Is it Time to Dump Magnolia Oil & Gas Corp (MGY) Stock After it Is Lower By 2.12% in a Week?

The market has been down on Magnolia Oil & Gas Corp (MGY) stock recently. MGY gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Magnolia Oil & Gas Corp has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on MGY!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With MGY Stock Today?

Magnolia Oil & Gas Corp (MGY) stock is up 0.72% while the S&P 500 is lower by -1.08% as of 3:07 PM on Friday, Feb 3. MGY is up $0.16 from the previous closing price of $22.91 on volume of 549,152 shares. Over the past year the S&P 500 is lower by -9.91% while MGY is up 2.62%. MGY earned $4.36 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 5.3.

More About Magnolia Oil & Gas Corp

Magnolia Oil & Gas Corp is an independent oil and natural gas company engaged in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquid (NGL) reserves. The Company's oil and natural gas properties are located in Karnes County and the Giddings area in South Texas, where the Company targets the Eagle Ford Shale and Austin Chalk formations. Its objective is to generate stock market value over the long term through consistent organic production growth, high full-cycle operating margins, and an efficient capital program with short economic paybacks. The company's operating segment is acquisition, development, exploration, and production of oil and natural gas properties located in the United States. Click Here to get the full Stock Report for Magnolia Oil & Gas Corp stock.