Zacks Research Issues Pessimistic Estimate for MGY Earnings

Magnolia Oil & Gas Co. (NYSE:MGY) – Research analysts at Zacks Research decreased their Q4 2024 EPS estimates for shares of Magnolia Oil & Gas in a research note issued on Monday, February 17th. Zacks Research analyst N. Choudhury now expects that the company will post earnings of $0.41 per share for the quarter, down from their prior estimate of $0.42. The consensus estimate for Magnolia Oil & Gas’ current full-year earnings is $2.08 per share. Zacks Research also issued estimates for Magnolia Oil & Gas’ Q4 2025 earnings at $0.51 EPS, FY2025 earnings at $1.89 EPS, Q1 2026 earnings at $0.47 EPS, Q2 2026 earnings at $0.50 EPS, Q3 2026 earnings at $0.58 EPS, Q4 2026 earnings at $0.62 EPS and FY2026 earnings at $2.16 EPS.

Magnolia Oil & Gas (NYSE:MGY) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. Magnolia Oil & Gas had a return on equity of 20.85% and a net margin of 27.82%. The company had revenue of $326.61 million for the quarter, compared to analysts’ expectations of $327.40 million.

MGY has been the subject of a number of other reports. Piper Sandler increased their target price on Magnolia Oil & Gas from $24.00 to $26.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Truist Financial raised their price objective on shares of Magnolia Oil & Gas from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Bank of America reiterated a “neutral” rating and set a $28.00 target price (down from $29.00) on shares of Magnolia Oil & Gas in a research report on Monday, January 13th. The Goldman Sachs Group cut shares of Magnolia Oil & Gas from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $27.00 to $26.00 in a research report on Friday, January 31st. Finally, Mizuho increased their price target on Magnolia Oil & Gas from $27.00 to $28.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Magnolia Oil & Gas currently has a consensus rating of “Hold” and an average price target of $27.58.

Magnolia Oil & Gas Trading Up 1.4 %

Shares of Magnolia Oil & Gas stock opened at $24.58 on Thursday. The firm has a market cap of $4.83 billion, a price-to-earnings ratio of 12.74, a PEG ratio of 2.96 and a beta of 1.98. The business has a 50-day moving average price of $24.24 and a 200-day moving average price of $25.22. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.20. Magnolia Oil & Gas has a twelve month low of $21.49 and a twelve month high of $29.02.

Institutional Trading of Magnolia Oil & Gas

A number of institutional investors have recently bought and sold shares of the stock. Creative Planning lifted its holdings in shares of Magnolia Oil & Gas by 8.3% during the third quarter. Creative Planning now owns 68,878 shares of the company’s stock worth $1,682,000 after purchasing an additional 5,289 shares during the period. Moody Aldrich Partners LLC grew its position in shares of Magnolia Oil & Gas by 15.2% during the 3rd quarter. Moody Aldrich Partners LLC now owns 309,433 shares of the company’s stock valued at $7,556,000 after acquiring an additional 40,747 shares during the period. Argent Capital Management LLC grew its position in shares of Magnolia Oil & Gas by 35.0% during the 3rd quarter. Argent Capital Management LLC now owns 39,290 shares of the company’s stock valued at $959,000 after acquiring an additional 10,179 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of Magnolia Oil & Gas by 6.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,364 shares of the company’s stock valued at $351,000 after buying an additional 889 shares in the last quarter. Finally, Boston Trust Walden Corp raised its position in Magnolia Oil & Gas by 4.4% during the third quarter. Boston Trust Walden Corp now owns 2,823,126 shares of the company’s stock worth $68,941,000 after acquiring an additional 119,582 shares during the period. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Magnolia Oil & Gas Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.44%. The ex-dividend date is Friday, February 14th. This is an increase from Magnolia Oil & Gas’s previous quarterly dividend of $0.13. Magnolia Oil & Gas’s dividend payout ratio (DPR) is currently 31.09%.

About Magnolia Oil & Gas

Magnolia Oil & Gas Corp. engages in the acquisition, development, exploration, and production of oil and natural gas properties. It operates assets located in the Eagle Ford Shale and Austin Chalk formations in South Texas. The company was founded on February 14, 2017 and is headquartered in Houston, TX.