Magnolia Oil & Gas Corporation Class A (NYSE:MGY) traded today at a new 52-week high of $28.28. Approximately 1.1 million shares have changed hands today, as compared to an average 30-day volume of 1.6 million shares.
In the past 52 weeks, shares of Magnolia Oil & Gas Corporation Class A have traded between a low of $11.59 and a high of $28.28 and is now at $28.00, which is 142% above that low price.
Magnolia Oil & Gas Corporation Class A (NYSE:MGY) defies analysts with a current price ($28.00) 21.1% above its average consensus price target of $22.09.
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.
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