spot price midpoint so far this quarter is $7.12. The company is expected to earn $1.17 per share for the current quarter, which represents a year-over-year change of +108.93%.
  • R
    Rusty
    If MGY can reach $27.00," do you think", shorts will cover their losing positions?
  • R
    Rusty
    NATURAL GAS (HENRY HUB)
    9.25+0.41+4.64% Time to hit a new 52 week high
  • N
    NIO BIG SHORT
    Dorian LPG Ltd.
    Winter is closer than you think, load the boat now and get in early, $MGY $LPG $NE
  • N
    NIO BIG SHORT
    $NIO conversation
    Well folks, it's that time of month again to pick my top longs and shorts for the month ahead.
    My top longs: $GRIN $MGY $TRIN $LPG $AAWW
    Short plays for this month: $TSLA $NIO $FATE $DASH and $COIN
    GLTA and see you on the other side.
  • t
    tina
    I will probably listen to the conference call two or three more times because every time I do I’ll absorb something else but the bottom line is this is a really good company with a really good bright future dividends or a very important aspect in this environment of zero interest rate policy for the investors it’s only a matter of time for this company to move much higher . as the CEO said he does not see a lot more money being used to bring more wells into production in the energy sector at least for 18 months with dad is telling you is record amount of free cash flow to continue to buy back shares and maybe even give a special dividend the migration of NASDAQ money is going to find a home in companies like this were in the first inning in this energy generational boom that is only starting to catch on with the masses never sell your core position you can wake up one morning and we could be up several dollars .
  • p
    p-me
    They have no hedge on the oilprice. This equates to exponential profits with these oil prices. Buynhold. No trading on this one.
  • t
    tina
    they report tomorrow after the close of the market and the conference call is the next day The company stock has a lot of room to run The fourth quarter will be great and the first quarter will be even better
  • T
    Tom
    just bought my first position today on this little selloff I am also very big into Sand Ridge energy the symbol is SD they are also have no hedging it’s sold off the past couple days and it’s building a base for the next big move up we’re two months into the third quarter and it will be outstanding I also hold a lot of Cabot oil and gas they will be hedge free come in the beginning of the year very undervalued.
  • R
    Rusty
    MGY seems to have one of the best balance sheets and dividend yet there are 18.79Million Shares Shorted as of (Feb 15, 2022). Almost 15% of the floated shares gives them a lot of power but they too will soon be under water.