Magnolia Oil & Gas Corporation

Magnolia Oil & Gas Corporationverified

MGY

Price:

$25.92

Market Cap:

$4.69B

Magnolia Oil & Gas Corporation engages in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids reserves in the United States. Its properties are located primarily in Karnes County and the Giddings Field in South Texas principally comprising the Eagle Ford Shale and the Austin Chalk formation. As of December 31, 2021, the company's assets consisted of a total leasehold position of 4,71,263 net acres, including 23,785 net acres in Karnes and 4,47,478 net acres in the Giddings area, as well as holds 1,292 net wells with a total production capacity of 66.0 thousand barrels of oil equivalent per day. The company was incorporated in 2017 and is hea...[Read more]

Industry

Oil & Gas Exploration & Production

IPO Date

2017-06-29

Stock Exchange

NYSE

Ticker

MGY

The Current Ratio as of July 2024 (TTM) for Magnolia Oil & Gas Corporation (MGY) is 1.71

According to Magnolia Oil & Gas Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 1.71. This represents a change of -26.86% compared to the average of 2.33 of the last 4 quarters.

Magnolia Oil & Gas Corporation (MGY) Historical Current Ratio (quarterly & annually)

How has MGY Current Ratio performed in the past?

The mean historical Current Ratio of Magnolia Oil & Gas Corporation over the last ten years is 1.58. The current 1.71 Current Ratio has changed 10.70% with respect to the historical average. Over the past ten years (40 quarters), MGY's Current Ratio was at its highest in in the June 2023 quarter at 3.10. The Current Ratio was at its lowest in in the June 2018 quarter at 0.03.

Quarterly (TTM)
Annual

Average

1.58

Median

1.78

Minimum

0

Maximum

2.50

Magnolia Oil & Gas Corporation (MGY) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Magnolia Oil & Gas Corporation Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = Infinity%

Maximum Annual Current Ratio = 2.50

Minimum Annual Increase = -24.90%

Minimum Annual Current Ratio = 0

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.88-24.90%
20222.505.32%
20212.378.73%
20202.1830.46%
20191.6712.97%
20181.48169.04%
20170.55Infinity%

Magnolia Oil & Gas Corporation (MGY) Average Current Ratio

How has MGY Current Ratio performed in the past?

The current Current Ratio of Magnolia Oil & Gas Corporation (MGY) is less than than its 3-year, less than than its 5-year, and greater than its 10-year historical averages

3-year avg

2.25

5-year avg

2.12

10-year avg

1.58

Magnolia Oil & Gas Corporation (MGY) Current Ratio vs. Peers

How is MGY’s Current Ratio compared to its peers?

Magnolia Oil & Gas Corporation’s Current Ratio is greater than SM Energy Company (1.48), greater than Civitas Resources, Inc. (0.37), greater than Range Resources Corporation (1.35), greater than Callon Petroleum Company (0.39), greater than Matador Resources Company (0.89), greater than Hess Corporation (1.23), greater than Marathon Oil Corporation (0.55), greater than Chord Energy Corporation (1.14), greater than Earthstone Energy, Inc. (0.47), greater than PDC Energy, Inc. (0.49), greater than SilverBow Resources, Inc. (0.63), greater than Vital Energy, Inc. (1.22), greater than Permian Resources Corporation (0.55), greater than Ring Energy, Inc. (0.50), greater than Comstock Resources, Inc. (0.64), greater than Obsidian Energy Ltd. (0.45),

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