KeyCorp Research Analysts Boost Earnings Estimates for MGY

Magnolia Oil & Gas Corp (NYSE:MGY) – Analysts at KeyCorp increased their Q1 2026 earnings per share (EPS) estimates for Magnolia Oil & Gas in a report issued on Wednesday, April 1st. KeyCorp analyst T. Rezvan now expects that the company will post earnings per share of $0.58 for the quarter, up from their previous forecast of $0.42. KeyCorp has a “Overweight” rating and a $38.00 price objective on the stock. The consensus estimate for Magnolia Oil & Gas’ current full-year earnings is $2.10 per share. KeyCorp also issued estimates for Magnolia Oil & Gas’ Q2 2026 earnings at $0.92 EPS, Q3 2026 earnings at $0.87 EPS, Q4 2026 earnings at $0.85 EPS, FY2026 earnings at $3.22 EPS, Q1 2027 earnings at $0.77 EPS, Q2 2027 earnings at $0.76 EPS, Q3 2027 earnings at $0.73 EPS, Q4 2027 earnings at $0.75 EPS and FY2027 earnings at $3.02 EPS.

Other equities research analysts have also recently issued research reports about the company. Citigroup raised their target price on Magnolia Oil & Gas from $29.00 to $35.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 31st. The Goldman Sachs Group raised their target price 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. Zacks Research raised Magnolia Oil & Gas from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 26th. Mizuho set a $30.00 price objective on Magnolia Oil & Gas in a research note on Friday, February 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Magnolia Oil & Gas in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $30.55.

Magnolia Oil & Gas Price Performance

MGY stock opened at $31.89 on Tuesday. The business has a fifty day moving average of $28.53 and a two-hundred day moving average of $24.86. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.20. The stock has a market cap of $5.95 billion, a price-to-earnings ratio of 18.54, a price-to-earnings-growth ratio of 2.18 and a beta of 0.83. Magnolia Oil & Gas has a 52-week low of $19.09 and a 52-week high of $32.76.

Magnolia Oil & Gas (NYSE:MGY) last posted its earnings results on Thursday, February 5th. The company reported $0.37 earnings per share (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 analysts’ expectations of $322.18 million. Magnolia Oil & Gas had a return on equity of 16.67% and a net margin of 24.79%.The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.44 earnings per share.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MGY. AQR Capital Management LLC boosted its holdings in Magnolia Oil & Gas by 77.7% in the first quarter. AQR Capital Management LLC now owns 56,346 shares of the company’s stock valued at $1,423,000 after purchasing an additional 24,631 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Magnolia Oil & Gas by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 103,109 shares of the company’s stock valued at $2,605,000 after purchasing an additional 4,512 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Magnolia Oil & Gas by 8.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 242,880 shares of the company’s stock valued at $6,135,000 after purchasing an additional 18,447 shares during the period. Intech Investment Management LLC boosted its holdings in Magnolia Oil & Gas by 11.3% in the first quarter. Intech Investment Management LLC now owns 68,814 shares of the company’s stock valued at $1,738,000 after purchasing an additional 7,008 shares during the period. Finally, Lido Advisors LLC boosted its holdings in Magnolia Oil & Gas by 28.8% in the second quarter. Lido Advisors LLC now owns 12,949 shares of the company’s stock valued at $291,000 after purchasing an additional 2,897 shares during the period. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Edward P. Djerejian sold 18,000 shares of Magnolia Oil & Gas stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $28.98, for a total value of $521,640.00. Following the completion of the sale, the director directly owned 110,425 shares of the company’s stock, valued at approximately $3,200,116.50. The trade was a 14.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Christopher G. Stavros sold 119,954 shares of Magnolia Oil & Gas stock in a transaction on Monday, March 9th. The shares were sold at an average price of $29.29, for a total value of $3,513,452.66. Following the completion of the sale, the chief executive officer directly owned 883,592 shares of the company’s stock, valued at $25,880,409.68. The trade was a 11.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 338,954 shares of company stock valued at $9,911,733. Insiders own 1.20% of the company’s stock.

Magnolia Oil & Gas Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 10th were paid a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, February 10th. This is a boost from Magnolia Oil & Gas’s previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.1%. Magnolia Oil & Gas’s payout ratio is presently 38.37%.

Key Headlines Impacting Magnolia Oil & Gas

Here are the key news stories impacting Magnolia Oil & Gas this week:

• Positive Sentiment: KeyCorp sharply raised earnings estimates across 2026–2027 and boosted FY2026/FY2027 EPS substantially, while keeping an “Overweight” rating and a $38 price target — a clear analyst catalyst supporting higher share prices. KeyCorp note on MGY
• Positive Sentiment: Zacks added MGY to its Rank #1 (Strong Buy) list, which can attract retail momentum and buy-side interest. New Strong Buy Stocks for April 7th
• Neutral Sentiment: A Yahoo Finance piece frames the story as “2 reasons to like MGY and 1 to stay skeptical” — a balanced view that highlights growth/valuation positives but flags at least one caution (e.g., commodity/operational risk). This may temper enthusiasm for some investors. 2 Reasons to Like MGY and 1 to Stay Skeptical
• Neutral Sentiment: CNN Markets lists MGY’s profile and quote page — useful for traders checking fundamentals and intraday pricing but not a direct catalyst. Magnolia Oil & Gas Corp. Class A
• Negative Sentiment: Recent quarter: MGY slightly beat EPS but missed revenue and showed year-over-year revenue decline — a reminder that commodity exposure and near-term topline pressure remain risks that could cap multiple expansion. Q4 results / company profile

About Magnolia Oil & Gas

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).