Q2 EPS Estimate for Magnolia Oil & Gas Lifted by Analyst

Key Points

• Zacks Research has increased its Q2 2027 earnings estimate for Magnolia Oil & Gas to $0.49 per share, up from the previous estimate of $0.48.
• The company's latest quarterly revenue was $318.98 million, surpassing estimates of $311.58 million, although earnings per share fell to $0.43 compared to $0.51 in the previous year.
• Magnolia Oil & Gas has a current dividend yield of 2.5% with an annualized dividend of $0.60, and its stock has a consensus target price of $26.42 based on analysts' ratings.

Magnolia Oil & Gas Corp (NYSE:MGY - Free Report) - Equities research analysts at Zacks Research upped their Q2 2027 earnings estimates for shares of Magnolia Oil & Gas in a research report issued to clients and investors on Friday, October 3rd. Zacks Research analyst Team now anticipates that the company will post earnings of $0.49 per share for the quarter, up from their prior forecast of $0.48. The consensus estimate for Magnolia Oil & Gas' current full-year earnings is $2.10 per share. Zacks Research also issued estimates for Magnolia Oil & Gas' FY2027 earnings at $1.97 EPS.

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

Other equities analysts have also issued reports about the stock. Wells Fargo & Company decreased their price objective on shares of Magnolia Oil & Gas from $22.00 to $21.00 and set an "underweight" rating for the company in a report on Monday, June 16th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Magnolia Oil & Gas in a research report on Saturday, September 27th. William Blair started coverage on shares of Magnolia Oil & Gas in a research report on Monday, August 25th. They issued an "outperform" rating for the company. Mizuho cut their target price on shares of Magnolia Oil & Gas from $26.00 to $25.00 and set a "neutral" rating for the company in a research report on Monday, September 15th. Finally, Citigroup reaffirmed a "sell" rating on shares of Magnolia Oil & Gas in a research report on Thursday, July 10th. Four analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $26.42.

Magnolia Oil & Gas Price Performance

Shares of NYSE MGY opened at $23.63 on Monday. Magnolia Oil & Gas has a twelve month low of $19.09 and a twelve month high of $29.02. The firm has a market cap of $4.51 billion, a P/E ratio of 12.37, a PEG ratio of 3.10 and a beta of 1.24. The company has a 50 day moving average of $24.06 and a 200 day moving average of $23.11. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.20.

Magnolia Oil & Gas Dividend Announcement

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

Institutional Investors Weigh In On Magnolia Oil & Gas

Hedge funds have recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Magnolia Oil & Gas by 236.2% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,190 shares of the company's stock valued at $27,000 after acquiring an additional 836 shares during the period. Opal Wealth Advisors LLC bought a new stake in shares of Magnolia Oil & Gas during the 1st quarter valued at $30,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Magnolia Oil & Gas during the 2nd quarter valued at $30,000. EverSource Wealth Advisors LLC grew its position in shares of Magnolia Oil & Gas by 165.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,386 shares of the company's stock valued at $31,000 after acquiring an additional 864 shares during the period. Finally, Geneos Wealth Management Inc. grew its position in shares of Magnolia Oil & Gas by 90.5% during the 2nd quarter. Geneos Wealth Management Inc. now owns 2,212 shares of the company's stock valued at $50,000 after acquiring an additional 1,051 shares during the period. 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.

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