MGY
Magnolia Oil & Gas Corporation (NYSE: MGY) announced that Magnolia Oil & Gas has entered into a definitive...
Article Summary
BUY- Magnolia Oil & Gas Corporation (NYSE: MGY) announced that Magnolia Oil & Gas has entered into a definitive purchase agreement to acquire WildFire Energy for approximately $4.06 billion, inclusive of WildFire's debt and subject to customary purchase price adjustments.
- The acquisition of the WildFire oil and gas properties and acreage is a natural and strategic fit with more than 1.25 million net acres and upside development opportunities across multiple benches including the Austin Chalk, Eagle Ford and Woodbine, creating a premier position in South Texas.
- The company expects the transaction to be immediately and highly accretive to key per share financial metrics including cash flow, free cash flow and earnings, in addition to enhancing D&C capital reinvestment rate.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | -2.0% | 25% | 0.0 ptsDeclining (-2.0%) - NOT a growth stock |
| EPS Growth Next 5Y ? | 13.5% | 25% | 35.0 ptsBelow Screener (13.5%) - Modest outlook |
| Target Price Upside ? | 23.3% | 20% | 70.0 ptsGood Upside (23.3%) - Target: $32.53 vs Current: $26.38 |
| Gross Margin % ? | 46.0% | 15% | 60.0 ptsSolid (46.0%) - Decent margins |
| Drawdown from 52-Wk High ? | -19.5% | 15% | 40.0 ptsMild Pullback (-19.5%) - Light entry opportunity |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About MGY
- Magnolia Oil & Gas Corporation, an independent oil and natural gas company, engages in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids reserves in the United States.
- The company's properties are located primarily in Karnes County and the Giddings area in South Texas comprising the Eagle Ford Shale and the Austin Chalk formation.
- The company was incorporated in 2017 and is headquartered in Houston, Texas.