Zacks Research Issues Pessimistic Estimate for MGY Earnings

Key Points

• Zacks Research has lowered its Q2 2026 EPS estimate for Magnolia Oil & Gas from $0.43 to $0.42, with a full-year earnings consensus of $2.10 per share.
• Despite a recent EPS of $0.43 that exceeded expectations, Magnolia's revenue decreased by 5.3% year-over-year, reflecting potential headwinds for the company.
• Analysts are divided on Magnolia Oil & Gas, with ratings ranging from buy to sell, resulting in an average hold rating and a consensus target price of $26.67.

Magnolia Oil & Gas Corp (NYSE:MGY - Free Report) - Equities researchers at Zacks Research lowered their Q2 2026 earnings per share (EPS) estimates for Magnolia Oil & Gas in a research report issued on Wednesday, September 3rd. Zacks Research analyst Team now expects that the company will post earnings per share of $0.42 for the quarter, down from their prior forecast of $0.43. 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' FY2026 earnings at $1.81 EPS and FY2027 earnings at $1.94 EPS.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.40 by $0.03. Magnolia Oil & Gas had a return on equity of 19.34% and a net margin of 27.57%.The company had revenue of $318.98 million during the quarter, compared to the consensus estimate of $311.58 million. During the same period in the previous year, the company posted $0.51 EPS. The firm's revenue for the quarter was down 5.3% compared to the same quarter last year.

Several other analysts also recently issued reports on MGY. Citigroup restated a "sell" rating on shares of Magnolia Oil & Gas in a research note on Thursday, July 10th. UBS Group restated a "buy" rating and issued a $29.00 price target (up from $26.00) on shares of Magnolia Oil & Gas in a research note on Friday, June 13th. William Blair initiated coverage on Magnolia Oil & Gas in a research note on Monday, August 25th. They issued an "outperform" rating for the company. Bank of America boosted their price target 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. Finally, Wells Fargo & Company reduced their price target 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. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $26.67.

Magnolia Oil & Gas Stock Performance

Shares of NYSE MGY opened at $24.09 on Thursday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.20. Magnolia Oil & Gas has a 12 month low of $19.09 and a 12 month high of $29.02. The stock has a 50 day moving average of $23.66 and a 200-day moving average of $23.02. The company has a market capitalization of $4.60 billion, a P/E ratio of 12.61, a P/E/G ratio of 3.28 and a beta of 1.33.

Institutional Investors Weigh In On Magnolia Oil & Gas

Several institutional investors and hedge funds have recently made changes to their positions in MGY. State of Wyoming grew its stake in Magnolia Oil & Gas by 8.2% in the first quarter. State of Wyoming now owns 5,777 shares of the company's stock valued at $146,000 after acquiring an additional 440 shares during the period. Vista Finance LLC grew its position in Magnolia Oil & Gas by 4.0% in the 2nd quarter. Vista Finance LLC now owns 12,134 shares of the company's stock valued at $273,000 after purchasing an additional 471 shares during the period. ProShare Advisors LLC raised its holdings in Magnolia Oil & Gas by 1.2% during the second quarter. ProShare Advisors LLC now owns 41,617 shares of the company's stock worth $936,000 after buying an additional 495 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Magnolia Oil & Gas by 16.8% during the first quarter. Farther Finance Advisors LLC now owns 4,366 shares of the company's stock worth $111,000 after buying an additional 629 shares during the last quarter. Finally, Lazard Asset Management LLC raised its holdings in Magnolia Oil & Gas by 0.4% during the second quarter. Lazard Asset Management LLC now owns 167,071 shares of the company's stock worth $3,755,000 after buying an additional 671 shares during the last quarter. Institutional investors own 94.73% of the company's stock.

Magnolia Oil & Gas Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Monday, August 11th. Magnolia Oil & Gas's payout ratio is 31.41%.

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.

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