Zacks Research Has Positive Outlook for MGY Q1 Earnings

Magnolia Oil & Gas Co. (NYSE:MGY) – Equities researchers at Zacks Research upped their Q1 2025 earnings per share estimates for shares of Magnolia Oil & Gas in a research report issued to clients and investors on Thursday, April 3rd. Zacks Research analyst N. Choudhury now anticipates that the company will post earnings per share of $0.51 for the quarter, up from their previous estimate of $0.50. The consensus estimate for Magnolia Oil & Gas’ current full-year earnings is $2.10 per share. Zacks Research also issued estimates for Magnolia Oil & Gas’ Q1 2025 earnings at $0.51 EPS, Q2 2025 earnings at $0.50 EPS, Q2 2025 earnings at $0.50 EPS, Q3 2025 earnings at $0.54 EPS, Q3 2025 earnings at $0.54 EPS, FY2025 earnings at $2.11 EPS, FY2025 earnings at $2.11 EPS, Q1 2027 earnings at $0.56 EPS and FY2027 earnings at $2.35 EPS.

Magnolia Oil & Gas (NYSE:MGY) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. The firm had revenue of $326.61 million during the quarter, compared to analyst estimates of $327.40 million. Magnolia Oil & Gas had a return on equity of 20.74% and a net margin of 27.82%.

A number of other equities analysts have also recently issued reports on the stock. Bank of America reaffirmed a “neutral” rating and issued a $28.00 price objective (down from $29.00) on shares of Magnolia Oil & Gas in a research note on Monday, January 13th. Truist Financial increased their price target on Magnolia Oil & Gas from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. decreased their price objective on Magnolia Oil & Gas from $28.00 to $24.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. Piper Sandler upped their price objective on Magnolia Oil & Gas from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Finally, The Goldman Sachs Group cut Magnolia Oil & Gas from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $27.00 to $26.00 in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $27.77.

Magnolia Oil & Gas Stock Down 10.5 %

Shares of NYSE MGY opened at $21.05 on Friday. Magnolia Oil & Gas has a 1 year low of $20.76 and a 1 year high of $29.02. The firm’s 50-day moving average is $23.90 and its 200-day moving average is $25.09. The company has a current ratio of 1.42, a quick ratio of 1.47 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $4.09 billion, a PE ratio of 10.90, a price-to-earnings-growth ratio of 3.01 and a beta of 1.57.

Magnolia Oil & Gas Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a dividend of $0.15 per share. This is an increase from Magnolia Oil & Gas’s previous quarterly dividend of $0.13. The ex-dividend date was Friday, February 14th. This represents a $0.60 annualized dividend and a dividend yield of 2.85%. Magnolia Oil & Gas’s dividend payout ratio is currently 31.09%.

Insider Buying and Selling

In related news, CEO Christopher G. Stavros acquired 2,500 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was bought at an average price of $22.05 per share, for a total transaction of $55,125.00. Following the acquisition, the chief executive officer now directly owns 892,372 shares of the company’s stock, valued at approximately $19,676,802.60. The trade was a 0.28 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of MGY. Vanguard Group Inc. boosted its holdings in shares of Magnolia Oil & Gas by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 20,938,200 shares of the company’s stock valued at $489,535,000 after buying an additional 452,836 shares during the last quarter. First Trust Advisors LP lifted its stake in Magnolia Oil & Gas by 24.6% in the fourth quarter. First Trust Advisors LP now owns 15,410,496 shares of the company’s stock valued at $360,297,000 after acquiring an additional 3,038,709 shares during the last quarter. State Street Corp lifted its stake in Magnolia Oil & Gas by 4.2% in the third quarter. State Street Corp now owns 10,700,257 shares of the company’s stock valued at $261,300,000 after acquiring an additional 435,326 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of Magnolia Oil & Gas by 11.7% in the 4th quarter. Janus Henderson Group PLC now owns 6,396,875 shares of the company’s stock valued at $149,559,000 after acquiring an additional 667,973 shares during the period. Finally, Wellington Management Group LLP increased its stake in shares of Magnolia Oil & Gas by 0.5% during the 4th quarter. Wellington Management Group LLP now owns 5,020,646 shares of the company’s stock worth $117,383,000 after purchasing an additional 26,943 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors.

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.