Magnolia Oil & Gas Corporation

Magnolia Oil & Gas Corporationverified

MGY

Price:

$25.45

Market Cap:

$4.60B

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 ROE as of July 2024 (TTM) for Magnolia Oil & Gas Corporation (MGY) is 22.54%

According to Magnolia Oil & Gas Corporation’s latest financial reports and current stock price. The company's current ROE is 22.54%. This represents a change of 299.82% compared to the average of 5.64% of the last 4 quarters.

Magnolia Oil & Gas Corporation (MGY) Historical ROE (quarterly & annually)

How has MGY ROE performed in the past?

The mean historical ROE of Magnolia Oil & Gas Corporation over the last ten years is -17.70%. The current 22.54% ROE has changed -227.34% with respect to the historical average. Over the past ten years (40 quarters), MGY's ROE was at its highest in in the June 2022 quarter at 22.60%. The ROE was at its lowest in in the March 2020 quarter at -225.89%.

Quarterly (TTM)
Annual

Average

-17.70%

Median

20.45%

Minimum

-340.95%

Maximum

68.53%

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

Discovering the peaks and valleys of Magnolia Oil & Gas Corporation ROE, 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 ROE = 68.53%

Minimum Annual Increase = -7223.73%

Minimum Annual ROE = -340.95%

Quarterly (TTM)
Annual
YearROEChange
202322.95%-59.53%
202256.71%-17.24%
202168.53%-120.10%
2020-340.95%-7223.73%
20194.79%-73.34%
201817.95%-36.84%
201728.42%Infinity%

Magnolia Oil & Gas Corporation (MGY) Average ROE

How has MGY ROE performed in the past?

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

3-year avg

49.40%

5-year avg

-37.59%

10-year avg

-17.70%

Magnolia Oil & Gas Corporation (MGY) ROE vs. Peers

How is MGY’s ROE compared to its peers?

Magnolia Oil & Gas Corporation’s ROE is less than SM Energy Company (21.42%), less than Civitas Resources, Inc. (12.69%), less than Range Resources Corporation (13.36%), less than Callon Petroleum Company (10.67%), less than Matador Resources Company (22.78%), less than Hess Corporation (22.46%), less than Marathon Oil Corporation (12.80%), less than Chord Energy Corporation (18.60%), less than Earthstone Energy, Inc. (26.29%), less than PDC Energy, Inc. (25.02%), less than SilverBow Resources, Inc. (17.54%), less than Vital Energy, Inc. (22.99%), less than Permian Resources Corporation (10.28%), less than Ring Energy, Inc. (10.18%), less than Comstock Resources, Inc. (2.60%), less than Obsidian Energy Ltd. (5.47%),

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