Magnolia Oil & Gas (MGY) Stock

Magnolia Oil and Gas, a company valued at $5.4 billion that operates in south and southeast Texas, offers a 1.9% dividend and is repurchasing its shares. While it might be a target for acquisition, it is currently rated as a hold since it is at the peak of its 52-week range, has a modest dividend, and faces significant short interest. The company is well-managed, has low debt, and concentrates on oil production.

MGY plans to invest $125 million in drilling and completion during the fourth quarter of 2024, expecting to produce 93 Mboe/d.

Magnolia Oil & Gas Corporation (NYSE:MGY) will hold its Q3 2024 Earnings Conference Call on October 31, 2024, at 11:00 AM ET. The call will feature company representatives, including Tom Fitter from Investor Relations and Chris Stavros, the President and CEO. Cindy will be moderating the call, welcoming everyone to the discussion.

Magnolia (MGY) intends to spend $120 million on drilling and completion in the third quarter of 2024, expecting to produce 91,000 barrels of oil equivalent each day.

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NEW YORK--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces its investigation of Magnolia Oil & Gas Corporation (NYSE: MGY) concerning the Company and its directors' and officers' possible violations of state laws. If you own Magnolia Oil & Gas stock, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Tom Kennedy, of GPM, 230 Park Avenue, Suite 358, New.

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