Magnolia Oil & Gas Corp (MGY) Director John B. Walker Buys 160,000 Shares

Magnolia Oil & Gas Corp (NYSE:MGY) Director John B. Walker bought 160,000 shares of the company’s stock in a transaction on Wednesday, September 12th. The shares were bought at an average price of $13.76 per share, for a total transaction of $2,201,600.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NYSE MGY traded up $0.17 during midday trading on Wednesday, reaching $13.99. The company’s stock had a trading volume of 1,400,400 shares, compared to its average volume of 894,854. Magnolia Oil & Gas Corp has a fifty-two week low of $9.66 and a fifty-two week high of $14.16.

Magnolia Oil & Gas (NYSE:MGY) last posted its quarterly earnings data on Tuesday, August 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.88 by ($0.92). analysts predict that Magnolia Oil & Gas Corp will post 1.5 EPS for the current fiscal year.

Several analysts have commented on the stock. Zacks Investment Research upgraded shares of Magnolia Oil & Gas from a “hold” rating to a “strong-buy” rating and set a $16.00 target price on the stock in a report on Wednesday. Imperial Capital restated a “buy” rating and set a $18.00 target price (up from $16.00) on shares of Magnolia Oil & Gas in a report on Wednesday, August 22nd. Finally, SunTrust Banks assumed coverage on shares of Magnolia Oil & Gas in a report on Thursday, August 2nd. They set a “buy” rating on the stock.

Magnolia Oil & Gas Company Profile

Magnolia Oil & Gas Corporation engages in the oil and gas exploration and production business. It has oil and gas assets in Eagle Ford Shale and Austin Chalk formations in South Texas. The company is headquartered in Houston, Texas.

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