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Magnolia Oil and Gas Corp  (NYSE: MGY)
Other Ticker:  
 
    Sector • Energy    Industry • Oil And Gas Production
   Industry • Oil And Gas Production
   Sector • Energy
 
Price: $25.6000 $0.25 0.986%
Day's High: $26.235 Week Perf: 1.07 %
Day's Low: $ 25.54 30 Day Perf: 9.92 %
Volume (M): 2,042 52 Wk High: $ 29.02
Volume (M$): $ 52,273 52 Wk Avg: $25.24
Open: $25.69 52 Wk Low: $21.63



 Market Capitalization (Millions $) 4,830
 Shares Outstanding (Millions) 189
 Employees 193
 Revenues (TTM) (Millions $) 1,316
 Net Income (TTM) (Millions $) 397
 Cash Flow (TTM) (Millions $) -141
 Capital Exp. (TTM) (Millions $) 487

Magnolia Oil And Gas Corp
Magnolia Oil and Gas Corp is an independent oil and gas exploration and production company based in the United States. With a focus on the exploration of unconventional reservoirs, Magnolia aims to develop and produce oil and gas resources efficiently. The company primarily operates in the Eagle Ford Shale in South Texas, where it has a significant acreage position. Magnolia is driven by a commitment to sustainable and responsible practices, while also working towards maximizing shareholder value.


   Company Address: Nine Greenway Plaza, Suite 1300 Houston, 77046 TX
   Company Phone Number: 842-9050   Stock Exchange / Ticker: NYSE MGY


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
APA        2.64% 
CLR        0.27% 
DVN        3.15% 
EOG        2.5% 
FANG        2.91% 
OXY        4.06% 
• View Complete Report
   



Magnolia Oil And Gas Corp

Second Quarter of 2023 Shows Major Decline in Earnings Per Share for Magnolia Oil And Gas Corp

Magnolia Oil And Gas Corp, a prominent player in the oil and gas industry, recently released its financial results for the second quarter of 2023 earnings season. The company experienced a significant decline in net profit per share, which plummeted by -63.64% to $0.48 per share compared to $1.32 per share in the previous year. Additionally, it witnessed a -4% decrease from $0.50 per share in the preceding financial reporting period.
One of the main concerns for Magnolia Oil And Gas Corp was the steep drop in revenue. It faded by -42.166% to $280.29 million from $484.65 million in the corresponding financial reporting period a year ago, and sequentially decreased by -9.109% from $308.38 million. These figures highlight the challenging market conditions the company faced during this period.
Magnolia Oil And Gas Corp

MGY's EPS Plunges as Weak Sales Take Toll on Q1 2023 Performance

Magnolia Oil And Gas Corp (MGY) shareholders were in for a rude awakening when the company's first-quarter 2023 financial report revealed a significant decline in both revenue and net profit per share. The oil and gas exploration and production company announced a soft top and bottom-line, with revenue falling by -18.383% and net profit per share plummeting by -44.44% year on year.
The company's revenue for the fiscal three months ending March 31, 2022, came in at $308.38 million, compared to $377.84 million the previous year. EPS stood at $0.50, down from $0.90 in the same period of 2022. The decline was even more pronounced when compared with the Q1 2022 numbers, with profit falling by -55.95% from $1.14 per share and revenue deteriorating by -11.649% from $349.04 million.






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