Zacks Research Analysts Raise Earnings Estimates for MGY

Magnolia Oil & Gas Co. (NYSE:MGY) – Investment analysts at Zacks Research boosted their Q1 2025 earnings per share estimates for shares of Magnolia Oil & Gas in a report released on Thursday, April 3rd. Zacks Research analyst N. Choudhury now expects that the company will post earnings per share of $0.51 for the quarter, up from their prior 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 released its quarterly earnings data on Tuesday, February 18th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.46 by $0.03. Magnolia Oil & Gas had a return on equity of 20.74% and a net margin of 27.82%. The company had revenue of $326.61 million during the quarter, compared to the consensus estimate of $327.40 million.

Several other equities research analysts have also recently issued reports on MGY. 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. Williams Trading set a $29.00 price target on Magnolia Oil & Gas in a research note on Wednesday, March 5th. Bank of America reiterated a “neutral” rating and set a $28.00 price objective (down previously from $29.00) on shares of Magnolia Oil & Gas in a research report on Monday, January 13th. JPMorgan Chase & Co. dropped their target price on Magnolia Oil & Gas from $28.00 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Finally, Piper Sandler upped their price target on shares of Magnolia Oil & Gas from $24.00 to $26.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $27.77.

Magnolia Oil & Gas Stock Performance

Shares of NYSE MGY opened at $21.05 on Friday. The company has a quick ratio of 1.47, a current ratio of 1.42 and a debt-to-equity ratio of 0.20. The firm’s 50-day moving average price is $23.90 and its 200-day moving average price is $25.09. Magnolia Oil & Gas has a 52-week low of $20.76 and a 52-week high of $29.02. The company has a market cap of $4.09 billion, a PE ratio of 10.90, a PEG ratio of 3.01 and a beta of 1.57.

Hedge Funds Weigh In On Magnolia Oil & Gas

Several hedge funds have recently modified their holdings of the stock. FMR LLC increased 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 valued at $851,000 after acquiring an additional 22,171 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Magnolia Oil & Gas by 27.2% in the third quarter. BNP Paribas Financial Markets now owns 128,492 shares of the company’s stock worth $3,138,000 after purchasing an additional 27,467 shares during the last quarter. Townsquare Capital LLC purchased a new stake in shares of Magnolia Oil & Gas in the third quarter worth about $237,000. Captrust Financial Advisors boosted its stake in Magnolia Oil & Gas by 9.3% during the third quarter. Captrust Financial Advisors now owns 48,731 shares of the company’s stock valued at $1,190,000 after buying an additional 4,156 shares during the last quarter. Finally, Verition Fund Management LLC grew its holdings in Magnolia Oil & Gas by 11.5% during the 3rd quarter. Verition Fund Management LLC now owns 84,864 shares of the company’s stock valued at $2,072,000 after buying an additional 8,724 shares in the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Insider Activity at Magnolia Oil & Gas

In other Magnolia Oil & Gas news, CEO Christopher G. Stavros purchased 2,500 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was acquired at an average cost of $22.05 per share, for a total transaction of $55,125.00. Following the purchase, the chief executive officer now directly owns 892,372 shares of the company’s stock, valued at $19,676,802.60. This trade represents a 0.28 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is owned by corporate insiders.

Magnolia Oil & Gas Increases Dividend

The company 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 represents a $0.60 annualized dividend and a dividend yield of 2.85%. This is an increase from Magnolia Oil & Gas’s previous quarterly dividend of $0.13. The ex-dividend date was Friday, February 14th. Magnolia Oil & Gas’s dividend payout ratio (DPR) is presently 31.09%.

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.