FY2026 EPS Estimates for Magnolia Oil & Gas Co. (NYSE:MGY) Increased by Analyst

Magnolia Oil & Gas Co. (NYSE:MGY) – Equities researchers at Capital One Financial upped their FY2026 earnings per share (EPS) estimates for shares of Magnolia Oil & Gas in a research report issued to clients and investors on Wednesday, October 9th. Capital One Financial analyst P. Johnston now forecasts that the company will post earnings of $2.38 per share for the year, up from their previous forecast of $2.37. The consensus estimate for Magnolia Oil & Gas’ current full-year earnings is $1.99 per share.

Magnolia Oil & Gas (NYSE:MGY) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.05. The firm had revenue of $336.73 million during the quarter, compared to analysts’ expectations of $340.72 million. Magnolia Oil & Gas had a return on equity of 21.18% and a net margin of 29.44%.

Several other brokerages have also issued reports on MGY. Susquehanna decreased their price target on Magnolia Oil & Gas from $33.00 to $32.00 and set a “positive” rating on the stock in a research note on Wednesday, September 4th. Piper Sandler decreased their price target on Magnolia Oil & Gas from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, August 15th. Wells Fargo & Company lowered Magnolia Oil & Gas from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $26.00 to $22.00 in a research note on Tuesday, October 1st. Bank of America lifted their price target on Magnolia Oil & Gas from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. decreased their price target on Magnolia Oil & Gas from $26.00 to $23.00 and set a “neutral” rating on the stock in a research note on Thursday, September 12th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $27.50.

Magnolia Oil & Gas Price Performance

Shares of NYSE MGY opened at $25.56 on Monday. Magnolia Oil & Gas has a fifty-two week low of $19.16 and a fifty-two week high of $27.63. The business has a fifty day moving average price of $25.01 and a two-hundred day moving average price of $25.42. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market capitalization of $5.18 billion, a PE ratio of 12.87, a P/E/G ratio of 1.35 and a beta of 1.99.

Magnolia Oil & Gas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, August 9th were given a $0.13 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.03%. Magnolia Oil & Gas’s dividend payout ratio (DPR) is presently 25.87%.

Insider Buying and Selling at Magnolia Oil & Gas

In other news, Director Ltd. Enervest sold 7,000,000 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was 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 $54,290,561.58. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Massmutual Trust Co. FSB ADV lifted its stake in shares of Magnolia Oil & Gas by 1,753.6% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,038 shares of the company’s stock valued at $26,000 after purchasing an additional 982 shares during the period. Opal Wealth Advisors LLC acquired a new position in shares of Magnolia Oil & Gas in the 2nd quarter valued at about $26,000. Mather Group LLC. acquired a new position in Magnolia Oil & Gas during the 1st quarter worth approximately $27,000. GAMMA Investing LLC raised its stake in Magnolia Oil & Gas by 184.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock worth $41,000 after buying an additional 1,042 shares during the period. Finally, Fidelis Capital Partners LLC acquired a new position in Magnolia Oil & Gas during the 1st quarter worth approximately $50,000. 94.73% of the stock is owned by institutional investors and hedge funds.

About Magnolia Oil & Gas

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.