Q4 EPS Estimate for Magnolia Oil & Gas Lowered by Analyst

Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) - Research analysts at Zacks Research lowered their Q4 2024 earnings per share (EPS) estimates for shares of Magnolia Oil & Gas in a note issued to investors on Monday, February 17th. Zacks Research analyst N. Choudhury now expects that the company will earn $0.41 per share for the quarter, down from their previous forecast of $0.42. The consensus estimate for Magnolia Oil & Gas' current full-year earnings is $2.08 per share. Zacks Research also issued estimates for Magnolia Oil & Gas' Q4 2025 earnings at $0.51 EPS, FY2025 earnings at $1.89 EPS, Q1 2026 earnings at $0.47 EPS, Q2 2026 earnings at $0.50 EPS, Q3 2026 earnings at $0.58 EPS, Q4 2026 earnings at $0.62 EPS and FY2026 earnings at $2.16 EPS.

MGY has been the subject of several other research reports. Bank of America restated a "neutral" rating and set a $28.00 target price (down previously from $29.00) on shares of Magnolia Oil & Gas in a research note on Monday, January 13th. Truist Financial upped their price target on Magnolia Oil & Gas from $33.00 to $34.00 and gave the company a "buy" rating in a report on Monday, January 13th. Johnson Rice cut Magnolia Oil & Gas from a "moderate buy" rating to a "hold" rating in a report on Tuesday, January 28th. Mizuho upped their price target on Magnolia Oil & Gas from $27.00 to $28.00 and gave the company a "neutral" rating in a report on Monday, December 16th. Finally, Piper Sandler upped 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. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $27.58.

Magnolia Oil & Gas Stock Performance

NYSE:MGY traded down $0.57 during mid-day trading on Thursday, hitting $24.04. 2,633,660 shares of the company's stock traded hands, compared to its average volume of 1,977,937. The firm has a 50 day moving average of $24.22 and a two-hundred day moving average of $25.22. Magnolia Oil & Gas has a 12 month low of $21.49 and a 12 month high of $29.02. The firm has a market capitalization of $4.72 billion, a price-to-earnings ratio of 12.45, a price-to-earnings-growth ratio of 3.01 and a beta of 1.98. The company has a current ratio of 1.42, a quick ratio of 1.47 and a debt-to-equity ratio of 0.20.

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 for the quarter, beating the consensus estimate 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 firm had revenue of $326.61 million during the quarter, compared to the consensus estimate of $327.40 million.

Magnolia Oil & Gas Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a $0.15 dividend. The ex-dividend date is Friday, February 14th. This is a boost 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 2.50%. Magnolia Oil & Gas's dividend payout ratio is presently 31.09%.

Hedge Funds Weigh In On Magnolia Oil & Gas

A number of hedge funds have recently modified their holdings of the stock. First Horizon Advisors Inc. raised its holdings in shares of Magnolia Oil & Gas by 64.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,008 shares of the company's stock worth $25,000 after buying an additional 396 shares in the last quarter. Albert D Mason Inc. grew its position in Magnolia Oil & Gas by 0.7% during the 4th quarter. Albert D Mason Inc. now owns 61,497 shares of the company's stock worth $1,438,000 after acquiring an additional 411 shares during the last quarter. Isthmus Partners LLC grew its position in Magnolia Oil & Gas by 5.2% during the 4th quarter. Isthmus Partners LLC now owns 9,320 shares of the company's stock worth $218,000 after acquiring an additional 460 shares during the last quarter. OneDigital Investment Advisors LLC grew its position in Magnolia Oil & Gas by 3.0% during the 4th quarter. OneDigital Investment Advisors LLC now owns 15,768 shares of the company's stock worth $369,000 after acquiring an additional 464 shares during the last quarter. Finally, Jennison Associates LLC grew its position in Magnolia Oil & Gas by 2.2% during the 3rd quarter. Jennison Associates LLC now owns 23,836 shares of the company's stock worth $582,000 after acquiring an additional 506 shares during the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

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.