Magnolia Oil & Gas Co. (NYSE:MGY) Expected to Earn Q4 2024 Earnings of $0.52 Per Share

Magnolia Oil & Gas Co. (NYSE:MGY) – Research analysts at Zacks Research decreased their Q4 2024 earnings estimates for shares of Magnolia Oil & Gas in a research report issued on Monday, September 2nd. Zacks Research analyst N. Choudhury now anticipates that the company will post earnings of $0.52 per share for the quarter, down from their previous forecast of $0.54. The consensus estimate for Magnolia Oil & Gas’ current full-year earnings is $2.13 per share. Zacks Research also issued estimates for Magnolia Oil & Gas’ Q2 2025 earnings at $0.53 EPS, Q3 2025 earnings at $0.56 EPS, Q4 2025 earnings at $0.54 EPS, FY2025 earnings at $2.16 EPS, Q1 2026 earnings at $0.53 EPS, Q2 2026 earnings at $0.57 EPS and FY2026 earnings at $2.41 EPS.

Magnolia Oil & Gas (NYSE:MGY) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.05. Magnolia Oil & Gas had a net margin of 29.44% and a return on equity of 21.18%. The business had revenue of $336.73 million during the quarter, compared to analyst estimates of $340.72 million.

A number of other analysts have also recently issued reports on MGY. Susquehanna lifted their target price on shares of Magnolia Oil & Gas from $31.00 to $33.00 and gave the company a “positive” rating in a research note on Monday, July 22nd. Bank of America lifted their price objective on shares of Magnolia Oil & Gas from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Piper Sandler cut 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. Wolfe Research began coverage on Magnolia Oil & Gas in a research note on Thursday, July 18th. They set an “outperform” rating and a $32.00 price target for the company. Finally, Mizuho raised their price objective on Magnolia Oil & Gas from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $28.70.

Magnolia Oil & Gas Stock Down 5.1 %

Shares of Magnolia Oil & Gas stock opened at $24.31 on Wednesday. The stock has a 50-day simple moving average of $25.51 and a 200-day simple moving average of $25.11. Magnolia Oil & Gas has a 52-week low of $19.16 and a 52-week high of $27.63. The firm has a market cap of $4.93 billion, a price-to-earnings ratio of 12.09, a P/E/G ratio of 1.22 and a beta of 2.02. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.28 and a quick ratio of 1.28.

Magnolia Oil & Gas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, August 9th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend was Friday, August 9th. Magnolia Oil & Gas’s dividend payout ratio (DPR) is currently 25.87%.

Hedge Funds Weigh In On Magnolia Oil & Gas

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake 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 buying an additional 2,956,314 shares during the period. Principal Financial Group Inc. raised its stake in shares of Magnolia Oil & Gas by 2,799.2% in the 1st quarter. Principal Financial Group Inc. now owns 1,881,039 shares of the company’s stock valued at $48,813,000 after buying an additional 1,816,158 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Magnolia Oil & Gas by 20.2% during the 4th quarter. First Trust Advisors LP now owns 10,126,891 shares of the company’s stock worth $215,602,000 after acquiring an additional 1,704,982 shares during the period. Ranger Investment Management L.P. acquired a new position in Magnolia Oil & Gas in the fourth quarter worth about $25,226,000. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in Magnolia Oil & Gas during the first quarter valued at approximately $30,161,000. 94.73% of the stock is currently owned by institutional investors and hedge funds.

About Magnolia Oil & Gas

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.