Returns on Capital Paint A Bright Future For Magnolia Oil & Gas (NYSE:MGY) [Yahoo! Finance]
Magnolia Oil & Gas Corporation Class A (MGY)
Last magnolia oil & gas corporation class a earnings: 2/19 04:11 pm
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Source: Yahoo! Finance
return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. So when we looked at the ROCE trend of Magnolia Oil & Gas NYSE:MGY ) we really liked what we saw. What Is Return On Capital Employed (ROCE)? Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. Analysts use this formula to calculate it for Magnolia Oil & Gas: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.22 = US$545m ÷ (US$2.8b - US$355m) (Based on the trailing twelve months to June 2024) So, Magnolia Oil & Gas has an ROCE of 22%. In absolute terms that's a great return and it's even better than the Oil and Gas industry average of 12%. In the above chart we hav
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MGY
News
- Magnolia Oil & Gas Co. (NYSE: MGY) had its price target lowered by analysts at Mizuho from $28.00 to $27.00. They now have a "neutral" rating on the stock.MarketBeat
- Magnolia Oil & Gas Co. (NYSE: MGY) had its price target lowered by analysts at JPMorgan Chase & Co. from $26.00 to $23.00. They now have a "neutral" rating on the stock.MarketBeat
- Magnolia Oil & Gas Co. (NYSE: MGY) had its price target lowered by analysts at Susquehanna from $33.00 to $32.00. They now have a "positive" rating on the stock.MarketBeat
- Magnolia Oil & Gas: Meets Cost Reduction Targets Ahead Of Schedule [Seeking Alpha]Seeking Alpha
- Why Is Magnolia Oil & Gas Corp (MGY) Up 1.1% Since Last Earnings Report? [Yahoo! Finance]Yahoo! Finance
MGY
Earnings
- 7/31/24 - In-Line
MGY
Sec Filings
- 9/5/24 - Form 4
- 8/1/24 - Form 10-Q
- 7/31/24 - Form 8-K
- MGY's page on the SEC website