Q1 EPS Estimate for Magnolia Oil & Gas Reduced by Analyst

Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) - Investment analysts at KeyCorp reduced their Q1 2025 EPS estimates for Magnolia Oil & Gas in a research report issued to clients and investors on Sunday, April 20th. KeyCorp analyst T. Rezvan now forecasts that the company will earn $0.54 per share for the quarter, down from their previous forecast of $0.56. 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 2025 earnings at $0.41 EPS, Q3 2025 earnings at $0.44 EPS, Q4 2025 earnings at $0.46 EPS, Q1 2026 earnings at $0.51 EPS, Q2 2026 earnings at $0.47 EPS, Q3 2026 earnings at $0.48 EPS, Q4 2026 earnings at $0.53 EPS and FY2026 earnings at $1.99 EPS.

A number of other equities research analysts also recently commented on the company. Susquehanna lowered their price objective on Magnolia Oil & Gas from $31.00 to $30.00 and set a "positive" rating for the company in a research report on Tuesday, April 22nd. Johnson Rice downgraded Magnolia Oil & Gas from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, January 28th. The Goldman Sachs Group downgraded Magnolia Oil & Gas from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $27.00 to $26.00 in a research report on Friday, January 31st. Bank of America reaffirmed a "neutral" rating and issued a $28.00 price objective (down previously from $29.00) on shares of Magnolia Oil & Gas in a research report on Monday, January 13th. Finally, Piper Sandler lowered their price objective on Magnolia Oil & Gas from $26.00 to $25.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $27.21.

Magnolia Oil & Gas Trading Down 0.7 %

Shares of Magnolia Oil & Gas stock traded down $0.16 during trading hours on Tuesday, reaching $21.21. 2,055,896 shares of the company's stock were exchanged, compared to its average volume of 2,298,717. The firm has a market capitalization of $4.12 billion, a price-to-earnings ratio of 10.99, a price-to-earnings-growth ratio of 3.01 and a beta of 1.57. The company has a current ratio of 1.42, a quick ratio of 1.47 and a debt-to-equity ratio of 0.20. Magnolia Oil & Gas has a 52-week low of $19.09 and a 52-week high of $29.02. The company has a fifty day moving average of $22.85 and a 200-day moving average of $24.51.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.03. Magnolia Oil & Gas had a net margin of 27.82% and a return on equity of 20.74%. The company had revenue of $326.61 million for the quarter, compared to the consensus estimate of $327.40 million.

Magnolia Oil & Gas Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from Magnolia Oil & Gas's previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a dividend yield of 2.83%. Magnolia Oil & Gas's dividend payout ratio is 31.09%.

Insider Activity

In related news, CEO Christopher G. Stavros acquired 2,500 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were acquired at an average cost of $22.05 per share, for a total transaction of $55,125.00. Following the completion of the purchase, the chief executive officer now directly owns 892,372 shares in the company, valued at $19,676,802.60. This trade represents a 0.28 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.20% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of MGY. HighTower Advisors LLC acquired a new position in Magnolia Oil & Gas during the third quarter worth about $353,000. MML Investors Services LLC raised its holdings in shares of Magnolia Oil & Gas by 13.0% during the third quarter. MML Investors Services LLC now owns 9,522 shares of the company's stock valued at $233,000 after acquiring an additional 1,096 shares during the period. Barclays PLC lifted its position in shares of Magnolia Oil & Gas by 62.5% in the 3rd quarter. Barclays PLC now owns 1,653,736 shares of the company's stock valued at $40,383,000 after acquiring an additional 636,049 shares in the last quarter. Sanctuary Advisors LLC grew its position in Magnolia Oil & Gas by 11.4% during the 3rd quarter. Sanctuary Advisors LLC now owns 18,123 shares of the company's stock worth $443,000 after purchasing an additional 1,857 shares in the last quarter. Finally, Tidal Investments LLC grew its position in Magnolia Oil & Gas by 21.9% during the 3rd quarter. Tidal Investments LLC now owns 34,636 shares of the company's stock worth $846,000 after purchasing an additional 6,225 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.