Magnolia Oil & Gas Corp (NYSE:MGY - Free Report) - Research analysts at Capital One Financial issued their Q1 2026 earnings per share (EPS) estimates for Magnolia Oil & Gas in a report released on Wednesday, July 2nd. Capital One Financial analyst P. Johnston forecasts that the company will earn $0.49 per share for the quarter. The consensus estimate for Magnolia Oil & Gas' current full-year earnings is $2.10 per share. Capital One Financial also issued estimates for Magnolia Oil & Gas' Q2 2026 earnings at $0.51 EPS, Q3 2026 earnings at $0.54 EPS, Q4 2026 earnings at $0.55 EPS and FY2026 earnings at $2.09 EPS.
Several other analysts have also issued reports on MGY. Piper Sandler dropped their price objective on Magnolia Oil & Gas from $25.00 to $24.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. JPMorgan Chase & Co. dropped their price objective on Magnolia Oil & Gas from $28.00 to $24.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Susquehanna dropped 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. Citigroup dropped their price objective on Magnolia Oil & Gas from $22.00 to $19.00 and set a "sell" rating on the stock in a research note on Tuesday, April 8th. Finally, UBS Group restated a "buy" rating and issued a $29.00 price objective (up previously from $26.00) on shares of Magnolia Oil & Gas in a research note on Friday, June 13th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Magnolia Oil & Gas has a consensus rating of "Hold" and a consensus target price of $27.00.
Check Out Our Latest Report on MGY
Magnolia Oil & Gas Stock Performance
NYSE:MGY traded down $0.03 on Friday, hitting $23.33. The company's stock had a trading volume of 837,262 shares, compared to its average volume of 2,349,541. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.20. The stock has a fifty day moving average of $22.53 and a two-hundred day moving average of $23.16. The firm has a market capitalization of $4.49 billion, a P/E ratio of 11.61, a price-to-earnings-growth ratio of 3.11 and a beta of 1.28. Magnolia Oil & Gas has a one year low of $19.09 and a one year high of $29.02.
Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.02. Magnolia Oil & Gas had a return on equity of 20.73% and a net margin of 28.50%. The business had revenue of $350.30 million for the quarter, compared to analyst estimates of $337.83 million. During the same quarter in the prior year, the company posted $0.46 earnings per share. Magnolia Oil & Gas's revenue was up 9.7% on a year-over-year basis.
Magnolia Oil & Gas Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 12th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend was Monday, May 12th. Magnolia Oil & Gas's payout ratio is 29.85%.
Hedge Funds Weigh In On Magnolia Oil & Gas
Institutional investors and hedge funds have recently made changes to their positions in the company. First Trust Advisors LP grew its position in Magnolia Oil & Gas by 24.6% during the fourth quarter. First Trust Advisors LP now owns 15,410,496 shares of the company's stock worth $360,297,000 after buying an additional 3,038,709 shares in the last quarter. Encompass Capital Advisors LLC acquired a new stake in Magnolia Oil & Gas during the first quarter worth approximately $53,819,000. Jane Street Group LLC grew its position in Magnolia Oil & Gas by 1,382.9% during the first quarter. Jane Street Group LLC now owns 1,059,335 shares of the company's stock worth $26,759,000 after buying an additional 987,896 shares in the last quarter. Millennium Management LLC grew its position in Magnolia Oil & Gas by 506.2% during the first quarter. Millennium Management LLC now owns 1,022,836 shares of the company's stock worth $25,837,000 after buying an additional 854,113 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in Magnolia Oil & Gas during the first quarter worth approximately $21,066,000. Institutional investors and hedge funds own 94.73% of the company's stock.
Magnolia Oil & Gas Company Profile
(
Get Free Report)
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.
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