Yahoo Finance Here's Why Magnolia Oil & Gas Corp (MGY) is a Strong Value Stock
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Why Investors Should Pay Attention to This Value Stock
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to highlight the most attractive and discounted stocks.
Magnolia Oil & Gas Corp (MGY)
Magnolia Oil & Gas is an independent upstream operator engaged in the exploration, development and production of natural gas, crude oil and natural gas liquids. Headquartered in Houston, TX, the firm is focused on the Eagle Ford Shale and Austin Chalk formations in South Texas.
MGY is a Zacks Rank #3 (Hold) stock, with a Value Style Score of B and VGM Score of B. Shares are currently trading at a forward P/E of 11.1X for the current fiscal year compared to the Oil and Gas - Exploration and Production - United States industry's P/E of 9.9X. Additionally, MGY has a PEG Ratio of 1.4 and a Price/Cash Flow ratio of 7.1X. Value investors should also note MGY's Price/Sales ratio of 4.1X.
A company's earnings performance is important for value investors as well. For fiscal 2024, three analysts revised their earnings estimate higher in the last 60 days for MGY, while the Zacks Consensus Estimate has increased $0.09 to $2.25 per share. MGY also holds an average earnings surprise of 2%.
Investors should take the time to consider MGY for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores.
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Magnolia Oil & Gas Corp (MGY) : Free Stock Analysis Report
