Magnolia Oil & Gas Corp (NYSE:MGY) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Magnolia Oil & Gas Corp has an average analyst recommendation of "Hold," with two analysts giving it a sell rating, eight a hold rating, and four a buy rating.
• The company's recent quarterly earnings report showed an EPS of $0.43, exceeding analysts' expectations, but revenue declined by 5.3% compared to the previous year.
• Magnolia has declared a quarterly dividend of $0.15, which represents an annualized yield of 2.5% and a payout ratio of 31.41%.

Magnolia Oil & Gas Corp (NYSE:MGY - Get Free Report) has been assigned an average recommendation of "Hold" from the fourteen research firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $26.4167.

MGY has been the subject of a number of recent research reports. Citigroup reiterated a "sell" rating on shares of Magnolia Oil & Gas in a research report on Thursday, July 10th. UBS Group reissued a "buy" rating and issued a $29.00 price target (up from $26.00) on shares of Magnolia Oil & Gas in a research note on Friday, June 13th. Mizuho decreased their price target on Magnolia Oil & Gas from $26.00 to $25.00 and set a "neutral" rating on the stock in a research note on Monday. Bank of America raised their price target on Magnolia Oil & Gas from $23.00 to $25.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Finally, William Blair initiated coverage on Magnolia Oil & Gas in a research note on Monday, August 25th. They issued an "outperform" rating on the stock.

Magnolia Oil & Gas Trading Down 0.5%

Magnolia Oil & Gas stock opened at $23.67 on Tuesday. The stock has a market cap of $4.52 billion, a PE ratio of 12.39, a P/E/G ratio of 3.14 and a beta of 1.33. The stock has a 50-day moving average price of $23.80 and a 200 day moving average price of $23.02. Magnolia Oil & Gas has a 52 week low of $19.09 and a 52 week high of $29.02. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.20.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.03. The firm had revenue of $318.98 million during the quarter, compared to analysts' expectations of $311.58 million. Magnolia Oil & Gas had a return on equity of 19.34% and a net margin of 27.57%.The firm's quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.51 EPS. Equities research analysts predict that Magnolia Oil & Gas will post 2.1 earnings per share for the current fiscal year.

Magnolia Oil & Gas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Monday, August 11th. Magnolia Oil & Gas's dividend payout ratio (DPR) is presently 31.41%.

Institutional Trading of Magnolia Oil & Gas

A number of hedge funds have recently added to or reduced their stakes in MGY. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Magnolia Oil & Gas by 236.2% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,190 shares of the company's stock valued at $27,000 after purchasing an additional 836 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of Magnolia Oil & Gas in the 1st quarter valued at about $30,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Magnolia Oil & Gas in the 2nd quarter valued at about $30,000. EverSource Wealth Advisors LLC lifted its stake in shares of Magnolia Oil & Gas by 165.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,386 shares of the company's stock valued at $31,000 after purchasing an additional 864 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Magnolia Oil & Gas by 90.5% in the 2nd quarter. Geneos Wealth Management Inc. now owns 2,212 shares of the company's stock valued at $50,000 after purchasing an additional 1,051 shares in the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

About Magnolia Oil & Gas

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.