Zacks Research Issues Pessimistic Estimate for MGY Earnings

Magnolia Oil & Gas Co. (NYSE:MGY) – Investment analysts at Zacks Research cut their Q1 2025 earnings per share estimates for Magnolia Oil & Gas in a research note issued on Monday, February 17th. Zacks Research analyst N. Choudhury now expects that the company will earn $0.46 per share for the quarter, down from their prior estimate of $0.47. The consensus estimate for Magnolia Oil & Gas’ current full-year earnings is $1.97 per share.

Magnolia Oil & Gas (NYSE:MGY) last released its earnings results on Tuesday, February 18th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. Magnolia Oil & Gas had a return on equity of 20.78% and a net margin of 28.88%.

MGY has been the topic of a number of other reports. Mizuho increased their target price on Magnolia Oil & Gas from $27.00 to $28.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. Truist Financial increased their target price on Magnolia Oil & Gas from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. The Goldman Sachs Group cut Magnolia Oil & Gas from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $27.00 to $26.00 in a research report on Friday, January 31st. Piper Sandler increased their price objective 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, Bank of America reaffirmed a “neutral” rating and set a $28.00 price objective (down from $29.00) on shares of Magnolia Oil & Gas in a research report on Monday, January 13th. 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 stock. According to data from MarketBeat.com, Magnolia Oil & Gas has an average rating of “Hold” and a consensus target price of $27.58.

Magnolia Oil & Gas Trading Up 1.8 %

NYSE MGY opened at $23.92 on Wednesday. Magnolia Oil & Gas has a 12 month low of $21.07 and a 12 month high of $29.02. The stock has a market cap of $4.70 billion, a P/E ratio of 11.84, a P/E/G ratio of 2.92 and a beta of 1.98. The stock’s fifty day moving average price is $24.34 and its 200-day moving average price is $25.23. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.20.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Harbor Capital Advisors Inc. purchased a new position in Magnolia Oil & Gas in the third quarter worth about $25,000. First Horizon Advisors Inc. boosted its position in Magnolia Oil & Gas by 64.7% in the third quarter. First Horizon Advisors Inc. now owns 1,008 shares of the company’s stock worth $25,000 after purchasing an additional 396 shares during the last quarter. Mather Group LLC. boosted its position in Magnolia Oil & Gas by 100.0% in the fourth 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 last quarter. Larson Financial Group LLC raised its stake in shares of Magnolia Oil & Gas by 112.3% in the fourth quarter. Larson Financial Group LLC now owns 1,072 shares of the company’s stock worth $25,000 after buying an additional 567 shares during the period. Finally, R Squared Ltd bought a new position in shares of Magnolia Oil & Gas in the fourth quarter worth about $43,000. 94.73% of the stock is owned by hedge funds and other institutional investors.

Magnolia Oil & Gas Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.51%. This is a boost from Magnolia Oil & Gas’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, February 14th. Magnolia Oil & Gas’s dividend payout ratio (DPR) is presently 29.70%.

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.