Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) - Analysts at Roth Capital cut their Q4 2024 earnings estimates for shares of Magnolia Oil & Gas in a research report issued on Tuesday, May 7th. Roth Capital analyst L. Mariani now expects that the company will post earnings of $0.54 per share for the quarter, down from their prior forecast of $0.57. The consensus estimate for Magnolia Oil & Gas' current full-year earnings is $2.11 per share. Roth Capital also issued estimates for Magnolia Oil & Gas' Q1 2025 earnings at $0.52 EPS, Q2 2025 earnings at $0.49 EPS, Q3 2025 earnings at $0.54 EPS, Q4 2025 earnings at $0.64 EPS and FY2025 earnings at $2.19 EPS.
Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last issued its quarterly earnings data on Wednesday, February 14th. The company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.04). The business had revenue of $322.63 million during the quarter, compared to the consensus estimate of $324.95 million. Magnolia Oil & Gas had a return on equity of 21.21% and a net margin of 31.65%.
A number of other analysts also recently weighed in on MGY. The Goldman Sachs Group increased their target price on shares of Magnolia Oil & Gas from $24.50 to $28.00 and gave the company a "buy" rating in a research report on Tuesday, March 26th. Piper Sandler reissued a "neutral" rating and set a $29.00 target price on shares of Magnolia Oil & Gas in a research note on Friday, April 19th. Truist Financial upped their price target on shares of Magnolia Oil & Gas from $32.00 to $33.00 and gave the company a "buy" rating in a research report on Friday, February 16th. Susquehanna lifted their price objective on Magnolia Oil & Gas from $28.00 to $31.00 and gave the stock a "positive" rating in a research report on Monday, April 22nd. Finally, Benchmark reissued a "hold" rating on shares of Magnolia Oil & Gas in a research note on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $27.63.
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Magnolia Oil & Gas Trading Up 2.4 %
Shares of NYSE MGY traded up $0.62 during trading on Thursday, reaching $26.50. The company had a trading volume of 2,479,327 shares, compared to its average volume of 3,127,725. Magnolia Oil & Gas has a 12 month low of $18.91 and a 12 month high of $27.33. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.21. The stock has a market cap of $5.41 billion, a P/E ratio of 13.18, a PEG ratio of 1.52 and a beta of 2.03. The company's fifty day moving average price is $25.34 and its 200-day moving average price is $22.67.
Magnolia Oil & Gas Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 13th will be issued a dividend of $0.13 per share. The ex-dividend date is Friday, May 10th. This represents a $0.52 annualized dividend and a dividend yield of 1.96%. Magnolia Oil & Gas's dividend payout ratio is 25.87%.
Hedge Funds Weigh In On Magnolia Oil & Gas
A number of large investors have recently modified their holdings of MGY. First Trust Advisors LP boosted its position in shares of Magnolia Oil & Gas by 20.2% during the fourth quarter. First Trust Advisors LP now owns 10,126,891 shares of the company's stock valued at $215,602,000 after buying an additional 1,704,982 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Magnolia Oil & Gas by 2.1% during the 4th quarter. Victory Capital Management Inc. now owns 6,162,526 shares of the company's stock worth $131,200,000 after acquiring an additional 128,097 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Magnolia Oil & Gas by 24.7% in the 3rd quarter. American Century Companies Inc. now owns 6,009,953 shares of the company's stock worth $137,688,000 after acquiring an additional 1,188,536 shares in the last quarter. Wasatch Advisors LP raised its holdings in shares of Magnolia Oil & Gas by 2.2% in the fourth quarter. Wasatch Advisors LP now owns 3,679,262 shares of the company's stock valued at $78,331,000 after purchasing an additional 77,733 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Magnolia Oil & Gas by 7.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,506,042 shares of the company's stock valued at $74,647,000 after purchasing an additional 257,806 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors.
Magnolia Oil & Gas Company Profile
(
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Magnolia Oil & Gas Corporation, an independent oil and natural gas company, engages in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids reserves in the United States. Its properties are located primarily in Karnes County and the Giddings area in South Texas principally comprising the Eagle Ford Shale and the Austin Chalk formation.
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