Zacks Research Analysts Reduce Earnings Estimates for MGY

Magnolia Oil & Gas Co. (NYSE:MGY) – Research analysts at Zacks Research reduced their Q4 2024 earnings per share (EPS) estimates for shares of Magnolia Oil & Gas in a report released on Wednesday, November 13th. Zacks Research analyst N. Choudhury now forecasts that the company will post earnings per share of $0.41 for the quarter, down from their prior estimate of $0.46. The consensus estimate for Magnolia Oil & Gas’ current full-year earnings is $1.99 per share. Zacks Research also issued estimates for Magnolia Oil & Gas’ Q2 2025 earnings at $0.46 EPS, Q3 2025 earnings at $0.48 EPS, FY2025 earnings at $1.91 EPS, Q2 2026 earnings at $0.50 EPS, Q3 2026 earnings at $0.57 EPS and FY2026 earnings at $2.15 EPS.

Magnolia Oil & Gas (NYSE:MGY) last posted its earnings results on Wednesday, October 30th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.04. Magnolia Oil & Gas had a return on equity of 20.78% and a net margin of 28.88%. The company had revenue of $333.14 million for the quarter, compared to analyst estimates of $331.45 million.

Other equities analysts also recently issued research reports about the stock. Mizuho cut their price objective on shares of Magnolia Oil & Gas from $28.00 to $27.00 and set a “neutral” rating on the stock in a report on Monday, September 16th. Piper Sandler lowered their price objective on shares of Magnolia Oil & Gas from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, August 15th. JPMorgan Chase & Co. cut their target price on Magnolia Oil & Gas from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. Wells Fargo & Company cut Magnolia Oil & Gas from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $26.00 to $22.00 in a research report on Tuesday, October 1st. Finally, Susquehanna cut their price objective on Magnolia Oil & Gas from $33.00 to $32.00 and set a “positive” rating on the stock in a report on Wednesday, September 4th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $27.67.

Magnolia Oil & Gas Trading Up 0.6 %

Magnolia Oil & Gas stock opened at $27.24 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.47 and a current ratio of 1.47. The stock has a market cap of $5.35 billion, a PE ratio of 13.48, a price-to-earnings-growth ratio of 1.38 and a beta of 1.99. The stock has a 50-day moving average of $25.56 and a two-hundred day moving average of $25.41. Magnolia Oil & Gas has a one year low of $19.16 and a one year high of $27.96.

Magnolia Oil & Gas Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 8th will be paid a dividend of $0.13 per share. The ex-dividend date is Friday, November 8th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.91%. Magnolia Oil & Gas’s dividend payout ratio is currently 25.74%.

Insider Transactions at Magnolia Oil & Gas

In other news, Director Ltd. Enervest sold 7,000,000 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $25.86, for a total value of $181,020,000.00. Following the completion of the sale, the director now owns 2,099,403 shares of the company’s stock, valued at $54,290,561.58. This represents a 76.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MGY. Harbor Capital Advisors Inc. purchased a new stake in Magnolia Oil & Gas in the third quarter valued at approximately $25,000. First Horizon Advisors Inc. grew its stake in shares of Magnolia Oil & Gas by 64.7% in the third quarter. First Horizon Advisors Inc. now owns 1,008 shares of the company’s stock valued at $25,000 after buying an additional 396 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its holdings 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 buying an additional 982 shares during the period. Opal Wealth Advisors LLC acquired a new position in Magnolia Oil & Gas in the 2nd quarter valued at about $26,000. Finally, GAMMA Investing LLC increased its stake in Magnolia Oil & Gas by 184.4% during the second quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock worth $41,000 after purchasing an additional 1,042 shares during the period. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Magnolia Oil & Gas Company Profile

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.