We recently published a list of Why These Energy Stocks are Gaining This Week. In this article, we are going to take a look at where Magnolia Oil & Gas Corporation (NYSE:MGY) stands against other energy stocks that are gaining this week.
Despite the ongoing global tariff war and market fluctuations, the broader energy sector has posted gains of around 1.8% since the beginning of the year, against a decline of around 4.6% by the wider market.
Unlike the downturn in oil, things are looking bullish for the natural gas industry. Gas prices have surged by over 150% YoY this week, prompting US producers to increase output after months of curtailments. Curbed production in 2024, a booming LNG industry, and fast-depleting inventories during the coldest winter in years have been the major drivers behind the uptick in prices. Moreover, after President Trump ended the moratorium on new LNG export permits, these prices are set to go even higher.
The amount of gas flowing to the country’s 8 big LNG export plants has risen to an average of 15.7 billion cubic feet per day (bcfd) so far in March, up from a record 15.6 bcfd last month, as new units enter into service. Just last week, the US Secretary of Energy Chris Wright approved an LNG export permit extension for the Golden Pass LNG Project, marking yet another step towards bolstering America’s dominance as the global energy leader.
Methodology
To collect data for this article, we have referred to several stock screeners to find energy stocks that have surged the most between March 3 and March 10, 2025. The stocks are ranked according to their share price surge during this period.
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Aerial view of an oil and natural gas drilling operation on a leasehold position.
Magnolia Oil and Gas Corporation (NYSE:MGY)
Share Price Gains Between Mar. 3 and Mar. 10: 6.29%
Magnolia Oil & Gas Corporation (NYSE:MGY) is an independent oil producer with assets located in the Eagle Ford Shale and Austin Chalk formations in South Texas.
Magnolia Oil & Gas Corporation (NYSE:MGY) posted a revenue of $326.6 million in Q4 2024, up 1.23% YoY and above market expectations by $1.39 million. The company’s adjusted EPS of $0.48 also beat analysts’ estimates by $0.03. MGY also achieved record quarterly production volume in Q4 2024, reaching 93,100 barrels of oil equivalent per day (boed). Moreover, the company reported a 9% uptick in annual total production for the second consecutive year, with oil production growth exceeding expectations at 11%.
Overall, MGY ranks 9th on our list of energy stocks that are gaining this week. While we acknowledge the potential for MGY, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MGY but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
