Magnolia Oil & Gas (MGY) Scheduled to Post Quarterly Earnings on Tuesday

Magnolia Oil & Gas (NYSE:MGY) will be issuing its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.43 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Magnolia Oil & Gas (NYSE:MGY) last released its quarterly earnings results on Wednesday, February 14th. The company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.04). The business had revenue of $322.63 million for the quarter, compared to analysts’ expectations of $324.95 million. Magnolia Oil & Gas had a return on equity of 21.21% and a net margin of 31.65%. On average, analysts expect Magnolia Oil & Gas to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Magnolia Oil & Gas Stock Performance

NYSE MGY opened at $26.44 on Tuesday. The stock has a market cap of $5.40 billion, a PE ratio of 12.90, a P/E/G ratio of 1.61 and a beta of 2.05. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.21. Magnolia Oil & Gas has a twelve month low of $18.72 and a twelve month high of $27.33. The stock has a fifty day simple moving average of $24.80 and a 200-day simple moving average of $22.55.

Magnolia Oil & Gas Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, February 15th. This is a boost from Magnolia Oil & Gas’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.97%. Magnolia Oil & Gas’s dividend payout ratio is currently 25.37%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Susquehanna increased their price target on Magnolia Oil & Gas from $28.00 to $31.00 and gave the stock a “positive” rating in a report on Monday, April 22nd. Citigroup increased their price target on Magnolia Oil & Gas from $18.00 to $22.00 and gave the stock a “sell” rating in a report on Monday, April 15th. Piper Sandler reiterated a “neutral” rating and set a $29.00 price target on shares of Magnolia Oil & Gas in a report on Friday, April 19th. Mizuho raised their target price on Magnolia Oil & Gas from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, March 14th. Finally, Bank of America assumed coverage on Magnolia Oil & Gas in a report on Tuesday, February 27th. They set a “buy” rating and a $25.00 target price for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $27.63.

About Magnolia Oil & Gas

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.