Zacks Research Has Positive Outlook for MGY FY2026 Earnings

Magnolia Oil & Gas Corp (NYSE:MGY - Free Report) - Investment analysts at Zacks Research boosted their FY2026 EPS estimates for shares of Magnolia Oil & Gas in a research note issued on Monday, June 23rd. Zacks Research analyst N. Choudhury now expects that the company will earn $1.79 per share for the year, up from their previous forecast of $1.78. 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' Q4 2026 earnings at $0.47 EPS.

Several other equities analysts have also commented on MGY. Bank of America upped their price objective on shares of Magnolia Oil & Gas from $23.00 to $25.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Piper Sandler decreased their price objective on shares of Magnolia Oil & Gas from $25.00 to $24.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Williams Trading set a $29.00 price objective on shares of Magnolia Oil & Gas in a report on Wednesday, March 5th. UBS Group restated a "buy" rating and issued a $29.00 price objective (up from $26.00) on shares of Magnolia Oil & Gas in a report on Friday, June 13th. Finally, Wells Fargo & Company decreased their price objective on shares of Magnolia Oil & Gas from $22.00 to $21.00 and set an "underweight" rating on the stock in a report on Monday, June 16th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Magnolia Oil & Gas has a consensus rating of "Hold" and an average price target of $27.00.

Magnolia Oil & Gas Stock Performance

Magnolia Oil & Gas stock opened at $22.89 on Thursday. The firm has a 50 day simple moving average of $22.23 and a 200-day simple moving average of $23.27. Magnolia Oil & Gas has a 1-year low of $19.09 and a 1-year high of $29.02. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.33 and a quick ratio of 1.33. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of 11.39, a price-to-earnings-growth ratio of 3.09 and a beta of 1.29.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last posted its quarterly earnings results 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 net margin of 28.50% and a return on equity of 20.73%. The business had revenue of $350.30 million during the quarter, compared to analysts' expectations of $337.83 million. During the same quarter in the prior year, the company posted $0.46 EPS. The business's revenue for the quarter was up 9.7% on a year-over-year basis.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Larson Financial Group LLC grew its position in shares of Magnolia Oil & Gas by 112.3% in the 4th quarter. Larson Financial Group LLC now owns 1,072 shares of the company's stock valued at $25,000 after buying an additional 567 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of Magnolia Oil & Gas in the 1st quarter valued at $30,000. Quarry LP grew its position in shares of Magnolia Oil & Gas by 1,047.8% in the 4th quarter. Quarry LP now owns 2,135 shares of the company's stock valued at $50,000 after buying an additional 1,949 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Magnolia Oil & Gas by 122.8% in the 1st quarter. Parallel Advisors LLC now owns 2,308 shares of the company's stock valued at $58,000 after buying an additional 1,272 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in shares of Magnolia Oil & Gas by 95.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,777 shares of the company's stock valued at $88,000 after buying an additional 1,844 shares during the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

Magnolia Oil & Gas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 12th were issued a $0.15 dividend. The ex-dividend date was Monday, May 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.62%. Magnolia Oil & Gas's payout ratio is 29.85%.

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.

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