Zacks Research Issues Pessimistic Outlook for MGY Earnings

Magnolia Oil & Gas Co. (NYSE:MGY) – Stock analysts at Zacks Research dropped their Q4 2024 earnings per share estimates for shares of Magnolia Oil & Gas in a research note issued on Monday, February 17th. Zacks Research analyst N. Choudhury now forecasts that the company will post earnings of $0.41 per share for the quarter, down from their previous estimate of $0.42. The consensus estimate for Magnolia Oil & Gas’ current full-year earnings is $2.08 per share. Zacks Research also issued estimates for Magnolia Oil & Gas’ Q4 2025 earnings at $0.51 EPS, FY2025 earnings at $1.89 EPS, Q1 2026 earnings at $0.47 EPS, Q2 2026 earnings at $0.50 EPS, Q3 2026 earnings at $0.58 EPS, Q4 2026 earnings at $0.62 EPS and FY2026 earnings at $2.16 EPS.

Magnolia Oil & Gas (NYSE:MGY) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. Magnolia Oil & Gas had a net margin of 27.82% and a return on equity of 20.85%. The firm had revenue of $326.61 million for the quarter, compared to the consensus estimate of $327.40 million.

A number of other research firms have also recently commented on MGY. Mizuho raised their price target 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. Piper Sandler boosted their price target on shares of Magnolia Oil & Gas from $24.00 to $26.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Johnson Rice lowered shares of Magnolia Oil & Gas from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Truist Financial increased their price target on shares of Magnolia Oil & Gas from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Finally, Bank of America reiterated a “neutral” rating and set a $28.00 target price (down from $29.00) on shares of Magnolia Oil & Gas in a research report on Monday, January 13th. Two 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 company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $27.58.

Magnolia Oil & Gas Stock Up 1.4 %

Shares of Magnolia Oil & Gas stock opened at $24.58 on Thursday. The firm has a market cap of $4.83 billion, a price-to-earnings ratio of 12.74, a PEG ratio of 2.96 and a beta of 1.98. Magnolia Oil & Gas has a one year low of $21.49 and a one year high of $29.02. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.47 and a quick ratio of 1.47. The stock’s 50-day moving average is $24.24 and its 200 day moving average is $25.22.

Magnolia Oil & Gas Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a $0.15 dividend. This is a boost 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 2.44%. Magnolia Oil & Gas’s dividend payout ratio (DPR) is currently 31.09%.

Hedge Funds Weigh In On Magnolia Oil & Gas

Hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC lifted its holdings in Magnolia Oil & Gas by 174.9% in the 3rd quarter. FMR LLC now owns 34,851 shares of the company’s stock worth $851,000 after buying an additional 22,171 shares during the period. HighTower Advisors LLC bought a new stake in shares of Magnolia Oil & Gas in the 3rd quarter worth approximately $353,000. Intech Investment Management LLC purchased a new stake in shares of Magnolia Oil & Gas in the third quarter worth $1,252,000. Citigroup Inc. grew its position in Magnolia Oil & Gas by 30.6% during the 3rd quarter. Citigroup Inc. now owns 313,778 shares of the company’s stock valued at $7,662,000 after purchasing an additional 73,431 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Magnolia Oil & Gas by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,991,017 shares of the company’s stock valued at $48,621,000 after acquiring an additional 75,305 shares in the last quarter. 94.73% of the stock is owned by institutional investors.

About Magnolia Oil & Gas

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.