Q3 EPS Estimate for Magnolia Oil & Gas Increased by Analyst

Magnolia Oil & Gas Corp (NYSE:MGY) – Zacks Research raised their Q3 2027 earnings per share (EPS) estimates for shares of Magnolia Oil & Gas in a note issued to investors on Monday, March 30th. Zacks Research analyst Team now expects that the company will post earnings per share of $0.45 for the quarter, up from their prior forecast of $0.44. Zacks Research currently has a “Strong-Buy” rating on the stock. 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’ FY2027 earnings at $1.79 EPS.

Magnolia Oil & Gas (NYSE:MGY) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.36 by $0.01. The company had revenue of $317.63 million during the quarter, compared to analyst estimates of $322.18 million. Magnolia Oil & Gas had a net margin of 24.79% and a return on equity of 16.67%. The firm’s revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.44 EPS.

Other research analysts also recently issued research reports about the stock. Susquehanna reduced their price target on shares of Magnolia Oil & Gas from $30.00 to $28.00 and set a “positive” rating for the company in a research report on Monday, January 26th. Wells Fargo & Company set a $25.00 price objective on Magnolia Oil & Gas in a report on Monday, February 16th. The Goldman Sachs Group boosted their price objective on Magnolia Oil & Gas from $23.00 to $26.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 11th. Piper Sandler increased their target price on Magnolia Oil & Gas from $28.00 to $31.00 and gave the company a “neutral” rating in a report on Thursday, March 12th. Finally, Bank of America upgraded Magnolia Oil & Gas from a “neutral” rating to a “buy” rating and raised their target price for the company from $26.00 to $28.00 in a research report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $29.82.

Magnolia Oil & Gas Stock Down 4.5%

Shares of NYSE MGY opened at $30.16 on Wednesday. The firm has a market cap of $5.62 billion, a price-to-earnings ratio of 17.54, a price-to-earnings-growth ratio of 2.22 and a beta of 0.89. The company’s 50-day simple moving average is $27.97 and its 200-day simple moving average is $24.67. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.20. Magnolia Oil & Gas has a 52-week low of $19.09 and a 52-week high of $32.76.

Magnolia Oil & Gas Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 10th were issued a dividend of $0.165 per share. The ex-dividend date was Tuesday, February 10th. This represents a $0.66 annualized dividend and a dividend yield of 2.2%. This is a boost from Magnolia Oil & Gas’s previous quarterly dividend of $0.15. Magnolia Oil & Gas’s payout ratio is presently 38.37%.

Insider Activity

In related news, CFO Brian Corales sold 33,000 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $29.12, for a total value of $960,960.00. Following the completion of the sale, the chief financial officer owned 184,178 shares of the company’s stock, valued at approximately $5,363,263.36. This represents a 15.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Christopher G. Stavros sold 119,954 shares of the business’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $29.29, for a total transaction of $3,513,452.66. Following the completion of the transaction, the chief executive officer owned 883,592 shares in the company, valued at $25,880,409.68. The trade was a 11.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 338,954 shares of company stock worth $9,911,733. Insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MGY. State Street Corp raised its position in Magnolia Oil & Gas by 1.4% in the fourth quarter. State Street Corp now owns 8,800,807 shares of the company’s stock valued at $192,650,000 after purchasing an additional 125,707 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Magnolia Oil & Gas by 4.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,634,362 shares of the company’s stock valued at $145,230,000 after purchasing an additional 264,649 shares during the last quarter. TD Asset Management Inc grew its holdings in shares of Magnolia Oil & Gas by 26.6% during the 4th quarter. TD Asset Management Inc now owns 5,671,819 shares of the company’s stock worth $124,156,000 after purchasing an additional 1,193,458 shares during the period. Epoch Investment Partners Inc. increased its position in shares of Magnolia Oil & Gas by 28.8% during the 4th quarter. Epoch Investment Partners Inc. now owns 5,330,064 shares of the company’s stock worth $116,675,000 after purchasing an additional 1,191,438 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Magnolia Oil & Gas by 2.2% during the 3rd quarter. Wellington Management Group LLP now owns 5,225,168 shares of the company’s stock worth $124,725,000 after purchasing an additional 113,458 shares during the last quarter. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Magnolia Oil & Gas Company Profile

Magnolia Oil & Gas Corp (NYSE: MGY) is an independent exploration and production company focused on the acquisition, development and optimization of onshore oil and gas assets in South Texas. Headquartered in Houston, the company concentrates its efforts on the Eagle Ford Shale, where it holds significant working interests in key producing counties.

The company’s core operations center on horizontal drilling and multi-stage completions designed to extract light crude oil, natural gas and natural gas liquids (NGLs).