Magnolia Oil & Gas - MGY Stock Forecast, Price & News

8 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 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MGY shares.
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8 analysts have issued 12 month price targets for Magnolia Oil & Gas' stock. Their MGY share price forecasts range from $26.00 to $39.00. On average, they anticipate the company's share price to reach $31.25 in the next year. This suggests a possible upside of 36.2% 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 stock has decreased by 2.2% and is now trading at $22.94.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 14th 2023.
View our MGY earnings forecast.

Magnolia Oil & Gas will be holding an earnings conference call on Wednesday, February 15th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Magnolia Oil & Gas Co. (NYSE:MGY) issued its quarterly earnings results on Sunday, October, 31st. The company reported $0.67 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.06. The company earned $283.58 million during the quarter, compared to analysts' expectations of $278.35 million. Magnolia Oil & Gas had a net margin of 48.42% and a trailing twelve-month return on equity of 66.39%. The firm's revenue was up 134.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.06 EPS.

Magnolia Oil & Gas announced a quarterly dividend on Tuesday, January 31st. Shareholders of record on Friday, February 10th will be paid a dividend of $0.115 per share on Wednesday, March 1st. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend is Thursday, February 9th. This is a boost from the stock's previous quarterly dividend of $0.10.
Read our dividend analysis for MGY.

Magnolia Oil & Gas (NYSE:MGY) pays an annual dividend of $0.40 per share and currently has a dividend yield of 1.79%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 9.24%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGY will have a dividend payout ratio of 12.58% 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 number of retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (1.41%), Stephens Investment Management Group LLC (1.30%), Wedge Capital Management L L P NC (0.34%), Hallmark Capital Management Inc. (0.34%), Nordea Investment Management AB (0.27%) and Ziegler Capital Management LLC (0.23%). 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 $22.94.

Magnolia Oil & Gas (NYSE:MGY) has a market capitalization of $4.96 billion and generates $1.08 billion in revenue each year. The company earns $417.28 million in net income (profit) each year or $4.33 on an earnings per share basis.

The company employs 192 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.