FY2026 EPS Estimates for Magnolia Oil & Gas Co. Increased by Capital One Financial (NYSE:MGY)

Magnolia Oil & Gas Co. (NYSE:MGY) – Equities research analysts at Capital One Financial lifted their FY2026 earnings per share (EPS) estimates for Magnolia Oil & Gas in a report released on Wednesday, October 9th. Capital One Financial analyst P. Johnston now forecasts that the company will earn $2.38 per share for the year, up from their prior forecast of $2.37. The consensus estimate for Magnolia Oil & Gas’ current full-year earnings is $1.99 per share.

A number of other brokerages have also recently issued reports on MGY. Truist Financial cut their price objective on shares of Magnolia Oil & Gas from $35.00 to $31.00 and set a “buy” rating for the company in a research note on Monday, September 30th. Wolfe Research initiated coverage on Magnolia Oil & Gas in a research note on Thursday, July 18th. They set an “outperform” rating and a $32.00 price objective on the stock. Piper Sandler lowered their target price on Magnolia Oil & Gas from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, August 15th. Benchmark restated a “hold” rating on shares of Magnolia Oil & Gas in a research report on Thursday, July 18th. Finally, JPMorgan Chase & Co. lowered their price objective on Magnolia Oil & Gas from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $27.27.

Magnolia Oil & Gas Stock Down 1.1 %

Shares of NYSE MGY opened at $26.75 on Monday. The stock has a market capitalization of $5.42 billion, a P/E ratio of 13.30, a PEG ratio of 1.35 and a beta of 1.99. Magnolia Oil & Gas has a one year low of $19.16 and a one year high of $27.63. The firm’s 50 day simple moving average is $24.94 and its two-hundred day simple moving average is $25.41. 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 (NYSE:MGY) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.51 by $0.05. The firm had revenue of $336.73 million for the quarter, compared to analyst estimates of $340.72 million. Magnolia Oil & Gas had a return on equity of 21.18% and a net margin of 29.44%.

Hedge Funds Weigh In On Magnolia Oil & Gas

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its holdings in shares of Magnolia Oil & Gas by 15.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 790,363 shares of the company’s stock valued at $16,827,000 after purchasing an additional 103,183 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Magnolia Oil & Gas by 33.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 53,570 shares of the company’s stock worth $1,141,000 after acquiring an additional 13,288 shares in the last quarter. Mather Group LLC. purchased a new stake in shares of Magnolia Oil & Gas in the first quarter worth $27,000. Oliver Luxxe Assets LLC increased its holdings in shares of Magnolia Oil & Gas by 2.7% during the first quarter. Oliver Luxxe Assets LLC now owns 44,618 shares of the company’s stock valued at $1,158,000 after acquiring an additional 1,179 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Magnolia Oil & Gas by 4.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,184,107 shares of the company’s stock worth $82,628,000 after purchasing an additional 142,717 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Insiders Place Their Bets

In other Magnolia Oil & Gas news, Director Ltd. Enervest sold 7,000,000 shares of Magnolia Oil & Gas 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 sale, the director now directly owns 2,099,403 shares of the company’s stock, valued at approximately $54,290,561.58. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.20% of the company’s stock.

Magnolia Oil & Gas Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders 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 1.94%. The ex-dividend date was Friday, August 9th. Magnolia Oil & Gas’s payout ratio is currently 25.87%.

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.