Zacks Research Issues Positive Outlook for MGY Earnings

Magnolia Oil & Gas Corp (NYSE:MGY) – Equities researchers at Zacks Research raised their Q1 2028 earnings per share estimates for Magnolia Oil & Gas in a note issued to investors on Monday, March 30th. Zacks Research analyst Team now expects that the company will earn $0.51 per share for the quarter, up from their previous forecast of $0.50. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for Magnolia Oil & Gas’ current full-year earnings is $2.10 per share.

Magnolia Oil & Gas (NYSE:MGY) last issued its 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 the consensus estimate 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 revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.44 EPS.

A number of other equities analysts have also recently commented on the stock. Truist Financial began coverage on shares of Magnolia Oil & Gas in a research report on Tuesday, March 24th. They set a “hold” rating and a $33.00 price objective for the company. Wells Fargo & Company set a $25.00 price objective on shares of Magnolia Oil & Gas in a research report on Monday, February 16th. Siebert Williams Shank cut shares of Magnolia Oil & Gas from a “buy” rating to a “hold” rating in a research note on Friday, March 6th. Piper Sandler lifted their target price on shares of Magnolia Oil & Gas from $28.00 to $31.00 and gave the stock a “neutral” rating in a report on Thursday, March 12th. Finally, UBS Group upped their price target on shares of Magnolia Oil & Gas from $29.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, Magnolia Oil & Gas currently has a consensus rating of “Moderate Buy” and an average target price of $30.55.

Magnolia Oil & Gas Stock Up 2.8%

MGY opened at $31.03 on Thursday. The stock’s fifty day simple moving average is $28.12 and its 200 day simple moving average is $24.71. Magnolia Oil & Gas has a 1-year low of $19.09 and a 1-year high of $32.76. The stock has a market cap of $5.78 billion, a PE ratio of 18.04, a price-to-earnings-growth ratio of 2.12 and a beta of 0.83. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.20.

Hedge Funds Weigh In On Magnolia Oil & Gas

A number of hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC boosted its holdings in Magnolia Oil & Gas by 77.7% in the 1st 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. increased its holdings in shares of Magnolia Oil & Gas by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 103,109 shares of the company’s stock worth $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 raised its position in shares of 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 buying an additional 18,447 shares in the last quarter. Intech Investment Management LLC boosted its stake in shares of 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 buying an additional 7,008 shares during the period. Finally, Franklin Resources Inc. boosted its stake in shares of Magnolia Oil & Gas by 23.9% in the second quarter. Franklin Resources Inc. now owns 109,039 shares of the company’s stock valued at $2,451,000 after buying an additional 21,061 shares during the period. 94.73% of the stock is owned by institutional investors.

Insider Activity

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 transaction of $521,640.00. Following the completion of the sale, the director owned 110,425 shares of the company’s stock, valued at approximately $3,200,116.50. This trade represents a 14.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 sale, the chief executive officer directly owned 883,592 shares of the company’s stock, valued at approximately $25,880,409.68. The trade was a 11.95% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 338,954 shares of company stock worth $9,911,733. Corporate 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. Shareholders of record on Tuesday, February 10th were issued a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $0.66 dividend on an annualized basis and a yield of 2.1%. This is a positive change from Magnolia Oil & Gas’s previous quarterly dividend of $0.15. Magnolia Oil & Gas’s payout ratio is currently 38.37%.

Key Magnolia Oil & Gas News

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

• Positive Sentiment: KeyCorp raised its price target on MGY to $38 and moved to an “overweight” rating, implying material upside from current levels. Article Title
• Positive Sentiment: Zacks Research has repeatedly increased short‑term and full‑year EPS estimates for Magnolia (including Q1 and Q3/ FY lifts) and carries a “Strong‑Buy” view — an analyst-driven earnings upside that supports the rally. MarketBeat Zacks Coverage
• Positive Sentiment: Citigroup published a bullish forecast calling for strong price appreciation for MGY, adding institutional-level support for the stock’s move higher. Citigroup Forecast
• Positive Sentiment: Industry pieces (Zacks commentary and a March recap of oil’s rally) list Magnolia among a handful of E&P names to buy as oil prices strengthened, which can attract momentum and ETF/peer flows into MGY. Oil’s Record March Rally Zacks E&P Buy List
• Neutral Sentiment: Magnolia has scheduled a conference call for first‑quarter 2026 results; the event will provide fresh operational and guidance detail that could either reinforce the bullish analyst views or introduce short‑term volatility depending on results. Conference Call Notice

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).