Magnolia Oil & Gas Corporation (MGY)
Magnolia Oil & Gas Corporation operates in the Oil & Gas Exploration & Production industry of the Energy sector, headquartered in Houston, TX, US. The stock last traded at $24.48, down 2.76% on the session, giving a market capitalisation of $5.80B. On trailing twelve-month figures it carries a trailing P/E of 10.65, a net margin of 28.8%. Its beta of 0.70 implies it has historically moved less than the broad market.
Magnolia Oil & Gas Corporation is an energy company engaged in the full lifecycle of hydrocarbon resource management: acquisition, development, exploration, and production of crude oil, natural gas, and natural gas liquids (NGLs) within the United States. Its operational focus is primarily situated in South Texas, specifically within Karnes County and the Giddings Field, where its assets primarily tap into the rich Eagle Ford Shale and Austin Chalk geological formations. According to its December 31, 2021, filing, the company's holdings comprised a substantial leasehold of 471,263 net acres. This total was broken down into 23,785 net acres in Karnes and a larger 447,478 net acres within the Giddings region. In addition, it managed 1,292 net wells, which collectively yielded a production capacity of 66,000 barrels of oil equivalent per day. Headquartered in Houston, Texas, the company began its operations in 2017.
Magnolia Oil & Gas Corporation is most often compared with the following Energy names: