Brokerages expect Magnolia Oil & Gas Corp (NYSE:MGY) to announce earnings of $0.29 per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Magnolia Oil & Gas’ earnings, with the lowest EPS estimate coming in at $0.27 and the highest estimate coming in at $0.33. The business is scheduled to issue its next earnings results before the market opens on Tuesday, February 26th.

According to Zacks, analysts expect that Magnolia Oil & Gas will report full-year earnings of $1.18 per share for the current financial year, with EPS estimates ranging from $1.15 to $1.24. For the next year, analysts forecast that the company will post earnings of $1.02 per share, with EPS estimates ranging from $0.72 to $1.29. Zacks’ EPS averages are an average based on a survey of analysts that cover Magnolia Oil & Gas.

A number of equities analysts have commented on MGY shares. Zacks Investment Research upgraded shares of Magnolia Oil & Gas from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a report on Wednesday, October 17th. Mitsubishi UFJ Financial Group reaffirmed an “overweight” rating on shares of Magnolia Oil & Gas in a research report on Thursday, October 25th. Citigroup began coverage on shares of Magnolia Oil & Gas in a research report on Friday, November 30th. They set a “neutral” rating and a $13.00 price objective for the company. ValuEngine raised shares of Magnolia Oil & Gas from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, Johnson Rice began coverage on shares of Magnolia Oil & Gas in a research report on Monday, January 7th. They set a “buy” rating and a $17.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company. Magnolia Oil & Gas has a consensus rating of “Buy” and a consensus target price of $16.14.

Shares of NYSE MGY traded down $0.20 during trading on Wednesday, hitting $10.85. 7,213 shares of the company traded hands, compared to its average volume of 1,083,511. 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 1 year low of $9.69 and a 1 year high of $15.23.

In other Magnolia Oil & Gas news, EVP Timothy D. Yang acquired 20,000 shares of the stock in a transaction that occurred on Friday, December 14th. The stock was acquired at an average price of $11.17 per share, with a total value of $223,400.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Large investors have recently made changes to their positions in the stock. Fox Run Management L.L.C. bought a new position in Magnolia Oil & Gas in the 3rd quarter worth about $164,000. Bank of Montreal Can acquired a new stake in shares of Magnolia Oil & Gas in the 3rd quarter worth approximately $2,627,000. SG Capital Management LLC acquired a new stake in shares of Magnolia Oil & Gas in the 3rd quarter worth approximately $4,838,000. Northpointe Capital LLC acquired a new stake in shares of Magnolia Oil & Gas in the 3rd quarter worth approximately $7,523,000. Finally, Clear Harbor Asset Management LLC acquired a new stake in shares of Magnolia Oil & Gas in the 3rd quarter worth approximately $552,000. 47.83% of the stock is owned by institutional investors and hedge funds.

About Magnolia Oil & Gas

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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