Zacks Research Issues Pessimistic Outlook for MGY Earnings

Magnolia Oil & Gas Co. (NYSE:MGY) – Research analysts at Zacks Research reduced their FY2026 earnings per share estimates for Magnolia Oil & Gas in a report released on Thursday, April 3rd. Zacks Research analyst N. Choudhury now anticipates that the company will post earnings of $2.31 per share for the year, down from their prior forecast of $2.32. The consensus estimate for Magnolia Oil & Gas’ current full-year earnings is $2.10 per share. Zacks Research also issued estimates for Magnolia Oil & Gas’ Q4 2026 earnings at $0.62 EPS.

Magnolia Oil & Gas (NYSE:MGY) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. Magnolia Oil & Gas had a return on equity of 20.74% and a net margin of 27.82%. The firm had revenue of $326.61 million during the quarter, compared to the consensus estimate of $327.40 million.

A number of other research firms have also recently weighed in on MGY. Johnson Rice cut shares of Magnolia Oil & Gas from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Bank of America restated a “neutral” rating and set a $28.00 price target (down from $29.00) on shares of Magnolia Oil & Gas in a research note on Monday, January 13th. The Goldman Sachs Group cut Magnolia Oil & Gas from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $27.00 to $26.00 in a research note on Friday, January 31st. Citigroup decreased their target price on Magnolia Oil & Gas from $22.00 to $19.00 and set a “sell” rating on the stock in a research note on Tuesday. Finally, Mizuho lifted their target price on Magnolia Oil & Gas from $27.00 to $28.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $27.54.

Magnolia Oil & Gas Price Performance

Shares of MGY opened at $19.66 on Monday. The firm has a 50-day simple moving average of $23.60 and a two-hundred day simple moving average of $24.97. The stock has a market cap of $3.82 billion, a PE ratio of 10.19, a P/E/G ratio of 3.01 and a beta of 1.57. Magnolia Oil & Gas has a 1-year low of $19.35 and a 1-year high of $29.02. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.42 and a quick ratio of 1.47.

Magnolia Oil & Gas Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a $0.15 dividend. This is a boost from Magnolia Oil & Gas’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.60 annualized dividend and a yield of 3.05%. Magnolia Oil & Gas’s dividend payout ratio (DPR) is 31.09%.

Insider Buying and Selling

In other Magnolia Oil & Gas news, CEO Christopher G. Stavros bought 2,500 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were purchased at an average price of $22.05 per share, with a total value of $55,125.00. Following the completion of the acquisition, the chief executive officer now directly owns 892,372 shares of the company’s stock, valued at $19,676,802.60. This represents a 0.28 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC lifted its stake in Magnolia Oil & Gas by 122.8% during the first quarter. Parallel Advisors LLC now owns 2,308 shares of the company’s stock worth $58,000 after purchasing an additional 1,272 shares during the last quarter. GAMMA Investing LLC raised its holdings in Magnolia Oil & Gas by 2,696.6% during the first quarter. GAMMA Investing LLC now owns 63,706 shares of the company’s stock worth $1,609,000 after purchasing an additional 61,428 shares in the last quarter. California State Teachers Retirement System lifted its position in shares of Magnolia Oil & Gas by 2.5% during the 4th quarter. California State Teachers Retirement System now owns 166,704 shares of the company’s stock worth $3,898,000 after buying an additional 4,004 shares during the last quarter. Phocas Financial Corp. boosted its holdings in shares of Magnolia Oil & Gas by 2.2% in the 4th quarter. Phocas Financial Corp. now owns 119,349 shares of the company’s stock valued at $2,790,000 after buying an additional 2,548 shares in the last quarter. Finally, GF Fund Management CO. LTD. purchased a new position in shares of Magnolia Oil & Gas in the 4th quarter valued at $1,370,000. 94.73% of the stock is owned by institutional investors and hedge funds.

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.