Q1 EPS Estimate for Magnolia Oil & Gas Increased by Analyst

Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) - Equities researchers at Zacks Research increased their Q1 2025 EPS estimates for Magnolia Oil & Gas in a research report issued to clients and investors on Thursday, April 3rd. Zacks Research analyst N. Choudhury now anticipates that the company will post earnings per share of $0.51 for the quarter, up from their prior estimate of $0.50. The consensus estimate for Magnolia Oil & Gas' current full-year earnings is $2.10 per share. Zacks Research also issued estimates for Magnolia Oil & Gas' Q1 2025 earnings at $0.51 EPS, Q2 2025 earnings at $0.50 EPS, Q2 2025 earnings at $0.50 EPS, Q3 2025 earnings at $0.54 EPS, Q3 2025 earnings at $0.54 EPS, FY2025 earnings at $2.11 EPS, FY2025 earnings at $2.11 EPS, Q1 2027 earnings at $0.56 EPS and FY2027 earnings at $2.35 EPS.

A number of other equities analysts have also recently commented on the stock. Bank of America reiterated a "neutral" rating and issued a $28.00 target price (down previously from $29.00) on shares of Magnolia Oil & Gas in a research report on Monday, January 13th. Mizuho raised their target price on shares of Magnolia Oil & Gas from $27.00 to $28.00 and gave the stock a "neutral" rating in a report on Monday, December 16th. JPMorgan Chase & Co. dropped their target price on shares of Magnolia Oil & Gas from $28.00 to $24.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Piper Sandler boosted their price target on Magnolia Oil & Gas from $24.00 to $26.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Finally, Citigroup cut their price objective on Magnolia Oil & Gas from $22.00 to $19.00 and set a "sell" rating on the stock in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $27.54.

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Magnolia Oil & Gas Price Performance

MGY stock traded up $1.62 during mid-day trading on Friday, hitting $21.22. 1,791,470 shares of the stock were exchanged, compared to its average volume of 2,271,357. The stock has a market capitalization of $4.12 billion, a price-to-earnings ratio of 10.99, a PEG ratio of 3.01 and a beta of 1.57. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.42 and a quick ratio of 1.47. Magnolia Oil & Gas has a 12 month low of $18.79 and a 12 month high of $29.02. The business has a fifty day moving average price of $23.60 and a 200 day moving average price of $24.97.

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

Magnolia Oil & Gas Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were issued 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 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date was Friday, February 14th. Magnolia Oil & Gas's dividend payout ratio is presently 31.09%.

Insider Activity at Magnolia Oil & Gas

In other news, CEO Christopher G. Stavros purchased 2,500 shares of the business's stock in a transaction on Monday, March 3rd. The stock was acquired at an average cost of $22.05 per share, for a total transaction of $55,125.00. Following the purchase, the chief executive officer now directly owns 892,372 shares in the company, valued at $19,676,802.60. This trade represents a 0.28 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.20% of the stock is currently owned by insiders.

Institutional Trading of Magnolia Oil & Gas

Several hedge funds have recently bought and sold shares of MGY. Parallel Advisors LLC increased its holdings in Magnolia Oil & Gas by 122.8% in the 1st quarter. Parallel Advisors LLC now owns 2,308 shares of the company's stock worth $58,000 after acquiring an additional 1,272 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Magnolia Oil & Gas by 2,696.6% in the first quarter. GAMMA Investing LLC now owns 63,706 shares of the company's stock worth $1,609,000 after purchasing an additional 61,428 shares in the last quarter. California State Teachers Retirement System raised its position in shares of Magnolia Oil & Gas by 2.5% during the 4th quarter. California State Teachers Retirement System now owns 166,704 shares of the company's stock valued at $3,898,000 after purchasing an additional 4,004 shares during the period. Phocas Financial Corp. raised its position in shares of Magnolia Oil & Gas by 2.2% during the 4th quarter. Phocas Financial Corp. now owns 119,349 shares of the company's stock valued at $2,790,000 after purchasing an additional 2,548 shares during the period. Finally, GF Fund Management CO. LTD. purchased a new position in shares of Magnolia Oil & Gas during the 4th quarter valued at $1,370,000. Institutional investors own 94.73% of the company's stock.

About Magnolia Oil & Gas

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.