You should consider shares of Companhia de Saneamento Basico do Estado de Sao Paulo – SABESP (NYSE:SBS) and Magnolia Oil & Gas Corporation (NYSE:MGY) if you are looking for a great stocks to invest in. Starting with the SBS shares, which traded at $13.56 at the close of the recent session, dropping -0.44%. On Tuesday, the company’s shares shed -$0.06 from its value which represented in intraday trading. The stock is now 92.31% higher in year-to-date (YTD) trading. SBS’s intraday high was $13.73 while its lowest price touched $13.54. The stock’s 52-week high price is $14.60, which means the current price is at -7.09%. In terms of trading activity, the daily trading volume fell to 1253636 against 200-day average trading volume of 1,779,818 shares.
What are analyst forecasts for Companhia de Saneamento Basico do Estado de Sao Paulo – SABESP (NYSE:SBS)?
At a consensus rating of 2.00, SBS is trending as a streaking Moderate Sell, as it has been the case a month ago when 2 analysts called it a Moderate Sell. Two months ago, 2 analysts recommended, on average, that SBS stock is a Moderate Sell. The Utilities company’s shares’ overall bearish trend saw it close higher on Tuesday compared to its opening price of $13.61 on the day.
Forecasts for Companhia de Saneamento Basico do Estado de Sao Paulo – SABESP (NYSE:SBS) give the stock a fair value for the growth of 1.45% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $13.76, which means the price per share could rise by nearly $0.2. The price range target is between a low of $9.02 and a high of $15.28. The stock would need to gain by about $11.26 to hit the estimated high or 0.51% from its 12-month low.
The consensus among 6 analysts is that it is a good time for one to Overweight in the Companhia de Saneamento Basico do Estado de Sao Paulo – SABESP. 4 analysts rate SBS as a Buy, with 0 of 6 analysts rate it as a Sell. 0 have valued the stock as Overweight and 2 have recommended that investors Hold.
Companhia de Saneamento Basico do Estado de Sao Paulo – SABESP (NYSE:SBS) Upgrades and Downgrades
In terms of rating changes, Goldman on November 14, 2019, Initiated Companhia de Saneamento Basico do Estado de Sao Paulo – SABESP (SBS) at Neutral. Analysts at Citigroup have assigned a Sell rating for the stock in their research note on January 16, 2019. Moreover, Citigroup analysts issued a rating of Neutral for the stock on May 14, 2018. On April 04, 2018, the stock earned a Neutral rating due to an analyst call from JP Morgan, while analysts from Janney on March 12, 2018 suggested that the stock is Neutral.
Magnolia Oil & Gas Corporation (NYSE:MGY) adds -$0.15 on Tuesday
The MGY stock has tanked -1.52% year-to-date and is currently trading at $11.04, which is -21.87% below its 52-week high. The company shares lost -1.34% on the day and have risen nearly 19.16% off a low hit. At current levels, Magnolia Oil & Gas Corporation has a valuation of about $961.10M. As of 12/03/19, this stock has fallen -4.75% during the week and closed at $11.19 in the previous session. However, recent Magnolia Oil & Gas Corporation stock performance shows that MGY shares are 8.77% up over the last month, and 7.39% up for the last three months.
Earnings per share (EPS) estimates for the current quarter are $0.29, with the trailing 12-month share earnings at $0.45. The ratio is expected to be down by -79.10% for the current year 2019 and 2.90% for next year. Over the next 5-year period, earnings per share will be -31.12%. But will the MGY stock surprise in the current quarter results, where the $0.05 actual EPS reported on 9/29/2019 surprised by -44.40% or was lower by -$0.04 from the estimated $0.09.
Sales Growth to climb 4.40% for the year
How well will Magnolia Oil & Gas Corporation perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $232M and $264M in current quarter sales. The consensus estimated for the current quarter is $245.36M from sales. Forecasts for this fiscal year are between $938M and $970M and the consensus estimate for sales is at $953M. MGY has its next quarter sales estimates at between $223M and $268M, with the quarter-over-quarter growth estimates at 8.20% and the annual growth forecast for the year at 4.40%.
Who owns shares in Magnolia Oil & Gas Corporation (MGY)?
Let’s briefly focus on the share ownership of the Magnolia Oil & Gas Corporation (NYSE:MGY) stock, where we find that 102.58% of shares are held by institutions. EnerVest Limited tops the list of institutional owners as it is holding 34.89 million shares or 20.86% of shares outstanding. FMR, LLC and Davis Selected Advisers, LP held 25.12 million and 12.21 million representing 15.02% and 7.30% respectively at the close of the last trading session. As of Sep 29, 2019, Price (T.Rowe) Associates Inc accounted for 11.43 million shares at over 126.91 million. This represented 6.83% of shares outstanding. Vanguard Group, Inc. (The) held 10.79 million shares at over 119.75 million representing 6.45% of shares outstanding.
MGY Insider Activity
Insider activity can also give a signal in terms of price direction. Looking at Magnolia Oil & Gas Corporation (MGY), a total of 496826 shares have been sold by insiders over the last 6 months while 2770968 shares were added in the same time span. On 11/25/2019, Director by the name Macdougall Michael G sold 50000.0 shares worth $580500.0 at the price of $11.61 per share. Filings also show that Macdougall Michael G sold a total of 50000.0 shares on 11/21/2019 valued at $578500.0. Since the last insider activity, the company’s share price has dropped -3.53%.