Zacks Research Brokers Reduce Earnings Estimates for MGY

Key Points

• Zacks Research lowered Magnolia Oil & Gas’ Q3 2026 earnings estimate to $0.38 per share from $0.40, while maintaining a “Strong Buy” rating. Full-year consensus earnings are $2.75 per share.
• Analyst sentiment remains favorable overall, with a consensus “Moderate Buy” rating and an average price target of $31.47, compared with the stock’s reported $24.86 price.
• Magnolia recently reported stronger-than-expected quarterly results, including $0.99 EPS and $478.81 million in revenue, and increased its quarterly dividend to $0.18 per share, implying a 2.9% yield.

Magnolia Oil & Gas Corp (NYSE:MGY - Free Report) - Investment analysts at Zacks Research dropped their Q3 2026 earnings estimates for Magnolia Oil & Gas in a report released on Wednesday, October 14th. Zacks Research analyst Team now forecasts that the company will post earnings of $0.38 per share for the quarter, down from their prior forecast of $0.40. Zacks Research currently has a "Strong-Buy" rating on the stock. The consensus estimate for Magnolia Oil & Gas' current full-year earnings is $2.75 per share.

Several other research analysts have also recently commented on MGY. Weiss Ratings upgraded Magnolia Oil & Gas from a "hold (c)" rating to a "buy (b-)" rating in a research note on Tuesday, August 11th. Citigroup lowered their price objective on Magnolia Oil & Gas from $29.00 to $27.00 and set a "neutral" rating for the company in a research note on Tuesday, August 11th. Seaport Research Partners initiated coverage on Magnolia Oil & Gas in a research note on Thursday, September 3rd. They set a "neutral" rating for the company. Johnson Rice raised Magnolia Oil & Gas from a "hold" rating to an "accumulate" rating and cut their target price for the company from $33.00 to $32.00 in a research report on Monday, August 17th. Finally, UBS Group reaffirmed a "buy" rating on shares of Magnolia Oil & Gas in a research report on Friday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $31.47.

Magnolia Oil & Gas Stock Down 1.0%

NYSE MGY opened at $24.86 on Thursday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.18. Magnolia Oil & Gas has a fifty-two week low of $21.07 and a fifty-two week high of $32.76. The business has a 50 day moving average price of $25.86 and a two-hundred day moving average price of $27.10. The stock has a market cap of $5.89 billion, a PE ratio of 10.91 and a beta of 0.80.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.93 by $0.06. Magnolia Oil & Gas had a return on equity of 21.04% and a net margin of 28.77%. The company had revenue of $478.81 million during the quarter, compared to analyst estimates of $458.10 million. During the same period in the prior year, the firm posted $0.41 earnings per share. The firm's revenue was up 50.1% on a year-over-year basis.

Magnolia Oil & Gas Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 10th were given a dividend of $0.18 per share. This is an increase from Magnolia Oil & Gas's previous quarterly dividend of $0.1650. This represents a $0.72 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Monday, August 10th. Magnolia Oil & Gas's payout ratio is currently 31.58%.

Insider Buying and Selling at Magnolia Oil & Gas

In other Magnolia Oil & Gas news, Director David Khani bought 8,000 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were purchased at an average cost of $25.00 per share, for a total transaction of $200,000.00. Following the transaction, the director directly owned 30,622 shares in the company, valued at $765,550. The trade was a 35.36% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.92% of the stock is currently owned by company insiders.

Institutional Trading of Magnolia Oil & Gas

A number of hedge funds and other institutional investors have recently modified their holdings of MGY. Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Magnolia Oil & Gas by 96.5% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 1,711,173 shares of the company's stock worth $40,195,000 after acquiring an additional 840,275 shares in the last quarter. Central Pacific Bank Trust Division grew its stake in Magnolia Oil & Gas by 96.4% in the third quarter. Central Pacific Bank Trust Division now owns 11,430 shares of the company's stock valued at $268,000 after purchasing an additional 5,610 shares in the last quarter. Tidal Investments LLC grew its stake in Magnolia Oil & Gas by 34.3% in the second quarter. Tidal Investments LLC now owns 93,383 shares of the company's stock valued at $2,389,000 after purchasing an additional 23,833 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in Magnolia Oil & Gas in the second quarter valued at about $72,000. Finally, IFP Advisors Inc increased its position in Magnolia Oil & Gas by 12.2% in the 2nd quarter. IFP Advisors Inc now owns 9,180 shares of the company's stock worth $235,000 after purchasing an additional 999 shares during the last quarter. Institutional investors own 94.73% of the company's stock.

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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