FY2026 EPS Estimates for Magnolia Oil & Gas Co. (NYSE:MGY) Increased by Analyst

Magnolia Oil & Gas Co. (NYSE:MGY) – Investment analysts at Capital One Financial increased their FY2026 earnings per share estimates for Magnolia Oil & Gas in a report issued on Wednesday, October 9th. Capital One Financial analyst P. Johnston now forecasts that the company will earn $2.38 per share for the year, up from their previous estimate of $2.37. The consensus estimate for Magnolia Oil & Gas’ current full-year earnings is $1.99 per share.

Several other equities analysts have also issued reports on MGY. Wells Fargo & Company lowered Magnolia Oil & Gas from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $26.00 to $22.00 in a research note on Tuesday, October 1st. Truist Financial dropped their price target on Magnolia Oil & Gas from $35.00 to $31.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. Siebert Williams Shank lowered Magnolia Oil & Gas from a “buy” rating to a “hold” rating and set a $30.00 price target on the stock. in a research report on Tuesday. Wolfe Research initiated coverage on Magnolia Oil & Gas in a research report on Thursday, July 18th. They set an “outperform” rating and a $32.00 price target on the stock. Finally, Piper Sandler dropped their price target on Magnolia Oil & Gas from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, August 15th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Magnolia Oil & Gas presently has an average rating of “Hold” and a consensus target price of $27.50.

Magnolia Oil & Gas Trading Down 4.4 %

Shares of MGY opened at $25.56 on Monday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.21. Magnolia Oil & Gas has a 12-month low of $19.16 and a 12-month high of $27.63. The firm has a market capitalization of $5.18 billion, a PE ratio of 12.87, a price-to-earnings-growth ratio of 1.35 and a beta of 1.99. The stock’s fifty day simple moving average is $25.01 and its 200-day simple moving average is $25.42.

Magnolia Oil & Gas (NYSE:MGY) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.05. Magnolia Oil & Gas had a return on equity of 21.18% and a net margin of 29.44%. The business had revenue of $336.73 million for the quarter, compared to analyst estimates of $340.72 million.

Magnolia Oil & Gas Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, August 9th were paid a $0.13 dividend. The ex-dividend date was Friday, August 9th. This represents a $0.52 dividend on an annualized basis and a yield of 2.03%. Magnolia Oil & Gas’s dividend payout ratio is 25.87%.

Insider Buying and Selling at Magnolia Oil & Gas

In other news, Director Ltd. Enervest sold 7,000,000 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $25.86, for a total value of $181,020,000.00. Following the completion of the sale, the director now directly owns 2,099,403 shares of the company’s stock, valued at $54,290,561.58. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.20% of the company’s stock.

Institutional Trading of Magnolia Oil & Gas

A number of hedge funds have recently made changes to their positions in MGY. Massmutual Trust Co. FSB ADV lifted its holdings in Magnolia Oil & Gas by 1,753.6% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,038 shares of the company’s stock worth $26,000 after purchasing an additional 982 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in Magnolia Oil & Gas during the 2nd quarter worth approximately $26,000. Mather Group LLC. acquired a new stake in Magnolia Oil & Gas during the 1st quarter worth approximately $27,000. GAMMA Investing LLC lifted its holdings in Magnolia Oil & Gas by 184.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock worth $41,000 after purchasing an additional 1,042 shares during the last quarter. Finally, Fidelis Capital Partners LLC acquired a new stake in Magnolia Oil & Gas during the 1st quarter worth approximately $50,000. 94.73% of the stock is owned by institutional investors and hedge funds.

About Magnolia Oil & Gas

Magnolia Oil & Gas Corporation, an independent oil and natural gas company, engages in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids reserves in the United States. Its properties are located primarily in Karnes County and the Giddings area in South Texas principally comprising the Eagle Ford Shale and the Austin Chalk formation.