Q1 EPS Estimate for Magnolia Oil & Gas Reduced by Analyst

Magnolia Oil & Gas Co. (NYSE:MGY) – Investment analysts at Zacks Research dropped their Q1 2025 earnings per share estimates for Magnolia Oil & Gas in a report issued on Monday, February 17th. Zacks Research analyst N. Choudhury now anticipates that the company will post earnings of $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 announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. The firm had revenue of $326.61 million during the quarter, compared to analysts’ expectations of $327.40 million. Magnolia Oil & Gas had a net margin of 28.88% and a return on equity of 20.78%.

A number of other brokerages have also recently issued reports on MGY. Piper Sandler boosted their price objective on Magnolia Oil & Gas from $24.00 to $26.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. The Goldman Sachs Group downgraded Magnolia Oil & Gas from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $27.00 to $26.00 in a report on Friday, January 31st. Truist Financial upped their price target on shares of Magnolia Oil & Gas from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Bank of America reiterated a “neutral” rating and issued a $28.00 price objective (down previously from $29.00) on shares of Magnolia Oil & Gas in a research note on Monday, January 13th. Finally, Mizuho raised their target price on shares of Magnolia Oil & Gas from $27.00 to $28.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Magnolia Oil & Gas presently has a consensus rating of “Hold” and a consensus price target of $27.58.

Magnolia Oil & Gas Trading Up 1.6 %

Shares of Magnolia Oil & Gas stock opened at $24.27 on Wednesday. The company has a market capitalization of $4.77 billion, a price-to-earnings ratio of 12.02, a P/E/G ratio of 2.92 and a beta of 1.98. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.47 and a quick ratio of 1.47. Magnolia Oil & Gas has a 1 year low of $21.07 and a 1 year high of $29.02. The business has a fifty day simple moving average of $24.26 and a two-hundred day simple moving average of $25.22.

Institutional Trading of Magnolia Oil & Gas

Several institutional investors and hedge funds have recently modified their holdings of MGY. First Horizon Advisors Inc. lifted its holdings 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 worth $25,000 after acquiring an additional 396 shares during the last quarter. Albert D Mason Inc. grew its position in Magnolia Oil & Gas by 0.7% during the 4th quarter. Albert D Mason Inc. now owns 61,497 shares of the company’s stock worth $1,438,000 after acquiring an additional 411 shares during the last quarter. Isthmus Partners LLC increased its holdings in Magnolia Oil & Gas by 5.2% in the 4th quarter. Isthmus Partners LLC now owns 9,320 shares of the company’s stock worth $218,000 after purchasing an additional 460 shares in the last quarter. OneDigital Investment Advisors LLC raised its position in Magnolia Oil & Gas by 3.0% in the fourth quarter. OneDigital Investment Advisors LLC now owns 15,768 shares of the company’s stock valued at $369,000 after purchasing an additional 464 shares during the last quarter. Finally, Jennison Associates LLC raised its holdings in Magnolia Oil & Gas by 2.2% in the 3rd quarter. Jennison Associates LLC now owns 23,836 shares of the company’s stock valued at $582,000 after buying an additional 506 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors.

Magnolia Oil & Gas Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be paid a $0.15 dividend. This is a positive change from Magnolia Oil & Gas’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.60 annualized dividend and a dividend yield of 2.47%. 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.