Q1 EPS Estimates for Magnolia Oil & Gas Boosted by KeyCorp

Key Points

• KeyCorp sharply raised Magnolia's Q1 2026 EPS estimate to $0.58 (from $0.42), boosted FY2026 to $3.22 and FY2027 to $3.02, and assigned an Overweight rating with a $38 price target.
• Magnolia recently beat the latest quarterly EPS ($0.37 vs. $0.36), raised its quarterly dividend to $0.165 (annualized $0.66, ~2.1% yield), and the stock trades around $31.80 with a market cap near $5.93 billion and a PE of ~18.5.
• Insiders sold roughly 338,954 shares worth about $9.9 million in the last quarter (including the CFO and a director), while institutional investors own approximately 94.7% of the company.

Magnolia Oil & Gas Corp (NYSE:MGY - Free Report) - Stock analysts at KeyCorp boosted their Q1 2026 earnings estimates for Magnolia Oil & Gas in a research note issued on Wednesday, April 1st. KeyCorp analyst T. Rezvan now expects that the company will post earnings per share of $0.58 for the quarter, up from their previous estimate of $0.42. KeyCorp currently has a "Overweight" rating and a $38.00 target price on the stock. The consensus estimate for Magnolia Oil & Gas' current full-year earnings is $2.10 per share. KeyCorp also issued estimates for Magnolia Oil & Gas' Q2 2026 earnings at $0.92 EPS, Q3 2026 earnings at $0.87 EPS, Q4 2026 earnings at $0.85 EPS, FY2026 earnings at $3.22 EPS, Q1 2027 earnings at $0.77 EPS, Q2 2027 earnings at $0.76 EPS, Q3 2027 earnings at $0.73 EPS, Q4 2027 earnings at $0.75 EPS and FY2027 earnings at $3.02 EPS.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.01. The business had revenue of $317.63 million for the quarter, compared to analysts' expectations of $322.18 million. Magnolia Oil & Gas had a net margin of 24.79% and a return on equity of 16.67%. The firm's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.44 earnings per share.

MGY has been the topic of several other research reports. Citigroup lifted their price target on shares of Magnolia Oil & Gas from $29.00 to $35.00 and gave the company a "neutral" rating in a report on Tuesday, March 31st. The Goldman Sachs Group lifted their price target on shares of Magnolia Oil & Gas from $23.00 to $26.00 and gave the company a "neutral" rating in a report on Wednesday, February 11th. Zacks Research upgraded shares of Magnolia Oil & Gas from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 26th. Roth Mkm reiterated a "buy" rating on shares of Magnolia Oil & Gas in a report on Tuesday, February 10th. Finally, BMO Capital Markets began coverage on shares of Magnolia Oil & Gas in a report on Friday, January 9th. They issued an "outperform" rating and a $27.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $30.55.

Magnolia Oil & Gas Trading Up 2.4%

NYSE:MGY traded up $0.74 during trading hours on Tuesday, hitting $31.80. The company had a trading volume of 841,969 shares, compared to its average volume of 3,065,652. The company has a market capitalization of $5.93 billion, a PE ratio of 18.49, a price-to-earnings-growth ratio of 2.18 and a beta of 0.83. The stock has a 50-day moving average price of $28.39 and a 200 day moving average price of $24.81. Magnolia Oil & Gas has a 52 week low of $19.09 and a 52 week high of $32.76. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.54 and a quick ratio of 1.54.

Magnolia Oil & Gas Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 10th were issued a dividend of $0.165 per share. This is a boost from Magnolia Oil & Gas's previous quarterly dividend of $0.15. The ex-dividend date was Tuesday, February 10th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.1%. Magnolia Oil & Gas's dividend payout ratio (DPR) is presently 38.37%.

Insider Activity

In other news, CFO Brian Corales sold 33,000 shares of the business's stock in a transaction on Monday, March 9th. The shares were sold at an average price of $29.12, for a total transaction of $960,960.00. Following the sale, the chief financial officer owned 184,178 shares in the company, valued at approximately $5,363,263.36. The trade was a 15.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Edward P. Djerejian sold 18,000 shares of the business's stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $28.98, for a total transaction of $521,640.00. Following the sale, the director owned 110,425 shares in the company, valued at approximately $3,200,116.50. This trade represents a 14.02% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 338,954 shares of company stock worth $9,911,733. 1.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Magnolia Oil & Gas

A number of hedge funds have recently modified their holdings of MGY. JPMorgan Chase & Co. increased its stake in Magnolia Oil & Gas by 34.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 858,972 shares of the company's stock valued at $20,504,000 after purchasing an additional 221,920 shares in the last quarter. TD Asset Management Inc raised its holdings in Magnolia Oil & Gas by 55.7% in the third quarter. TD Asset Management Inc now owns 4,478,361 shares of the company's stock worth $106,898,000 after buying an additional 1,601,809 shares during the last quarter. Bessemer Group Inc. raised its holdings in Magnolia Oil & Gas by 4.4% in the third quarter. Bessemer Group Inc. now owns 912,526 shares of the company's stock worth $21,781,000 after buying an additional 38,502 shares during the last quarter. Heartland Advisors Inc. raised its holdings in Magnolia Oil & Gas by 92.1% in the third quarter. Heartland Advisors Inc. now owns 576,290 shares of the company's stock worth $13,756,000 after buying an additional 276,290 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Magnolia Oil & Gas by 4.7% in the third quarter. Dimensional Fund Advisors LP now owns 6,369,713 shares of the company's stock worth $152,051,000 after buying an additional 283,444 shares during the last quarter. Institutional investors own 94.73% of the company's stock.

Key Magnolia Oil & Gas News

Here are the key news stories impacting Magnolia Oil & Gas this week:

• Positive Sentiment: KeyCorp raised its FY2026 EPS estimate sharply to $3.22 (from $1.86) and now has an Overweight rating with a $38 price target — signaling a markedly improved outlook for the year. Article Title
• Positive Sentiment: KeyCorp also boosted FY2027 EPS to $3.02 (from $2.18) and raised multiple quarterly estimates across Q1–Q4 2026 and Q1–Q4 2027 (examples: Q1 2026 to $0.58, Q2 2026 to $0.92, Q3 2026 to $0.87, Q4 2026 to $0.85; Q1–Q4 2027 quarterly lifts as well). The breadth of the revisions suggests the analyst expects stronger near‑term earnings power. Article Title
• Positive Sentiment: Zacks added MGY to its Rank #1 (Strong Buy) list on April 7, which can attract momentum and fund flows from model‑driven investors. New Strong Buy Stocks for April 7th
• Neutral Sentiment: CNN maintains a stock profile page for MGY (general company/stats hub); no new material company-specific news was reported there in the provided entry. Magnolia Oil & Gas Corp. Class A

About Magnolia Oil & Gas

Magnolia Oil & Gas Corp NYSE: MGY is an independent exploration and production company focused on the acquisition, development and optimization of onshore oil and gas assets in South Texas. Headquartered in Houston, the company concentrates its efforts on the Eagle Ford Shale, where it holds significant working interests in key producing counties.

The company's core operations center on horizontal drilling and multi-stage completions designed to extract light crude oil, natural gas and natural gas liquids (NGLs).

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