What is Zacks Research's Forecast for MGY FY2026 Earnings?

Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) - Stock analysts at Zacks Research decreased their FY2026 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 expects that the company will post earnings of $2.31 per share for the year, down from their prior forecast of $2.32. 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' Q4 2026 earnings at $0.62 EPS.

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 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 analyst estimates of $327.40 million.

MGY has been the topic of a number of other research reports. Truist Financial lifted their price objective on shares of Magnolia Oil & Gas from $33.00 to $34.00 and gave the stock a "buy" rating in a research report 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. JPMorgan Chase & Co. lowered their price objective on Magnolia Oil & Gas from $28.00 to $24.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Piper Sandler upped their target price on Magnolia Oil & Gas from $24.00 to $26.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Finally, Mizuho increased their price target on Magnolia Oil & Gas from $27.00 to $28.00 and gave the company a "neutral" rating in a research note on Monday, December 16th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $27.54.

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Magnolia Oil & Gas Stock Up 3.8 %

MGY traded up $0.76 on Monday, hitting $20.39. The company had a trading volume of 3,654,605 shares, compared to its average volume of 2,300,443. The stock has a market capitalization of $3.96 billion, a price-to-earnings ratio of 10.56, a P/E/G ratio of 3.01 and a beta of 1.57. The stock has a fifty day moving average price of $23.38 and a 200-day moving average price of $24.85. Magnolia Oil & Gas has a 12-month low of $19.09 and a 12-month high of $29.02. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.47 and a current ratio of 1.42.

Hedge Funds Weigh In On Magnolia Oil & Gas

Institutional investors and hedge funds have recently modified their holdings of the stock. Larson Financial Group LLC raised its position in Magnolia Oil & Gas by 112.3% during the fourth quarter. Larson Financial Group LLC now owns 1,072 shares of the company's stock valued at $25,000 after acquiring an additional 567 shares in the last quarter. Mather Group LLC. grew its stake in shares of Magnolia Oil & Gas by 100.0% during the 4th quarter. Mather Group LLC. now owns 1,090 shares of the company's stock worth $25,000 after purchasing an additional 545 shares during the period. R Squared Ltd purchased a new position in shares of Magnolia Oil & Gas during the 4th quarter valued at approximately $43,000. Quarry LP increased its holdings in shares of Magnolia Oil & Gas by 1,047.8% during the 4th quarter. Quarry LP now owns 2,135 shares of the company's stock valued at $50,000 after purchasing an additional 1,949 shares in the last quarter. Finally, Avior Wealth Management LLC lifted its stake in shares of Magnolia Oil & Gas by 30.0% in the 4th quarter. Avior Wealth Management LLC now owns 2,194 shares of the company's stock valued at $51,000 after purchasing an additional 506 shares during the period. Institutional investors and hedge funds own 94.73% of the company's stock.

Insider Buying and Selling

In related news, CEO Christopher G. Stavros purchased 2,500 shares of the business's stock in a transaction on Monday, March 3rd. The shares were bought at an average cost of $22.05 per share, with a total value of $55,125.00. Following the transaction, the chief executive officer now owns 892,372 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.20% of the stock is owned by corporate insiders.

Magnolia Oil & Gas Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.60 dividend on an annualized basis and a yield of 2.94%. This is a positive change from Magnolia Oil & Gas's previous quarterly dividend of $0.13. Magnolia Oil & Gas's dividend payout ratio is currently 31.09%.

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.