What is Zacks Research's Forecast 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) - Analysts at Zacks Research lifted their FY2025 EPS estimates for Magnolia Oil & Gas in a note issued to investors on Wednesday, August 13th. Zacks Research analyst N. Choudhury now anticipates that the company will earn $1.82 per share for the year, up from their prior 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.

Other research analysts have also recently issued research reports about the stock. Bank of America upped their target price on shares of Magnolia Oil & Gas from $23.00 to $25.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Wells Fargo & Company decreased their target price on shares of Magnolia Oil & Gas from $22.00 to $21.00 and set an "underweight" rating on the stock in a research report on Monday, June 16th. Susquehanna decreased their target price 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. 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. Finally, Citigroup reissued a "sell" rating on shares of Magnolia Oil & Gas in a research report on Thursday, July 10th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $26.67.

Magnolia Oil & Gas Trading Down 0.4%

NYSE MGY traded down $0.09 during trading hours on Friday, reaching $23.72. The company had a trading volume of 139,958 shares, compared to its average volume of 2,671,073. The stock has a 50-day moving average of $23.52 and a 200 day moving average of $22.98. Magnolia Oil & Gas has a 1-year low of $19.09 and a 1-year 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 has a market capitalization of $4.53 billion, a P/E ratio of 12.42, a price-to-earnings-growth ratio of 3.09 and a beta of 1.31.

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 (EPS) for the quarter, beating 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 firm had revenue of $318.98 million during the quarter, compared to analyst estimates of $311.58 million. During the same quarter in the prior year, the firm posted $0.51 earnings per share. Magnolia Oil & Gas's quarterly revenue was down 5.3% on a year-over-year basis.

Magnolia Oil & Gas Dividend Announcement

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

Institutional Trading of Magnolia Oil & Gas

A number of large investors have recently made changes to their positions in the company. First Trust Advisors LP increased its stake in Magnolia Oil & Gas by 24.6% in the fourth quarter. First Trust Advisors LP now owns 15,410,496 shares of the company's stock valued at $360,297,000 after purchasing an additional 3,038,709 shares during the last quarter. American Century Companies Inc. increased its stake in Magnolia Oil & Gas by 12.9% in the second quarter. American Century Companies Inc. now owns 11,861,231 shares of the company's stock valued at $266,641,000 after purchasing an additional 1,358,878 shares during the last quarter. Janus Henderson Group PLC increased its stake in Magnolia Oil & Gas by 11.7% in the fourth quarter. Janus Henderson Group PLC now owns 6,396,875 shares of the company's stock valued at $149,559,000 after purchasing an additional 667,973 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Magnolia Oil & Gas by 12.5% in the first quarter. Dimensional Fund Advisors LP now owns 5,365,892 shares of the company's stock valued at $135,541,000 after purchasing an additional 597,845 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Magnolia Oil & Gas by 5.6% in the second quarter. Geode Capital Management LLC now owns 4,531,855 shares of the company's stock valued at $101,895,000 after purchasing an additional 238,356 shares during the last quarter. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Magnolia Oil & Gas Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.