Magnolia Oil & Gas Co. (NYSE:MGY) to Post Q4 2024 Earnings of $0.52 Per Share, Zacks Research Forecasts

Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) - Zacks Research decreased their Q4 2024 earnings per share (EPS) estimates for shares of Magnolia Oil & Gas in a report released on Monday, September 2nd. Zacks Research analyst N. Choudhury now anticipates that the company will post earnings per share of $0.52 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 - Get Free Report) last posted its earnings results on Wednesday, July 31st. The company reported $0.56 earnings per share 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 for the quarter, compared to analyst estimates of $340.72 million.

Several other analysts have also recently weighed in on MGY. Susquehanna lowered their price target on Magnolia Oil & Gas from $33.00 to $32.00 and set a "positive" rating on the stock in a report on Wednesday. Mizuho lifted their price objective on shares of Magnolia Oil & Gas from $26.00 to $28.00 and gave the stock a "neutral" rating in a report on Monday, May 13th. Truist Financial upped their price objective on Magnolia Oil & Gas from $34.00 to $35.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. Benchmark restated a "hold" rating on shares of Magnolia Oil & Gas in a research report on Thursday, July 18th. Finally, Capital One Financial initiated coverage on shares of Magnolia Oil & Gas in a research report on Tuesday, June 11th. They set an "overweight" rating and a $28.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $28.60.

Magnolia Oil & Gas Price Performance

Shares of Magnolia Oil & Gas stock traded down $0.19 during trading on Wednesday, hitting $24.12. The stock had a trading volume of 1,537,964 shares, compared to its average volume of 2,658,797. The firm has a market cap of $4.89 billion, a price-to-earnings ratio of 12.11, a P/E/G ratio of 1.22 and a beta of 2.02. Magnolia Oil & Gas has a 12 month low of $19.16 and a 12 month high of $27.63. The business's 50-day moving average is $25.51 and its 200 day moving average is $25.11. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.21.

Magnolia Oil & Gas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th were paid a dividend of $0.13 per share. The ex-dividend date was Friday, August 9th. This represents a $0.52 annualized dividend and a dividend yield of 2.16%. Magnolia Oil & Gas's dividend payout ratio (DPR) is presently 25.87%.

Institutional Trading of Magnolia Oil & Gas

Large investors have recently added to or reduced their stakes in the stock. Truist Financial Corp raised its stake in Magnolia Oil & Gas by 1.3% in the fourth quarter. Truist Financial Corp now owns 122,272 shares of the company's stock worth $2,603,000 after buying an additional 1,521 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Magnolia Oil & Gas by 72.9% in the 4th quarter. Russell Investments Group Ltd. now owns 264,677 shares of the company's stock valued at $5,635,000 after purchasing an additional 111,558 shares during the period. Los Angeles Capital Management LLC grew its stake in Magnolia Oil & Gas by 280.6% in the fourth quarter. Los Angeles Capital Management LLC now owns 48,635 shares of the company's stock worth $1,035,000 after purchasing an additional 35,856 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Magnolia Oil & Gas by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,782,465 shares of the company's stock worth $37,949,000 after purchasing an additional 46,510 shares in the last quarter. Finally, TimesSquare Capital Management LLC boosted its holdings in shares of Magnolia Oil & Gas by 10.1% during the 4th quarter. TimesSquare Capital Management LLC now owns 884,709 shares of the company's stock valued at $18,835,000 after buying an additional 81,130 shares in the last quarter. Institutional investors own 94.73% of the company's stock.

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.