Zacks Research Has Pessimistic Outlook of MGY Q1 Earnings

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

MGY has been the subject of several other reports. Wells Fargo & Company reduced their price objective on Magnolia Oil & Gas from $22.00 to $21.00 and set an "underweight" rating for the company in a research note on Monday, June 16th. Williams Trading set a $29.00 target price on Magnolia Oil & Gas in a research note on Wednesday, March 5th. Piper Sandler cut their target price on 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. Susquehanna cut their target price on Magnolia Oil & Gas from $31.00 to $30.00 and set a "positive" rating for the company in a research note on Tuesday, April 22nd. Finally, Bank of America increased their target price 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. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Magnolia Oil & Gas presently has an average rating of "Hold" and a consensus price target of $27.00.

Magnolia Oil & Gas Stock Performance

MGY traded down $0.19 on Wednesday, hitting $22.98. 8,280,797 shares of the company traded hands, compared to its average volume of 2,334,697. The company has a 50 day moving average of $22.31 and a 200-day moving average of $23.24. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $4.42 billion, a PE ratio of 11.43, a PEG ratio of 3.08 and a beta of 1.29. Magnolia Oil & Gas has a 12-month low of $19.09 and a 12-month high of $29.02.

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

Magnolia Oil & Gas Dividend Announcement

The company 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 2.61%. The ex-dividend date was Monday, May 12th. Magnolia Oil & Gas's payout ratio is currently 29.85%.

Hedge Funds Weigh In On Magnolia Oil & Gas

Hedge funds have recently bought and sold shares of the company. Mariner LLC increased its stake in Magnolia Oil & Gas by 1.8% in the 4th quarter. Mariner LLC now owns 43,229 shares of the company's stock valued at $1,011,000 after purchasing an additional 762 shares in the last quarter. Foster Victor Wealth Advisors LLC boosted its holdings in shares of Magnolia Oil & Gas by 7.1% during the first quarter. Foster Victor Wealth Advisors LLC now owns 336,917 shares of the company's stock worth $8,511,000 after purchasing an additional 22,402 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Magnolia Oil & Gas by 4.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,076,541 shares of the company's stock worth $48,550,000 after purchasing an additional 85,524 shares during the last quarter. GF Fund Management CO. LTD. acquired a new stake in shares of Magnolia Oil & Gas during the fourth quarter worth $1,370,000. Finally, Northern Trust Corp boosted its holdings in shares of Magnolia Oil & Gas by 7.3% during the fourth quarter. Northern Trust Corp now owns 1,936,398 shares of the company's stock worth $45,273,000 after purchasing an additional 131,941 shares during the last quarter. 94.73% of the stock is 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.