Magnolia Oil & Gas (MGY) Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Magnolia Oil & Gas in the last twelve months. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MGY shares.
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6 brokers have issued 1-year price objectives for Magnolia Oil & Gas' shares. Their MGY share price forecasts range from $22.00 to $30.00. On average, they expect the company's stock price to reach $27.50 in the next year. This suggests a possible upside of 23.6% from the stock's current price.
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Magnolia Oil & Gas' stock was trading at $23.45 on January 1st, 2023. Since then, MGY shares have decreased by 5.1% and is now trading at $22.25.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our MGY earnings forecast.

Magnolia Oil & Gas Co. (NYSE:MGY) posted its earnings results on Tuesday, August, 1st. The company reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.43 by $0.01. The company earned $280.29 million during the quarter, compared to analysts' expectations of $291.74 million. Magnolia Oil & Gas had a net margin of 46.81% and a trailing twelve-month return on equity of 35.63%.

Magnolia Oil & Gas declared a quarterly dividend on Monday, July 31st. Shareholders of record on Thursday, August 10th will be given a dividend of $0.115 per share on Friday, September 1st. This represents a $0.46 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend is Wednesday, August 9th.
Read our dividend analysis for MGY.

ETFs with the largest weight of Magnolia Oil & Gas (NYSE:MGY) stock in their portfolio include Invesco Energy Exploration & Production ETF (PXE), First Trust NASDAQ Rising Dividend Achievers (RDVY), FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI), First Trust Natural Gas ETF (FCG), SPDR S&P Oil & Gas Exploration & Production ETF (XOP), Invesco Dorsey Wright Energy Momentum ETF (PXI), Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (GUSH) and Distillate Small/Mid Cash Flow ETF (DSMC).

Magnolia Oil & Gas (NYSE:MGY) pays an annual dividend of $0.46 per share and currently has a dividend yield of 2.06%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 13.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGY will have a dividend payout ratio of 18.85% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MGY.

Based on aggregate information from My MarketBeat watchlists, some companies that other Magnolia Oil & Gas investors own include Block (SQ), Wells Fargo & Company (WFC), Enterprise Products Partners (EPD), Energy Transfer (ET), Gilead Sciences (GILD), Occidental Petroleum (OXY), AbbVie (ABBV), AMC Entertainment (AMC), Micron Technology (MU) and

Magnolia Oil & Gas trades on the New York Stock Exchange (NYSE) under the ticker symbol "MGY."

Magnolia Oil & Gas' stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.58%), Alliancebernstein L.P. (3.23%), State Street Corp (3.05%), Victory Capital Management Inc. (2.86%), Silvercrest Asset Management Group LLC (2.16%) and Geode Capital Management LLC (1.60%). Insiders that own company stock include James R Larson, John B Walker, John B Walker, Ltd Enervest, Stephen I Chazen and Stephen I Chazen.
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Shares of MGY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MGY stock can currently be purchased for approximately $22.25.

Magnolia Oil & Gas (NYSE:MGY) has a market capitalization of $4.67 billion and generates $1.69 billion in revenue each year. The company earns $893.84 million in net income (profit) each year or $3.47 on an earnings per share basis.

The company employs 213 workers across the globe.

Magnolia Oil & Gas' mailing address is NINE GREENWAY PLAZA SUITE 1300, HOUSTON TX, 77046. The official website for the company is www.magnoliaoilgas.com. The company can be reached via phone at (713) 842-9050 or via email at bcorales@mgyoil.com.