Magnolia Oil & Gas Corp (NYSE:MGY - Free Report) - Research analysts at Zacks Research raised their Q1 2026 earnings per share (EPS) estimates for shares of Magnolia Oil & Gas in a research report issued on Monday, July 21st. Zacks Research analyst N. Choudhury now forecasts that the company will post earnings of $0.43 per share for the quarter, up from their previous forecast of $0.42. 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 $0.45 EPS, Q3 2026 earnings at $0.47 EPS, Q1 2027 earnings at $0.46 EPS, Q2 2027 earnings at $0.47 EPS and FY2027 earnings at $1.88 EPS.
Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.02. Magnolia Oil & Gas had a return on equity of 20.73% and a net margin of 28.50%. The business had revenue of $350.30 million for the quarter, compared to analysts' expectations of $337.83 million. During the same quarter in the previous year, the business posted $0.46 EPS. Magnolia Oil & Gas's revenue for the quarter was up 9.7% on a year-over-year basis.
Several other equities research analysts have also recently commented on MGY. Bank of America boosted their target price on Magnolia Oil & Gas from $23.00 to $25.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Citigroup restated a "sell" rating on shares of Magnolia Oil & Gas in a research note on Thursday, July 10th. Piper Sandler upped their price objective on Magnolia Oil & Gas from $24.00 to $25.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Wells Fargo & Company dropped their price objective on 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, UBS Group reissued a "buy" rating and set a $29.00 target price (up from $26.00) on shares of Magnolia Oil & Gas in a report on Friday, June 13th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $26.67.
Read Our Latest Analysis on MGY
Magnolia Oil & Gas Stock Up 2.4%
NYSE MGY traded up $0.57 during trading on Thursday, hitting $24.31. The stock had a trading volume of 967,044 shares, compared to its average volume of 2,665,007. The company has a market capitalization of $4.68 billion, a PE ratio of 12.09, a P/E/G ratio of 3.10 and a beta of 1.28. The company's 50-day moving average price is $23.00 and its two-hundred day moving average price is $23.14. 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 12 month low of $19.09 and a 12 month high of $29.02.
Institutional Trading of Magnolia Oil & Gas
Several large investors have recently bought and sold shares of the business. Boston Trust Walden Corp boosted its stake in Magnolia Oil & Gas by 26.0% in the second quarter. Boston Trust Walden Corp now owns 4,003,770 shares of the company's stock valued at $90,005,000 after buying an additional 825,162 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Magnolia Oil & Gas by 4.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 3,307,951 shares of the company's stock valued at $75,454,000 after buying an additional 132,564 shares in the last quarter. Meritage Portfolio Management boosted its stake in Magnolia Oil & Gas by 3.2% in the second quarter. Meritage Portfolio Management now owns 58,104 shares of the company's stock valued at $1,306,000 after buying an additional 1,778 shares in the last quarter. CWM LLC boosted its stake in Magnolia Oil & Gas by 270.6% in the second quarter. CWM LLC now owns 10,361 shares of the company's stock valued at $233,000 after buying an additional 7,565 shares in the last quarter. Finally, KLP Kapitalforvaltning AS boosted its stake in Magnolia Oil & Gas by 6.3% in the second quarter. KLP Kapitalforvaltning AS now owns 47,400 shares of the company's stock valued at $1,066,000 after buying an additional 2,800 shares in the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.
Magnolia Oil & Gas Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 12th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.47%. The ex-dividend date was Monday, May 12th. Magnolia Oil & Gas's dividend payout ratio (DPR) is presently 29.85%.
About Magnolia Oil & Gas
(
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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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