Zacks Research Has Positive Forecast for MGY FY2026 Earnings

Magnolia Oil & Gas Corp (NYSE:MGY - Free Report) - Stock analysts at Zacks Research lifted their FY2026 EPS estimates for Magnolia Oil & Gas in a note issued to investors on Monday, July 21st. Zacks Research analyst N. Choudhury now forecasts that the company will earn $1.82 per share for the year, up from their prior estimate of $1.79. The consensus estimate for Magnolia Oil & Gas' current full-year earnings is $2.10 per share.

MGY has been the topic of a number of other research reports. Piper Sandler upped their price target on shares of Magnolia Oil & Gas from $24.00 to $25.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Citigroup restated a "sell" rating on shares of Magnolia Oil & Gas in a research note on Thursday, July 10th. UBS Group restated a "buy" rating and set a $29.00 price target (up previously from $26.00) on shares of Magnolia Oil & Gas in a research note on Friday, June 13th. Wells Fargo & Company cut their price target on shares of Magnolia Oil & Gas from $22.00 to $21.00 and set an "underweight" rating on the stock in a research note on Monday, June 16th. Finally, Susquehanna cut their price target on shares of Magnolia Oil & Gas from $31.00 to $30.00 and set a "positive" rating on the stock in a research note on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $26.67.

Magnolia Oil & Gas Price Performance

Shares of NYSE:MGY traded down $0.24 on Wednesday, reaching $23.75. The company's stock had a trading volume of 1,866,094 shares, compared to its average volume of 2,615,154. The company has a market cap of $4.57 billion, a P/E ratio of 11.81, a PEG ratio of 3.13 and a beta of 1.28. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.33 and a current ratio of 1.33. Magnolia Oil & Gas has a 52-week low of $19.09 and a 52-week high of $29.02. The company has a 50-day simple moving average of $23.00 and a 200 day simple moving average of $23.16.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.02. The business had revenue of $350.30 million for the quarter, compared to the consensus estimate of $337.83 million. Magnolia Oil & Gas had a net margin of 28.50% and a return on equity of 20.73%. The company's quarterly revenue was up 9.7% on a year-over-year basis. During the same period last year, the firm earned $0.46 earnings per share.

Magnolia Oil & Gas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 12th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend was Monday, May 12th. Magnolia Oil & Gas's payout ratio is currently 29.85%.

Hedge Funds Weigh In On Magnolia Oil & Gas

A number of institutional investors have recently bought and sold shares of the stock. Opal Wealth Advisors LLC acquired a new stake in shares of Magnolia Oil & Gas during the 1st quarter valued at about $30,000. Quarry LP lifted its holdings in shares of Magnolia Oil & Gas by 1,047.8% during the 4th quarter. Quarry LP now owns 2,135 shares of the company's stock valued at $50,000 after buying an additional 1,949 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Magnolia Oil & Gas by 122.8% during the 1st quarter. Parallel Advisors LLC now owns 2,308 shares of the company's stock valued at $58,000 after buying an additional 1,272 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Magnolia Oil & Gas by 16.8% during the 1st quarter. Farther Finance Advisors LLC now owns 4,366 shares of the company's stock valued at $111,000 after buying an additional 629 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Magnolia Oil & Gas by 98.6% during the 2nd quarter. GAMMA Investing LLC now owns 5,009 shares of the company's stock valued at $113,000 after buying an additional 2,487 shares during 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.