Zacks Research Has Pessimistic Outlook of MGY Q4 Earnings

Magnolia Oil & Gas Co. (NYSE:MGY) – Equities research analysts at Zacks Research decreased their Q4 2024 EPS estimates for Magnolia Oil & Gas in a research report issued on Wednesday, November 13th. Zacks Research analyst N. Choudhury now expects that the company will earn $0.41 per share for the quarter, down from their prior estimate of $0.46. The consensus estimate for Magnolia Oil & Gas’ current full-year earnings is $1.99 per share. Zacks Research also issued estimates for Magnolia Oil & Gas’ Q2 2025 earnings at $0.46 EPS, Q3 2025 earnings at $0.48 EPS, FY2025 earnings at $1.91 EPS, Q2 2026 earnings at $0.50 EPS, Q3 2026 earnings at $0.57 EPS and FY2026 earnings at $2.15 EPS.

Magnolia Oil & Gas (NYSE:MGY) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.04. The firm had revenue of $333.14 million during the quarter, compared to analysts’ expectations of $331.45 million. Magnolia Oil & Gas had a return on equity of 20.78% and a net margin of 28.88%.

MGY has been the topic of a number of other research reports. Truist Financial increased their price target on Magnolia Oil & Gas from $31.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Piper Sandler reduced their target price on Magnolia Oil & Gas from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, August 15th. Mizuho cut their target price on shares of Magnolia Oil & Gas from $28.00 to $27.00 and set a “neutral” rating on the stock in a report on Monday, September 16th. Benchmark restated a “hold” rating on shares of Magnolia Oil & Gas in a research report on Tuesday, October 15th. Finally, Wells Fargo & Company lowered Magnolia Oil & Gas from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $26.00 to $22.00 in a report on Tuesday, October 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Magnolia Oil & Gas presently has an average rating of “Hold” and an average target price of $27.67.

Magnolia Oil & Gas Trading Down 1.5 %

Shares of NYSE MGY opened at $26.84 on Friday. Magnolia Oil & Gas has a fifty-two week low of $19.16 and a fifty-two week high of $27.96. The firm has a market capitalization of $5.28 billion, a P/E ratio of 13.29, a P/E/G ratio of 1.38 and a beta of 1.99. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.47 and a quick ratio of 1.47. The company’s 50 day simple moving average is $25.69 and its 200 day simple moving average is $25.42.

Magnolia Oil & Gas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 8th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date is Friday, November 8th. Magnolia Oil & Gas’s dividend payout ratio is presently 25.74%.

Insider Transactions at Magnolia Oil & Gas

In other Magnolia Oil & Gas news, Director Ltd. Enervest sold 7,000,000 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $25.86, for a total transaction of $181,020,000.00. Following the transaction, the director now owns 2,099,403 shares of the company’s stock, valued at $54,290,561.58. The trade was a 76.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Magnolia Oil & Gas

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Magnolia Oil & Gas by 16.6% in the first quarter. Vanguard Group Inc. now owns 20,757,369 shares of the company’s stock valued at $538,654,000 after purchasing an additional 2,956,314 shares during the last quarter. Oliver Luxxe Assets LLC increased its stake in shares of Magnolia Oil & Gas by 80.6% during the third quarter. Oliver Luxxe Assets LLC now owns 87,624 shares of the company’s stock worth $2,140,000 after purchasing an additional 39,098 shares during the period. Argent Capital Management LLC lifted its holdings in Magnolia Oil & Gas by 56.8% during the 2nd quarter. Argent Capital Management LLC now owns 29,111 shares of the company’s stock worth $738,000 after purchasing an additional 10,547 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in Magnolia Oil & Gas by 740.3% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 157,757 shares of the company’s stock valued at $4,092,000 after purchasing an additional 138,982 shares during the period. Finally, Comerica Bank grew its holdings in Magnolia Oil & Gas by 38.8% in the 1st quarter. Comerica Bank now owns 172,569 shares of the company’s stock valued at $4,478,000 after buying an additional 48,228 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Magnolia Oil & Gas Company Profile

Magnolia Oil & Gas Corporation, an independent oil and natural gas company, engages in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids reserves in the United States. Its properties are located primarily in Karnes County and the Giddings area in South Texas principally comprising the Eagle Ford Shale and the Austin Chalk formation.