Zacks Research Has Negative Estimate for MGY Q1 Earnings

Magnolia Oil & Gas Corp (NYSE:MGY - Free Report) - Zacks Research lowered their Q1 2027 EPS estimates for shares of Magnolia Oil & Gas in a note issued to investors on Monday, June 23rd. Zacks Research analyst N. Choudhury now forecasts that the company will post earnings per share of $0.45 for the quarter, down from their previous 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 $1.86 EPS.

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

A number of other equities analysts have also commented on the company. Bank of America lifted their price objective on Magnolia Oil & Gas from $23.00 to $25.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Citigroup lowered their price target on shares of Magnolia Oil & Gas from $22.00 to $19.00 and set a "sell" rating for the company in a report on Tuesday, April 8th. JPMorgan Chase & Co. reduced their price objective on shares of Magnolia Oil & Gas from $28.00 to $24.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Piper Sandler lowered their target price on shares of Magnolia Oil & Gas from $25.00 to $24.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Finally, Susquehanna dropped 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 report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Magnolia Oil & Gas has an average rating of "Hold" and an average price target of $27.00.

Magnolia Oil & Gas Trading Up 1.3%

MGY traded up $0.31 during midday trading on Wednesday, hitting $23.19. 2,843,334 shares of the company were exchanged, compared to its average volume of 2,307,703. The firm's 50 day moving average price is $22.28 and its 200-day moving average price is $23.25. Magnolia Oil & Gas has a 1-year low of $19.09 and a 1-year high of $29.02. The firm has a market capitalization of $4.46 billion, a P/E ratio of 11.53, a P/E/G ratio of 3.09 and a beta of 1.29. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.20.

Magnolia Oil & Gas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 12th were issued a dividend of $0.15 per share. The ex-dividend date was Monday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 2.59%. Magnolia Oil & Gas's dividend payout ratio is currently 29.85%.

Institutional Trading of Magnolia Oil & Gas

Large investors have recently made changes to their positions in the company. State of Wyoming boosted its holdings in Magnolia Oil & Gas by 8.2% in the first quarter. State of Wyoming now owns 5,777 shares of the company's stock worth $146,000 after acquiring an additional 440 shares in the last quarter. Isthmus Partners LLC lifted its holdings in shares of Magnolia Oil & Gas by 5.2% in the 4th quarter. Isthmus Partners LLC now owns 9,320 shares of the company's stock worth $218,000 after purchasing an additional 460 shares in the last quarter. OneDigital Investment Advisors LLC lifted its holdings in shares of Magnolia Oil & Gas by 3.0% in the 4th quarter. OneDigital Investment Advisors LLC now owns 15,768 shares of the company's stock worth $369,000 after purchasing an additional 464 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Magnolia Oil & Gas by 1.4% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 40,783 shares of the company's stock valued at $954,000 after purchasing an additional 564 shares during the period. Finally, Larson Financial Group LLC increased its stake in Magnolia Oil & Gas by 112.3% during the 4th quarter. Larson Financial Group LLC now owns 1,072 shares of the company's stock valued at $25,000 after purchasing an additional 567 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

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.