Zacks Research Issues Negative Outlook for MGY Earnings

Magnolia Oil & Gas Co. (NYSE:MGY) – Stock analysts at Zacks Research lowered their Q4 2024 earnings per share (EPS) estimates for Magnolia Oil & Gas in a research note issued to investors on Wednesday, November 13th. Zacks Research analyst N. Choudhury now anticipates that the company will post earnings per share of $0.41 for the quarter, down from their previous estimate of $0.46. The consensus estimate for Magnolia Oil & Gas’ current full-year earnings is $1.99 per share. Zacks Research also issued estimates for Magnolia Oil & Gas’ Q2 2025 earnings at $0.46 EPS, Q3 2025 earnings at $0.48 EPS, FY2025 earnings at $1.91 EPS, Q2 2026 earnings at $0.50 EPS, Q3 2026 earnings at $0.57 EPS and FY2026 earnings at $2.15 EPS.

Several other equities analysts have also commented on the company. Wolfe Research started coverage on Magnolia Oil & Gas in a report on Thursday, July 18th. They issued an “outperform” rating and a $32.00 target price on the stock. Susquehanna dropped their price objective on Magnolia Oil & Gas from $33.00 to $32.00 and set a “positive” rating on the stock in a report on Wednesday, September 4th. Benchmark restated a “hold” rating on shares of Magnolia Oil & Gas in a research note on Tuesday, October 15th. Wells Fargo & Company downgraded Magnolia Oil & Gas from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $26.00 to $22.00 in a report on Tuesday, October 1st. Finally, Piper Sandler cut their price objective on shares of Magnolia Oil & Gas from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, August 15th. Two research 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 has an average rating of “Hold” and a consensus price target of $27.67.

Magnolia Oil & Gas Stock Up 0.6 %

Shares of Magnolia Oil & Gas stock opened at $27.24 on Friday. Magnolia Oil & Gas has a 52-week low of $19.16 and a 52-week high of $27.96. The company has a 50 day moving average of $25.56 and a 200 day moving average of $25.41. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $5.35 billion, a P/E ratio of 13.48, a P/E/G ratio of 1.38 and a beta of 1.99.

Magnolia Oil & Gas (NYSE:MGY) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. Magnolia Oil & Gas had a return on equity of 20.78% and a net margin of 28.88%. The company had revenue of $333.14 million for the quarter, compared to analyst estimates of $331.45 million.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Harbor Capital Advisors Inc. acquired a new stake in Magnolia Oil & Gas in the third quarter valued at about $25,000. First Horizon Advisors Inc. lifted its holdings in shares of Magnolia Oil & Gas by 64.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,008 shares of the company’s stock valued at $25,000 after buying an additional 396 shares during the period. Massmutual Trust Co. FSB ADV boosted its stake in shares of Magnolia Oil & Gas by 1,753.6% in the second quarter. Massmutual Trust Co. FSB ADV now owns 1,038 shares of the company’s stock valued at $26,000 after buying an additional 982 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in Magnolia Oil & Gas during the second quarter worth $26,000. Finally, GAMMA Investing LLC raised its position in Magnolia Oil & Gas by 184.4% in the second quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock worth $41,000 after acquiring an additional 1,042 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Magnolia Oil & Gas

In other Magnolia Oil & Gas news, Director Ltd. Enervest sold 7,000,000 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $25.86, for a total transaction of $181,020,000.00. Following the completion of the transaction, the director now owns 2,099,403 shares in the company, valued at approximately $54,290,561.58. This represents a 76.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is currently owned by insiders.

Magnolia Oil & Gas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 8th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Friday, November 8th. Magnolia Oil & Gas’s dividend payout ratio is currently 25.74%.

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.