Magnolia Oil & Gas (MGY) Expected to Announce Quarterly Earnings on Wednesday

Magnolia Oil & Gas (NYSE:MGY) is expected to issue its Q1 2025 quarterly earnings data after the market closes on Wednesday, April 30th. Analysts expect the company to announce earnings of $0.54 per share and revenue of $337.83 million for the quarter.

Magnolia Oil & Gas (NYSE:MGY) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.49 EPS for the quarter, beating 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 firm had revenue of $326.61 million during the quarter, compared to analysts’ expectations of $327.40 million. 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 Trading Up 2.2 %

MGY stock opened at $21.69 on Tuesday. Magnolia Oil & Gas has a 1-year low of $19.09 and a 1-year high of $29.02. The firm has a market cap of $4.21 billion, a P/E ratio of 11.24, a P/E/G ratio of 3.01 and a beta of 1.57. The business’s 50 day moving average is $22.80 and its 200-day moving average is $24.47. The company has a current ratio of 1.42, a quick ratio of 1.47 and a debt-to-equity ratio of 0.20.

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 paid a $0.15 dividend. This is a positive change from Magnolia Oil & Gas’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a dividend yield of 2.77%. The ex-dividend date was Friday, February 14th. Magnolia Oil & Gas’s dividend payout ratio is currently 31.09%.

Insiders Place Their Bets

In other news, CEO Christopher G. Stavros purchased 2,500 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was bought at an average price of $22.05 per share, with a total value of $55,125.00. Following the acquisition, the chief executive officer now owns 892,372 shares in the company, valued at approximately $19,676,802.60. The trade was a 0.28 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on MGY shares. Susquehanna lowered their price objective on Magnolia Oil & Gas from $31.00 to $30.00 and set a “positive” rating on the stock in a research note on Tuesday, April 22nd. The Goldman Sachs Group cut Magnolia Oil & Gas from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $27.00 to $26.00 in a report on Friday, January 31st. Piper Sandler cut their price target on Magnolia Oil & Gas from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Tuesday, April 22nd. Bank of America reiterated a “neutral” rating and set a $28.00 price target (down previously from $29.00) on shares of Magnolia Oil & Gas in a research report on Monday, January 13th. Finally, Williams Trading set a $29.00 price objective on Magnolia Oil & Gas in a report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Magnolia Oil & Gas has a consensus rating of “Hold” and an average price target of $27.21.

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.