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

10 Wall Street 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 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MGY shares.
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10 brokerages have issued twelve-month price objectives for Magnolia Oil & Gas' shares. Their MGY share price forecasts range from $26.00 to $39.00. On average, they expect the company's stock price to reach $30.67 in the next year. This suggests a possible upside of 44.7% from the stock's current price.
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Magnolia Oil & Gas' stock was trading at $23.45 at the beginning of the year. Since then, MGY shares have decreased by 9.6% and is now trading at $21.20.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 8th 2023.
View our MGY earnings forecast.

Magnolia Oil & Gas Co. (NYSE:MGY) posted its earnings results on Tuesday, February, 14th. The company reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.10. The firm earned $349.04 million during the quarter, compared to analyst estimates of $351.53 million. Magnolia Oil & Gas had a trailing twelve-month return on equity of 59.22% and a net margin of 52.75%.

Magnolia Oil & Gas announced a quarterly dividend on Tuesday, January 31st. Investors 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 yield of 2.17%. The ex-dividend date is Thursday, February 9th. This is a positive change from the stock's previous quarterly dividend of $0.10.
Read our dividend analysis for MGY.

ETFs with the largest weight of Magnolia Oil & Gas (NYSE:MGY) stock in their portfolio include Changebridge Select Equity ETF (CBSE), Changebridge Long/Short Equity ETF (CBLS), SPDR S&P Oil & Gas Exploration & Production ETF (XOP), Alpha Architect U.S. Quantitative Value ETF (QVAL), First Trust Natural Gas ETF (FCG), Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (GUSH), First Trust SMID Cap Rising Dividend Archievers ETF (SDVY) and WisdomTree U.S. Value Fund (WTV).

Magnolia Oil & Gas (NYSE:MGY) pays an annual dividend of $0.46 per share and currently has a dividend yield of 2.23%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 9.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGY will have a dividend payout ratio of 16.20% 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 Norwegian Cruise Line (NCLH).

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 shareholders include T. Rowe Price Investment Management Inc. (7.27%), Alliancebernstein L.P. (4.89%), Macquarie Group Ltd. (2.84%), Price T Rowe Associates Inc. MD (2.83%), Silvercrest Asset Management Group LLC (2.25%) and Victory Capital Management Inc. (2.27%). Insiders that own company stock include 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 $21.20.

Magnolia Oil & Gas (NYSE:MGY) has a market capitalization of $4.53 billion and generates $1.69 billion in revenue each year. The company earns $893.84 million in net income (profit) each year or $4.71 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.