Magnolia Oil & Gas Corp MGY
$28.14 $0.08 (0.28%) 1D
Last Updated: Aug 21, 12:00 AM·NYSE
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MGY Shariah Compliance
Screening Methodology: AAOIFI
As of August 2026, Magnolia Oil & Gas Corp is classified as halal.
HALAL
Report Source: undefined Quarter Report
Magnolia Oil & Gas Corp. Stock Analysis MGY
United States Energy Mid Cap Magnolia Oil & Gas Corp. engages in the acquisition, development, exploration, and production of oil and natural gas properties. The company is headquartered in Houston, Texas and currently employs 262 full-time employees. The company went IPO on 2017-06-26. The Company’s oil and natural gas properties are located primarily in the Karnes and Giddings areas in South Texas. Its assets consist of a total leasehold position of approximately 817,907 gross (604,057 net) acres, including 79,067 gross (54,936 net) acres in the Karnes area and 738,840 gross (549,121 net) acres in the Giddings area. The Giddings area is comprised of oil and natural gas assets primarily located in Brazos, Burleson, Fayette, Grimes, Lee, Milam, Robertson, and Washington Counties, Texas. The Karnes area is comprised of oil and natural gas assets primarily located in Karnes, Dimmit, Gonzales, and Zavala Counties, Texas, in the core of the Eagle Ford Shale. The acreage comprising the Karnes area also includes the Austin Chalk formation overlying the Eagle Ford Shale.
Magnolia Oil & Gas Corp (MGY) Chart
Financial Metrics & Statements of Magnolia Oil & Gas Corp (MGY)
FAQ's for Magnolia Oil & Gas Corp (MGY)
- As of August 2026, Magnolia Oil & Gas Corp MGY is classified as halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Magnolia Oil & Gas Corp using these criteria to determine its compliance status.
- Muslim investors may consider investing in Magnolia Oil & Gas Corp if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
- Musaffa determines the Shariah status of Magnolia Oil & Gas Corp by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
- The Shariah compliance status of Magnolia Oil & Gas Corp may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
- You can check the latest Shariah compliance status of Magnolia Oil & Gas Corp on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Related Halal Stocks to Magnolia Oil & Gas Corp (MGY)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
