Zacks Research Issues Positive Forecast for MGY Earnings

Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) - Zacks Research increased their Q1 2025 EPS estimates for shares of Magnolia Oil & Gas in a report released on Wednesday, November 13th. Zacks Research analyst N. Choudhury now anticipates that the company will post earnings per share of $0.48 for the quarter, up from their previous forecast of $0.47. The consensus estimate for Magnolia Oil & Gas' current full-year earnings is $1.99 per share. Zacks Research also issued estimates for Magnolia Oil & Gas' Q1 2026 earnings at $0.48 EPS.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.04. Magnolia Oil & Gas had a return on equity of 20.78% and a net margin of 28.88%. The business had revenue of $333.14 million for the quarter, compared to analyst estimates of $331.45 million.

Other research analysts have also recently issued reports about the stock. Bank of America raised their target price on shares of Magnolia Oil & Gas from $28.00 to $29.00 and gave the stock a "buy" rating in a report on Tuesday, July 23rd. Wells Fargo & Company downgraded Magnolia Oil & Gas from an "equal weight" rating to an "underweight" rating and dropped their target price for the company from $26.00 to $22.00 in a research report on Tuesday, October 1st. Benchmark reissued a "hold" rating on shares of Magnolia Oil & Gas in a research note on Tuesday, October 15th. Mizuho lowered their price target on shares of Magnolia Oil & Gas from $28.00 to $27.00 and set a "neutral" rating for the company in a report on Monday, September 16th. Finally, Truist Financial raised their target price on Magnolia Oil & Gas from $31.00 to $33.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $27.67.

Magnolia Oil & Gas Stock Up 2.2 %

Shares of Magnolia Oil & Gas stock traded up $0.60 on Monday, reaching $27.45. 1,395,252 shares of the company were exchanged, compared to its average volume of 2,500,038. The company has a market capitalization of $5.40 billion, a price-to-earnings ratio of 13.63, a PEG ratio of 1.37 and a beta of 1.99. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.20. Magnolia Oil & Gas has a one year low of $19.16 and a one year high of $27.96. The company has a 50-day moving average of $25.69 and a 200 day moving average of $25.43.

Institutional Investors Weigh In On Magnolia Oil & Gas

Several large investors have recently modified their holdings of the stock. US Bancorp DE lifted its holdings in Magnolia Oil & Gas by 348.7% during the first quarter. US Bancorp DE now owns 25,576 shares of the company's stock valued at $664,000 after purchasing an additional 19,876 shares during the last quarter. ProShare Advisors LLC raised its holdings in Magnolia Oil & Gas by 20.6% during the 1st quarter. ProShare Advisors LLC now owns 35,851 shares of the company's stock valued at $930,000 after acquiring an additional 6,130 shares during the period. State Board of Administration of Florida Retirement System lifted its position in shares of Magnolia Oil & Gas by 41.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 74,263 shares of the company's stock worth $1,927,000 after acquiring an additional 21,900 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Magnolia Oil & Gas by 16.6% in the first quarter. Vanguard Group Inc. now owns 20,757,369 shares of the company's stock worth $538,654,000 after acquiring an additional 2,956,314 shares during the period. Finally, Bessemer Group Inc. raised its stake in shares of Magnolia Oil & Gas by 7.2% during the 1st quarter. Bessemer Group Inc. now owns 628,409 shares of the company's stock valued at $16,308,000 after purchasing an additional 42,154 shares during the period. Hedge funds and other institutional investors own 94.73% of the company's stock.

Insider Buying and Selling

In related news, Director Ltd. Enervest sold 7,000,000 shares of the business's stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $25.86, for a total value of $181,020,000.00. Following the transaction, 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 76.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.20% of the stock is owned by corporate insiders.

Magnolia Oil & Gas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 8th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Friday, November 8th. Magnolia Oil & Gas's payout ratio is currently 25.74%.

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.