Magnolia Oil & Gas (MGY) Projected to Post Earnings on Tuesday

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) is expected to be releasing its earnings data after the market closes on Tuesday, February 18th. Analysts expect Magnolia Oil & Gas to post earnings of $0.46 per share and revenue of $327.40 million for the quarter. Persons that are interested in participating in the company's earnings conference call can do so using this link.

Magnolia Oil & Gas Stock Performance

Shares of Magnolia Oil & Gas stock traded up $0.27 during trading on Friday, reaching $23.45. The company's stock had a trading volume of 2,770,979 shares, compared to its average volume of 1,818,789. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.47 and a current ratio of 1.47. The business's fifty day moving average price is $24.38 and its 200-day moving average price is $25.27. The firm has a market cap of $4.61 billion, a price-to-earnings ratio of 11.61, a price-to-earnings-growth ratio of 2.85 and a beta of 1.98. Magnolia Oil & Gas has a one year low of $20.66 and a one year high of $29.02.

Magnolia Oil & Gas Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from Magnolia Oil & Gas's previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.56%. Magnolia Oil & Gas's payout ratio is presently 25.74%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MGY. Piper Sandler lifted their price objective on Magnolia Oil & Gas from $24.00 to $26.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Johnson Rice downgraded Magnolia Oil & Gas from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Truist Financial lifted their target price on Magnolia Oil & Gas from $33.00 to $34.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. Bank of America reissued 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. Finally, Mizuho lifted their target price 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 stock. Based on data from MarketBeat, Magnolia Oil & Gas has a consensus rating of "Hold" and a consensus price target of $27.58.

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.