Why Magnolia Oil & Gas Corp (MGY) is a Top Value Stock for the Long-Term

Company Overview - Magnolia Oil & Gas Corp (MGY) is an independent upstream operator engaged in the exploration, development, and production of natural gas, crude oil, and natural gas liquids, primarily focused on the Eagle Ford Shale and Austin Chalk formations in South Texas [10]. Zacks Rank and Style Scores - MGY holds a Zacks Rank of 3 (Hold) and has a VGM Score of B, indicating a solid position in the market [10]. - The company has a Value Style Score of B, supported by attractive valuation metrics such as a forward P/E ratio of 10.79, which may appeal to value investors [11]. Earnings Estimates - For fiscal 2024, five analysts have revised their earnings estimates upwards in the last 60 days, with the Zacks Consensus Estimate increasing by $0.18 to $2.25 per share [11]. - MGY has demonstrated an average earnings surprise of 2%, suggesting a consistent performance relative to expectations [11]. Investment Consideration - With a solid Zacks Rank and top-tier Value and VGM Style Scores, MGY is recommended for investors looking for potential opportunities in the energy sector [11].