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

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) is projected to release its Q1 2025 earnings data after the market closes on Wednesday, April 30th. Analysts expect Magnolia Oil & Gas to post earnings of $0.54 per share and revenue of $337.83 million for the quarter.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.49 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 company had revenue of $326.61 million for the quarter, compared to analyst estimates of $327.40 million. On average, analysts expect Magnolia Oil & Gas to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Magnolia Oil & Gas Price Performance

NYSE MGY opened at $20.78 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.47 and a current ratio of 1.42. The stock has a market cap of $4.03 billion, a price-to-earnings ratio of 10.77, a PEG ratio of 3.01 and a beta of 1.57. The business has a 50 day simple moving average of $23.01 and a 200 day simple moving average of $24.64. Magnolia Oil & Gas has a 52-week low of $19.09 and a 52-week high of $29.02.

Magnolia Oil & Gas Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a $0.15 dividend. 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. This represents a $0.60 annualized dividend and a dividend yield of 2.89%. Magnolia Oil & Gas's dividend payout ratio (DPR) is currently 31.09%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on MGY shares. The Goldman Sachs Group downgraded Magnolia Oil & Gas from a "buy" rating to a "neutral" rating and lowered their target price for the company from $27.00 to $26.00 in a research report on Friday, January 31st. JPMorgan Chase & Co. dropped 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. Truist Financial raised their target price on shares of Magnolia Oil & Gas from $33.00 to $34.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Bank of America reaffirmed a "neutral" rating and set a $28.00 price target (down from $29.00) on shares of Magnolia Oil & Gas in a research report on Monday, January 13th. Finally, Piper Sandler decreased their price objective on shares of Magnolia Oil & Gas from $26.00 to $25.00 and set a "neutral" rating for the company in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $27.21.

Insiders Place Their Bets

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

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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