Zacks Research Issues Pessimistic Estimate for MGY Earnings

Magnolia Oil & Gas Co. (NYSE:MGY) – Research analysts at Zacks Research cut their Q1 2025 earnings per share estimates for Magnolia Oil & Gas in a research report issued to clients and investors on Monday, February 17th. Zacks Research analyst N. Choudhury now anticipates that the company will post earnings per share of $0.46 for the quarter, down from their previous forecast of $0.47. The consensus estimate for Magnolia Oil & Gas’ current full-year earnings is $1.97 per share.

Magnolia Oil & Gas (NYSE:MGY) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.46 by $0.03. Magnolia Oil & Gas had a return on equity of 20.78% and a net margin of 28.88%.

Several other analysts also recently issued reports on the company. The Goldman Sachs Group downgraded Magnolia Oil & Gas from a “buy” rating to a “neutral” rating and decreased their target price for the company from $27.00 to $26.00 in a research note on Friday, January 31st. Piper Sandler lifted their target price on Magnolia Oil & Gas from $24.00 to $26.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Johnson Rice downgraded Magnolia Oil & Gas from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Bank of America reissued a “neutral” rating and set a $28.00 target price (down previously from $29.00) on shares of Magnolia Oil & Gas in a research note on Monday, January 13th. Finally, Mizuho raised their price target on Magnolia Oil & Gas from $27.00 to $28.00 and gave the company a “neutral” rating in a report on Monday, December 16th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Magnolia Oil & Gas has an average rating of “Hold” and a consensus target price of $27.58.

Magnolia Oil & Gas Stock Up 1.8 %

Shares of MGY opened at $23.92 on Wednesday. The business’s 50 day moving average is $24.34 and its 200 day moving average is $25.23. The company has a market capitalization of $4.70 billion, a PE ratio of 11.84, a price-to-earnings-growth ratio of 2.92 and a beta of 1.98. Magnolia Oil & Gas has a 12-month low of $21.07 and a 12-month high of $29.02. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.20.

Hedge Funds Weigh In On Magnolia Oil & Gas

A number of institutional investors and hedge funds have recently modified their holdings of MGY. Creative Planning boosted its holdings in shares of Magnolia Oil & Gas by 8.3% in the 3rd quarter. Creative Planning now owns 68,878 shares of the company’s stock worth $1,682,000 after purchasing an additional 5,289 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Magnolia Oil & Gas by 1.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,061,846 shares of the company’s stock worth $74,770,000 after purchasing an additional 50,351 shares during the period. Moody Aldrich Partners LLC boosted its holdings in shares of Magnolia Oil & Gas by 15.2% in the 3rd quarter. Moody Aldrich Partners LLC now owns 309,433 shares of the company’s stock worth $7,556,000 after purchasing an additional 40,747 shares during the period. Argent Capital Management LLC boosted its holdings in Magnolia Oil & Gas by 35.0% during the 3rd quarter. Argent Capital Management LLC now owns 39,290 shares of the company’s stock valued at $959,000 after acquiring an additional 10,179 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Magnolia Oil & Gas by 6.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 14,364 shares of the company’s stock valued at $351,000 after acquiring an additional 889 shares during the period. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Magnolia Oil & Gas Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a $0.15 dividend. This is a boost from Magnolia Oil & Gas’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, February 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.51%. Magnolia Oil & Gas’s payout ratio is 29.70%.

Magnolia Oil & Gas Company Profile

Magnolia Oil & Gas Corp. engages in the acquisition, development, exploration, and production of oil and natural gas properties. It operates assets located in the Eagle Ford Shale and Austin Chalk formations in South Texas. The company was founded on February 14, 2017 and is headquartered in Houston, TX.