FY2025 EPS Estimates for Magnolia Oil & Gas Cut by KeyCorp

Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) - KeyCorp cut their FY2025 earnings per share estimates for shares of Magnolia Oil & Gas in a report issued on Sunday, April 20th. KeyCorp analyst T. Rezvan now anticipates that the company will post earnings per share of $1.85 for the year, down from their previous forecast of $2.15. The consensus estimate for Magnolia Oil & Gas' current full-year earnings is $2.10 per share.

MGY has been the topic of several other research reports. The Goldman Sachs Group cut Magnolia Oil & Gas from a "buy" rating to a "neutral" rating and dropped their target price for the company from $27.00 to $26.00 in a research report on Friday, January 31st. Truist Financial raised their price objective on Magnolia Oil & Gas from $33.00 to $34.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Piper Sandler reduced their target price on shares of Magnolia Oil & Gas from $26.00 to $25.00 and set a "neutral" rating for the company in a report on Tuesday. Johnson Rice lowered shares of Magnolia Oil & Gas from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Magnolia Oil & Gas from $28.00 to $24.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, Magnolia Oil & Gas has an average rating of "Hold" and a consensus target price of $27.21.

Magnolia Oil & Gas Price Performance

NYSE MGY opened at $20.78 on Wednesday. The company has a market cap of $4.03 billion, a PE ratio of 10.77, a P/E/G ratio of 3.01 and a beta of 1.57. The firm's 50 day moving average price is $23.01 and its 200-day moving average price is $24.64. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.47 and a current ratio of 1.42. Magnolia Oil & Gas has a 52-week low of $19.09 and a 52-week high of $29.02.

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

Magnolia Oil & Gas Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were given a dividend of $0.15 per share. This is an increase from Magnolia Oil & Gas's previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a yield of 2.89%. The ex-dividend date was Friday, February 14th. Magnolia Oil & Gas's dividend payout ratio (DPR) is currently 31.09%.

Insider Activity

In other news, CEO Christopher G. Stavros purchased 2,500 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were purchased at an average cost of $22.05 per share, with a total value of $55,125.00. Following the completion of the acquisition, the chief executive officer now owns 892,372 shares of the company's stock, valued at approximately $19,676,802.60. This represents a 0.28 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.20% of the company's stock.

Institutional Investors Weigh In On Magnolia Oil & Gas

Hedge funds have recently modified their holdings of the company. Mather Group LLC. boosted its position in Magnolia Oil & Gas by 100.0% during the fourth quarter. Mather Group LLC. now owns 1,090 shares of the company's stock worth $25,000 after purchasing an additional 545 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of Magnolia Oil & Gas by 112.3% during the 4th quarter. Larson Financial Group LLC now owns 1,072 shares of the company's stock worth $25,000 after buying an additional 567 shares during the period. Opal Wealth Advisors LLC purchased a new position in shares of Magnolia Oil & Gas during the 1st quarter valued at approximately $30,000. R Squared Ltd acquired a new stake in Magnolia Oil & Gas in the 4th quarter valued at $43,000. Finally, Quarry LP increased its holdings in Magnolia Oil & Gas by 1,047.8% in the 4th quarter. Quarry LP now owns 2,135 shares of the company's stock worth $50,000 after acquiring an additional 1,949 shares in the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

Magnolia Oil & Gas Company Profile

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.

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