MGY - Shares of Magnolia Oil & Gas Corporation Class A (MGY) Rise to a New 52-Week High
Magnolia Oil & Gas Corporation Class A (NYSE:MGY) traded at a new 52-week high today of $29.15. This new high was reached on below average trading volume as 433,000 shares traded hands, while the average 30-day volume is approximately 1.6 million shares.
Magnolia Oil & Gas Corporation Class A (NYSE:MGY) is currently priced 19.1% above its average consensus analyst price target of $23.03.
Magnolia Oil & Gas Corp is an independent oil producer with assets located in the Eagle Ford Shale and Austin Chalk formations in South Texas. Its objective is to generate stock market value over the long term through consistent organic production growth, high full-cycle operating margins, an efficient capital program with short economic paybacks, significant free cash flow after capital expenditures, and effective reinvestment of free cash flow. Its assets are located at Karnes County and Giddings Field. The company's operating segment is acquisition, development, exploration, and production of oil and natural gas properties located in the United States.
Over the past year, Magnolia Oil & Gas Corporation Class A has traded in a range of $12.35 to $29.15 and is now at $28.46, 130% above that low.
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