Magnolia Oil & Gas Corporation (MGY) Research
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.
Market snapshot
- Symbol
- MGY
- Price
- $26.41
- Day change
- -1.68%
- Market cap
- $4.9B
- P/E ratio
- 15.02x
- 52-week range
- 21.065-32.76
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Next earnings
- in 2 months
- Analyst price target
- $29.56
Recent news
- While Asia and Europe scramble for natural gas, the US glut has nowhere to go
The war with Iran has boosted prices of globally traded natural gas by throttling exports from the Gulf. In West Texas, gas is so abundant that some producers must pay to have it taken away.
Peer companies
Recent insider activity
- Acosta Arcilia — A-Award (6320 shares) on 2026-05-08
- DJEREJIAN EDWARD P — A-Award (6320 shares) on 2026-05-08
- Ropp Ralph Lewis — A-Award (6320 shares) on 2026-05-08
- SMITH DAN F — A-Award (8028 shares) on 2026-05-08
- Khani David M. — A-Award (6320 shares) on 2026-05-08
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