Zacks Research Brokers Reduce Earnings Estimates for MGY

Magnolia Oil & Gas Co. (NYSE:MGY) – Analysts at Zacks Research cut their Q4 2024 EPS estimates for shares of Magnolia Oil & Gas in a research report issued 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 previous forecast 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 issued its earnings results on Wednesday, October 30th. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The business had revenue of $333.14 million for the quarter, compared to analyst estimates of $331.45 million. Magnolia Oil & Gas had a net margin of 28.88% and a return on equity of 20.78%.

A number of other research firms also recently issued reports on MGY. Susquehanna dropped their price target on Magnolia Oil & Gas from $33.00 to $32.00 and set a “positive” rating on the stock in a research report on Wednesday, September 4th. Mizuho dropped their target price 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. Wells Fargo & Company lowered shares of Magnolia Oil & Gas from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $26.00 to $22.00 in a report on Tuesday, October 1st. Bank of America increased their price objective on shares of 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, Piper Sandler cut their price objective on shares of Magnolia Oil & Gas from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, August 15th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Magnolia Oil & Gas currently has a consensus rating of “Hold” and a consensus target price of $27.67.

Magnolia Oil & Gas Trading Down 1.4 %

MGY opened at $26.85 on Friday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.20. The stock’s fifty day moving average is $25.69 and its two-hundred day moving average is $25.42. The company has a market capitalization of $5.28 billion, a P/E ratio of 13.29, a PEG ratio of 1.38 and a beta of 1.99. Magnolia Oil & Gas has a 52 week low of $19.16 and a 52 week high of $27.96.

Institutional Trading of Magnolia Oil & Gas

Institutional investors and hedge funds have recently bought and sold shares of the business. Harbor Capital Advisors Inc. purchased a new position in shares of Magnolia Oil & Gas during the third quarter worth $25,000. First Horizon Advisors Inc. raised its stake in shares of Magnolia Oil & Gas by 64.7% during the 3rd 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 during the last quarter. Massmutual Trust Co. FSB ADV lifted 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 purchased a new stake in shares of Magnolia Oil & Gas in the second quarter worth about $26,000. Finally, GAMMA Investing LLC grew its holdings 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 acquiring an additional 1,042 shares during the period. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Ltd. Enervest sold 7,000,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, the director now owns 2,099,403 shares in the company, valued at $54,290,561.58. This trade represents a 76.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.20% of the company’s stock.

Magnolia Oil & Gas Dividend Announcement

The firm also recently declared 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 1.94%. Magnolia Oil & Gas’s payout ratio is 25.74%.

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.