Research Analysts Issue Forecasts for MGY FY2026 Earnings

Magnolia Oil & Gas Co. (NYSE:MGY) – Equities research analysts at Capital One Financial raised their FY2026 earnings per share estimates for shares of Magnolia Oil & Gas in a research note issued to investors on Thursday, March 20th. Capital One Financial analyst P. Johnston now expects that the company will post earnings per share of $2.51 for the year, up from their prior estimate of $2.45. The consensus estimate for Magnolia Oil & Gas’ current full-year earnings is $2.10 per share.

Other equities analysts have also issued reports about the company. Mizuho lifted their price objective on Magnolia Oil & Gas from $27.00 to $28.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. Piper Sandler lifted their price objective on Magnolia Oil & Gas from $24.00 to $26.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price objective on Magnolia Oil & Gas from $28.00 to $24.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Williams Trading set a $29.00 price objective on Magnolia Oil & Gas in a research note on Wednesday, March 5th. Finally, Johnson Rice downgraded Magnolia Oil & Gas from a “moderate buy” rating to a “hold” rating in a report on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Magnolia Oil & Gas presently has an average rating of “Hold” and a consensus price target of $27.77.

Magnolia Oil & Gas Stock Down 1.2 %

Shares of NYSE:MGY opened at $25.03 on Monday. The stock’s 50-day moving average price is $24.16 and its two-hundred day moving average price is $25.02. The company has a current ratio of 1.42, a quick ratio of 1.47 and a debt-to-equity ratio of 0.20. Magnolia Oil & Gas has a 12-month low of $21.63 and a 12-month high of $29.02. The firm has a market cap of $4.86 billion, a price-to-earnings ratio of 12.97, a PEG ratio of 3.01 and a beta of 1.90.

Magnolia Oil & Gas (NYSE:MGY) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. Magnolia Oil & Gas had a return on equity of 20.74% and a net margin of 27.82%. The firm had revenue of $326.61 million for the quarter, compared to analyst estimates of $327.40 million.

Magnolia Oil & Gas Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.40%. This is an increase from Magnolia Oil & Gas’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Friday, February 14th. Magnolia Oil & Gas’s payout ratio is 31.09%.

Insider Activity

In other news, CEO Christopher G. Stavros acquired 2,500 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was acquired at an average price of $22.05 per share, for a total transaction of $55,125.00. Following the completion of the acquisition, the chief executive officer now directly owns 892,372 shares in the company, valued at $19,676,802.60. This represents a 0.28 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.20% of the company’s stock.

Institutional Trading of Magnolia Oil & Gas

Several institutional investors have recently modified their holdings of MGY. First Horizon Advisors Inc. lifted its holdings in shares of Magnolia Oil & Gas by 64.7% in the third quarter. First Horizon Advisors Inc. now owns 1,008 shares of the company’s stock valued at $25,000 after buying an additional 396 shares during the period. Mather Group LLC. lifted its holdings in shares of Magnolia Oil & Gas by 100.0% in the fourth quarter. Mather Group LLC. now owns 1,090 shares of the company’s stock valued at $25,000 after buying an additional 545 shares during the period. Larson Financial Group LLC lifted its holdings in shares of Magnolia Oil & Gas by 112.3% in the fourth quarter. Larson Financial Group LLC now owns 1,072 shares of the company’s stock valued at $25,000 after buying an additional 567 shares during the period. R Squared Ltd acquired a new stake in shares of Magnolia Oil & Gas in the fourth quarter valued at $43,000. Finally, Quarry LP lifted its holdings in shares of Magnolia Oil & Gas by 1,047.8% in the fourth quarter. Quarry LP now owns 2,135 shares of the company’s stock valued at $50,000 after buying an additional 1,949 shares during the period. Institutional investors and hedge funds own 94.73% of the company’s stock.

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.