Piper Sandler Forecasts Strong Price Appreciation for Magnolia Oil & Gas (NYSE:MGY) Stock

Magnolia Oil & Gas (NYSE:MGY) had its price target raised by research analysts at Piper Sandler from $28.00 to $31.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Piper Sandler’s target price would suggest a potential upside of 6.10% from the company’s current price.

Other research analysts also recently issued reports about the stock. Susquehanna lowered their price objective on shares of Magnolia Oil & Gas from $30.00 to $28.00 and set a “positive” rating on the stock in a research report on Monday, January 26th. The Goldman Sachs Group increased their target price on shares of Magnolia Oil & Gas from $23.00 to $26.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 11th. Bank of America raised shares of Magnolia Oil & Gas from a “neutral” rating to a “buy” rating and lifted their target price for the company from $26.00 to $28.00 in a research note on Friday, January 16th. Siebert Williams Shank cut shares of Magnolia Oil & Gas from a “buy” rating to a “hold” rating in a report on Friday, March 6th. Finally, Roth Mkm reaffirmed a “buy” rating on shares of Magnolia Oil & Gas in a research note on Tuesday, February 10th. Eight investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $28.45.

Magnolia Oil & Gas Stock Up 0.5%

Magnolia Oil & Gas stock traded up $0.15 during mid-day trading on Thursday, hitting $29.22. The company’s stock had a trading volume of 1,174,382 shares, compared to its average volume of 3,146,707. Magnolia Oil & Gas has a 52-week low of $19.09 and a 52-week high of $29.74. The company has a market cap of $5.45 billion, a PE ratio of 16.98 and a beta of 0.89. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.54 and a quick ratio of 1.54. The firm’s 50 day moving average is $25.45 and its 200 day moving average is $23.99.

Magnolia Oil & Gas (NYSE:MGY) last released its earnings results on Thursday, February 5th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.01. The company had revenue of $317.63 million for the quarter, compared to analysts’ expectations of $322.18 million. Magnolia Oil & Gas had a return on equity of 16.67% and a net margin of 24.79%.The business’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.44 EPS. On average, analysts anticipate that Magnolia Oil & Gas will post 2.1 earnings per share for the current year.

Insider Transactions at Magnolia Oil & Gas

In other Magnolia Oil & Gas news, Director Edward P. Djerejian sold 18,000 shares of the business’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $28.98, for a total value of $521,640.00. Following the completion of the sale, the director owned 110,425 shares of the company’s stock, valued at $3,200,116.50. The trade was a 14.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dan F. Smith sold 18,000 shares of the company’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $29.01, for a total value of $522,180.00. Following the sale, the director owned 119,204 shares of the company’s stock, valued at approximately $3,458,108.04. This trade represents a 13.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 338,954 shares of company stock valued at $9,911,733 in the last three months. 1.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MGY. Lido Advisors LLC lifted its holdings in Magnolia Oil & Gas by 2.4% in the 4th quarter. Lido Advisors LLC now owns 16,197 shares of the company’s stock worth $382,000 after purchasing an additional 387 shares during the last quarter. Oak Family Advisors LLC grew its holdings in Magnolia Oil & Gas by 0.9% during the fourth quarter. Oak Family Advisors LLC now owns 47,620 shares of the company’s stock valued at $1,042,000 after purchasing an additional 410 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Magnolia Oil & Gas by 10.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,624 shares of the company’s stock valued at $102,000 after purchasing an additional 422 shares during the period. GAMMA Investing LLC lifted its stake in shares of Magnolia Oil & Gas by 8.0% in the fourth quarter. GAMMA Investing LLC now owns 6,130 shares of the company’s stock worth $134,000 after buying an additional 453 shares during the last quarter. Finally, Coldstream Capital Management Inc. lifted its stake in shares of Magnolia Oil & Gas by 3.1% in the third quarter. Coldstream Capital Management Inc. now owns 15,937 shares of the company’s stock worth $380,000 after buying an additional 482 shares during the last quarter. 94.73% of the stock is owned by institutional investors.

Key Headlines Impacting Magnolia Oil & Gas

Here are the key news stories impacting Magnolia Oil & Gas this week:

• Positive Sentiment: Broker support: Clear Street published a bullish note on MGY, adding upside analyst attention that can help lift investor sentiment. Clear Street is Bullish on Magnolia Oil & Gas Corporation (MGY)
• Positive Sentiment: Dividend raise: Magnolia increased its quarterly dividend to $0.165 (annualized $0.66, ~2.3% yield), paid March 2 — supports income-focused holders and signals management is returning cash to shareholders. MarketBeat: MGY dividend and company update
• Neutral Sentiment: Mixed quarterly results: MGY posted $0.37 EPS vs. $0.36 consensus (small beat) but revenue missed and was down ~2.8% year-over-year — a mixed operational read that offers limited immediate catalyst. MarketBeat: Quarterly results
• Neutral Sentiment: Analyst/ownership context: Analyst coverage is split (Buy vs. Hold mix; consensus target near $28.18) and institutional ownership is very high (~95%), which can both amplify moves and limit float liquidity. MarketBeat: Analyst and ownership summary
• Negative Sentiment: CEO sale: CEO Christopher G. Stavros sold 119,954 shares at ~\$29.29 (~\$3.51M); his holding fell about 12% — a large insider sale that can raise short-term concern about insider conviction. CEO Form 4 (SEC)
• Negative Sentiment: Senior exec sales: EVP Timothy D. Yang sold 150,000 shares (~\$4.39M; ~22% reduction) and CFO Brian Corales sold 33,000 shares (~\$961K; ~15% reduction) — simultaneous sales by top executives amplify investor caution. EVP Form 4 (SEC) CFO Form 4 (SEC)
• Negative Sentiment: Director sales: Directors Dan F. Smith and Edward P. Djerejian each sold 18,000 shares (~\$522K each), trimming positions by ~13–14% — multiple board-level sales on similar dates can magnify negative market reaction. Director Form 4 (SEC) InsiderTrades: Djerejian sale

About Magnolia Oil & Gas

Magnolia Oil & Gas Corp (NYSE: MGY) is an independent exploration and production company focused on the acquisition, development and optimization of onshore oil and gas assets in South Texas. Headquartered in Houston, the company concentrates its efforts on the Eagle Ford Shale, where it holds significant working interests in key producing counties.

The company’s core operations center on horizontal drilling and multi-stage completions designed to extract light crude oil, natural gas and natural gas liquids (NGLs).