Brokers Offer Predictions for MGY Q1 Earnings

Magnolia Oil & Gas Corp (NYSE:MGY - Free Report) - Investment analysts at Capital One Financial issued their Q1 2026 EPS estimates for Magnolia Oil & Gas in a research note issued to investors on Wednesday, July 2nd. Capital One Financial analyst P. Johnston expects that the company will post earnings per share of $0.49 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.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. Magnolia Oil & Gas had a net margin of 28.50% and a return on equity of 20.73%. The business had revenue of $350.30 million during the quarter, compared to analyst estimates of $337.83 million. During the same quarter last year, the firm posted $0.46 earnings per share. The business's revenue for the quarter was up 9.7% compared to the same quarter last year.

Other research analysts have also issued research reports about the stock. JPMorgan Chase & Co. lowered their price objective on shares of Magnolia Oil & Gas from $28.00 to $24.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Susquehanna decreased their price target on shares of Magnolia Oil & Gas from $31.00 to $30.00 and set a "positive" rating for the company in a research note on Tuesday, April 22nd. UBS Group reiterated a "buy" rating and issued a $29.00 price target (up previously from $26.00) on shares of Magnolia Oil & Gas in a research note on Friday, June 13th. Wells Fargo & Company decreased their price target on shares of Magnolia Oil & Gas from $22.00 to $21.00 and set an "underweight" rating for the company in a research note on Monday, June 16th. Finally, Citigroup decreased their price target on shares of Magnolia Oil & Gas from $22.00 to $19.00 and set a "sell" rating for the company in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Magnolia Oil & Gas has a consensus rating of "Hold" and an average target price of $27.00.

Magnolia Oil & Gas Stock Down 3.6%

Shares of NYSE MGY traded down $0.83 during midday trading on Friday, hitting $22.50. The company's stock had a trading volume of 3,906,725 shares, compared to its average volume of 2,360,335. The business's fifty day simple moving average is $22.55 and its two-hundred day simple moving average is $23.16. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.33 and a quick ratio of 1.33. Magnolia Oil & Gas has a 1 year low of $19.09 and a 1 year high of $29.02. The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of 11.19, a price-to-earnings-growth ratio of 3.11 and a beta of 1.28.

Institutional Trading of Magnolia Oil & Gas

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Larson Financial Group LLC increased its holdings in shares of Magnolia Oil & Gas by 112.3% in the 4th quarter. Larson Financial Group LLC now owns 1,072 shares of the company's stock valued at $25,000 after acquiring an additional 567 shares during the period. Opal Wealth Advisors LLC acquired a new position in shares of Magnolia Oil & Gas in the 1st quarter valued at $30,000. Quarry LP increased its holdings in shares of Magnolia Oil & Gas by 1,047.8% in the 4th quarter. Quarry LP now owns 2,135 shares of the company's stock valued at $50,000 after acquiring an additional 1,949 shares during the period. Parallel Advisors LLC increased its holdings in shares of Magnolia Oil & Gas by 122.8% in the 1st quarter. Parallel Advisors LLC now owns 2,308 shares of the company's stock valued at $58,000 after acquiring an additional 1,272 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Magnolia Oil & Gas by 95.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,777 shares of the company's stock valued at $88,000 after acquiring an additional 1,844 shares during the period. Institutional investors and hedge funds own 94.73% of the company's stock.

Magnolia Oil & Gas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 12th were issued a dividend of $0.15 per share. The ex-dividend date was Monday, May 12th. This represents a $0.60 dividend on an annualized basis and a yield of 2.67%. Magnolia Oil & Gas's payout ratio is currently 29.85%.

Magnolia Oil & Gas Company Profile

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.