Magnolia Oil & Gas Corp (NYSE:MGY) – Equities research analysts at Oppenheimer issued their Q4 2018 earnings estimates for Magnolia Oil & Gas in a report issued on Monday, January 7th. Oppenheimer analyst T. Rezvan anticipates that the company will post earnings of $0.29 per share for the quarter. Oppenheimer has a “Outperform” rating and a $15.00 price objective on the stock. Oppenheimer also issued estimates for Magnolia Oil & Gas’ Q1 2019 earnings at $0.25 EPS, Q2 2019 earnings at $0.27 EPS, Q3 2019 earnings at $0.30 EPS, Q4 2019 earnings at $0.35 EPS, FY2019 earnings at $1.16 EPS, Q1 2020 earnings at $0.35 EPS, Q2 2020 earnings at $0.35 EPS, Q3 2020 earnings at $0.37 EPS, Q4 2020 earnings at $0.37 EPS and FY2020 earnings at $1.44 EPS.

A number of other equities analysts have also commented on the company. Susquehanna Bancshares began coverage on Magnolia Oil & Gas in a research note on Wednesday. They issued a “positive” rating and a $16.00 price objective on the stock. Citigroup began coverage on Magnolia Oil & Gas in a research note on Wednesday. They issued a “positive” rating and a $16.00 price objective on the stock. Johnson Rice began coverage on Magnolia Oil & Gas in a research note on Monday, January 7th. They issued a “buy” rating and a $17.00 price objective on the stock. ValuEngine upgraded Magnolia Oil & Gas from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, Zacks Investment Research lowered Magnolia Oil & Gas from a “buy” rating to a “hold” rating in a research note on Thursday, November 29th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $16.00.

Magnolia Oil & Gas stock opened at $12.16 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.19 and a quick ratio of 1.19. Magnolia Oil & Gas has a 52 week low of $9.69 and a 52 week high of $15.23.

Hedge funds have recently added to or reduced their stakes in the stock. Credit Suisse AG acquired a new stake in Magnolia Oil & Gas during the third quarter worth about $156,000. Fox Run Management L.L.C. acquired a new stake in Magnolia Oil & Gas during the third quarter valued at approximately $164,000. Emerald Advisers Inc. PA acquired a new stake in Magnolia Oil & Gas during the third quarter valued at approximately $232,000. Acadian Asset Management LLC acquired a new stake in Magnolia Oil & Gas during the third quarter valued at approximately $310,000. Finally, Key Group Holdings Cayman LTD. acquired a new stake in Magnolia Oil & Gas during the third quarter valued at approximately $450,000. 47.21% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP Timothy D. Yang bought 20,000 shares of the firm’s stock in a transaction that occurred on Friday, December 14th. The shares were acquired at an average cost of $11.17 per share, with a total value of $223,400.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Magnolia Oil & Gas Company Profile

Magnolia Oil & Gas Corporation operates as an oil and gas exploration and production company. It has operations in South Texas in the core of the Eagle Ford. The company is headquartered in Houston, Texas.

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Earnings History and Estimates for Magnolia Oil & Gas (NYSE:MGY)

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