Zacks Research Has Positive Estimate for MGY FY2025 Earnings

Key Points

• Analysts at Zacks Research have raised their FY2025 EPS estimate for Magnolia Oil & Gas to $1.82, indicating an increase from their previous estimate of $1.76.
• The current consensus estimate for Magnolia Oil & Gas' full-year earnings stands at $2.10 per share, with various analysts providing differing target prices ranging from $21.00 to $31.00.
• Magnolia Oil & Gas recently announced a quarterly dividend of $0.15 per share, reflecting a dividend yield of 2.5% and a payout ratio of 31.41%.

Magnolia Oil & Gas Corp (NYSE:MGY - Free Report) - Equities research analysts at Zacks Research increased their FY2025 EPS estimates for Magnolia Oil & Gas in a research note issued to investors on Wednesday, August 13th. Zacks Research analyst N. Choudhury now anticipates that the company will post earnings per share of $1.82 for the year, up from their previous estimate of $1.76. 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' Q2 2026 earnings at $0.43 EPS.

Several other brokerages have also recently issued reports on MGY. UBS Group restated a "buy" rating and issued a $29.00 target price (up previously from $26.00) on shares of Magnolia Oil & Gas in a report on Friday, June 13th. Susquehanna decreased 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 report on Tuesday, April 22nd. Bank of America increased their price target on shares of Magnolia Oil & Gas from $23.00 to $25.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Citigroup reiterated a "sell" rating on shares of Magnolia Oil & Gas in a research report on Thursday, July 10th. Finally, Piper Sandler increased their price target on shares of Magnolia Oil & Gas from $24.00 to $25.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $26.67.

Magnolia Oil & Gas Stock Performance

MGY stock traded up $0.0450 on Friday, hitting $23.1450. The company had a trading volume of 1,351,550 shares, compared to its average volume of 2,655,789. Magnolia Oil & Gas has a 12-month low of $19.09 and a 12-month high of $29.02. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.20. The stock's 50-day simple moving average is $23.53 and its 200 day simple moving average is $22.95. The stock has a market cap of $4.42 billion, a price-to-earnings ratio of 12.12, a P/E/G ratio of 3.01 and a beta of 1.31.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $311.58 million. During the same quarter last year, the company posted $0.51 earnings per share. The firm's quarterly revenue was down 5.3% on a year-over-year basis.

Magnolia Oil & Gas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 11th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, August 11th. Magnolia Oil & Gas's dividend payout ratio (DPR) is presently 31.41%.

Institutional Trading of Magnolia Oil & Gas

Institutional investors and hedge funds have recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised 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 purchasing 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 raised 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 purchasing an additional 864 shares during the period. Finally, Quarry LP raised its position 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 purchasing an additional 1,949 shares during the period. 94.73% of the stock is currently owned by institutional investors.

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.