Magnolia Oil & Gas (NYSE:MGY) Now Covered by William Blair

Key Points

• William Blair has initiated coverage on Magnolia Oil & Gas (NYSE: MGY) with an "outperform" rating.
• Magnolia Oil & Gas reported earnings of $0.43 per share, exceeding estimates, but its revenue decreased by 5.3% year-over-year.
• Currently, Magnolia Oil & Gas has a consensus rating of "Hold" from analysts, with an average target price of $26.67.

William Blair initiated coverage on shares of Magnolia Oil & Gas (NYSE:MGY - Get Free Report) in a report issued on Monday, MarketBeat reports. The brokerage set an "outperform" rating on the stock. William Blair also issued estimates for Magnolia Oil & Gas' Q3 2025 earnings at $0.36 EPS, Q4 2025 earnings at $0.37 EPS, FY2025 earnings at $1.70 EPS, FY2026 earnings at $1.88 EPS, FY2027 earnings at $2.30 EPS, FY2028 earnings at $2.59 EPS and FY2029 earnings at $2.74 EPS.

Several other equities research analysts have also recently weighed in on the company. Wells Fargo & Company decreased their target price on 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. Piper Sandler boosted their price objective on shares of Magnolia Oil & Gas from $24.00 to $25.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Bank of America boosted their price objective on shares of Magnolia Oil & Gas from $23.00 to $25.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Citigroup restated a "sell" rating on shares of Magnolia Oil & Gas in a research report on Thursday, July 10th. Finally, 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 report on Friday, June 13th. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $26.67.

Magnolia Oil & Gas Stock Up 0.5%

Shares of MGY traded up $0.13 during midday trading on Monday, hitting $24.96. The company had a trading volume of 2,589,278 shares, compared to its average volume of 2,260,378. Magnolia Oil & Gas has a 1 year low of $19.09 and a 1 year high of $29.02. The company's 50-day simple moving average is $23.57 and its 200-day simple moving average is $22.99. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.44 and a current ratio of 1.44. The firm has a market capitalization of $4.76 billion, a P/E ratio of 13.07, a P/E/G ratio of 3.25 and a beta of 1.31.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.03. The business had revenue of $318.98 million during the quarter, compared to analysts' expectations of $311.58 million. Magnolia Oil & Gas had a net margin of 27.57% and a return on equity of 19.34%. The company's revenue for the quarter was down 5.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.51 EPS. As a group, sell-side analysts expect that Magnolia Oil & Gas will post 2.1 EPS for the current year.

Institutional Investors Weigh In On Magnolia Oil & Gas

Large investors have recently modified their holdings of the stock. Mariner LLC raised its stake in shares of Magnolia Oil & Gas by 1.8% during the fourth quarter. Mariner LLC now owns 43,229 shares of the company's stock worth $1,011,000 after purchasing an additional 762 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Magnolia Oil & Gas by 4.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 15,470 shares of the company's stock worth $391,000 after buying an additional 715 shares during the last quarter. Foster Victor Wealth Advisors LLC raised its position in Magnolia Oil & Gas by 7.1% during the 1st quarter. Foster Victor Wealth Advisors LLC now owns 336,917 shares of the company's stock worth $8,511,000 after buying an additional 22,402 shares during the last quarter. GF Fund Management CO. LTD. purchased a new position in Magnolia Oil & Gas during the 4th quarter worth $1,370,000. Finally, Northern Trust Corp raised its holdings in Magnolia Oil & Gas by 7.3% during the fourth quarter. Northern Trust Corp now owns 1,936,398 shares of the company's stock worth $45,273,000 after purchasing an additional 131,941 shares in the last quarter. Hedge funds and other institutional investors own 94.73% of the company's stock.

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.