Magnolia Oil & Gas (NYSE:MGY) Downgraded by Wall Street Zen to "Hold"

Key Points

• Wall Street Zen downgraded Magnolia Oil & Gas from “Buy” to “Hold,” although the broader analyst consensus remains “Moderate Buy” with a $31.53 price target.
• Magnolia reported quarterly EPS of $0.99, exceeding estimates of $0.93, while revenue of $478.81 million rose 50.1% year over year and also topped forecasts.
• Shares opened at $25.36, with the company valued at approximately $6.01 billion; institutional investors own 94.73% of the stock, and a company director recently purchased $200,000 of shares.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Other analysts have also recently issued reports about the stock. Seaport Research Partners assumed coverage on shares of Magnolia Oil & Gas in a research note on Thursday, September 3rd. They issued a "neutral" rating on the stock. Scotiabank started coverage on shares of Magnolia Oil & Gas in a research report on Wednesday. They set a "sector outperform" rating and a $31.00 price target for the company. Johnson Rice raised shares of Magnolia Oil & Gas from a "hold" rating to an "accumulate" rating and decreased their price target for the stock from $33.00 to $32.00 in a report on Monday, August 17th. KeyCorp reiterated an "overweight" rating and issued a $38.00 price objective on shares of Magnolia Oil & Gas in a research report on Wednesday, August 12th. Finally, Williams Trading set a $32.00 price objective on Magnolia Oil & Gas in a research note on Wednesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Magnolia Oil & Gas currently has a consensus rating of "Moderate Buy" and a consensus price target of $31.53.

Magnolia Oil & Gas Trading Up 3.4%

Shares of MGY opened at $25.36 on Friday. Magnolia Oil & Gas has a twelve month low of $21.07 and a twelve month high of $32.76. The stock has a market cap of $6.01 billion, a PE ratio of 10.61 and a beta of 0.80. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.18. The business's 50-day moving average price is $25.86 and its 200-day moving average price is $27.03.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.06. The company had revenue of $478.81 million during the quarter, compared to analyst estimates of $458.10 million. Magnolia Oil & Gas had a net margin of 28.77% and a return on equity of 21.04%. Magnolia Oil & Gas's revenue was up 50.1% compared to the same quarter last year. During the same period last year, the business earned $0.41 earnings per share. On average, equities analysts forecast that Magnolia Oil & Gas will post 2.72 EPS for the current fiscal year.

Insider Activity at Magnolia Oil & Gas

In related news, Director David Khani purchased 8,000 shares of the firm's stock in a transaction dated Friday, August 7th. The shares were purchased at an average price of $25.00 per share, with a total value of $200,000.00. Following the acquisition, the director directly owned 30,622 shares of the company's stock, valued at approximately $765,550. This represents a 35.36% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.92% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Valued Wealth Advisors LLC purchased a new position in shares of Magnolia Oil & Gas in the 1st quarter worth about $29,000. Harbor Investment Advisory LLC bought a new stake in Magnolia Oil & Gas in the 2nd quarter worth approximately $39,000. Ancora Advisors LLC bought a new stake in Magnolia Oil & Gas in the 2nd quarter worth approximately $51,000. Versant Capital Management Inc boosted its stake in Magnolia Oil & Gas by 96.9% in the second quarter. Versant Capital Management Inc now owns 2,257 shares of the company's stock worth $58,000 after buying an additional 1,111 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in Magnolia Oil & Gas by 45.4% in the first quarter. Parallel Advisors LLC now owns 2,572 shares of the company's stock worth $81,000 after buying an additional 803 shares in the last quarter. Institutional investors own 94.73% of the company's stock.

Magnolia Oil & Gas News Roundup

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

• Neutral Sentiment: Wells Fargo maintained its Hold rating while cutting its price target, indicating limited near-term upside in the bank’s view. Magnolia Oil & Gas Stock Price Target Cut by Wells Fargo & Company
• Neutral Sentiment: Scotiabank initiated coverage with a Sector Perform rating, signaling expectations that MGY will perform broadly in line with the oil-and-gas sector. Scotiabank Initiates Coverage on Magnolia Oil & Gas With Sector Perform Rating
• Negative Sentiment: Zacks Research downgraded Magnolia Oil & Gas from Strong Buy to Hold, removing a bullish analyst endorsement. Zacks Research Downgrades Magnolia Oil & Gas
• Negative Sentiment: Zacks cut its Q3 2026 EPS forecast to $0.38 from $0.40 and reduced estimates for Q4 2026 and full-year 2026 to $0.58 and $2.48, respectively, from $0.78 and $2.71.
• Negative Sentiment: The revisions extend into 2027 and 2028: FY2027 EPS was lowered to $2.23 from $2.82, while FY2028 EPS was reduced to $2.80 from $3.19. Quarterly estimates for Q1–Q3 2027 and Q1–Q3 2028 were also cut, pointing to weaker expected earnings momentum.

About Magnolia Oil & Gas

Magnolia Oil & Gas Corporation is an independent oil and natural gas exploration and production company. The company focuses on the acquisition, development, exploration and production of crude oil, natural gas and natural gas liquids.

Magnolia's operations are concentrated in the Eagle Ford Shale and Austin Chalk formations in South Texas, including its Karnes and Giddings areas. Its production activities are supported by established infrastructure and involve the development of unconventional oil and gas resources.

The company was formed in 2017 through a business combination involving TPG Pace Energy Holdings Corp.

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