Equities Analysts Offer Predictions for MGY FY2028 Earnings

Magnolia Oil & Gas Corp (NYSE:MGY) – Investment analysts at Zacks Research raised their FY2028 EPS estimates for shares of Magnolia Oil & Gas in a research report issued to clients and investors on Monday, March 30th. Zacks Research analyst Team now forecasts that the company will earn $2.11 per share for the year, up from their prior forecast of $2.09. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Magnolia Oil & Gas’ current full-year earnings is $2.10 per share.

Other equities research analysts also recently issued reports about the stock. Truist Financial initiated coverage on shares of Magnolia Oil & Gas in a research report on Tuesday, March 24th. They set a “hold” rating and a $33.00 price target for the company. Mizuho set a $30.00 price target on Magnolia Oil & Gas in a report on Friday, February 6th. The Goldman Sachs Group raised their price objective on Magnolia Oil & Gas from $23.00 to $26.00 and gave the company a “neutral” rating in a research note on Wednesday, February 11th. Wells Fargo & Company set a $25.00 price objective on Magnolia Oil & Gas in a report on Monday, February 16th. Finally, KeyCorp boosted their target price on Magnolia Oil & Gas from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Magnolia Oil & Gas has an average rating of “Moderate Buy” and a consensus target price of $29.27.

Magnolia Oil & Gas Trading Down 0.7%

Shares of MGY opened at $32.14 on Tuesday. Magnolia Oil & Gas has a twelve month low of $19.09 and a twelve month high of $32.76. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $5.99 billion, a P/E ratio of 18.69, a PEG ratio of 2.27 and a beta of 0.89. The firm’s 50-day moving average is $27.67 and its two-hundred day moving average is $24.57.

Magnolia Oil & Gas (NYSE:MGY) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $317.63 million during the quarter, compared to the consensus estimate of $322.18 million. Magnolia Oil & Gas had a net margin of 24.79% and a return on equity of 16.67%. The business’s revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.44 EPS.

Magnolia Oil & Gas Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 10th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 2.1%. This is a boost from Magnolia Oil & Gas’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Tuesday, February 10th. Magnolia Oil & Gas’s payout ratio is currently 38.37%.

Insiders Place Their Bets

In other news, EVP Timothy D. Yang sold 150,000 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $29.29, for a total value of $4,393,500.00. Following the sale, the executive vice president directly owned 526,661 shares in the company, valued at $15,425,900.69. This represents a 22.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dan F. Smith sold 18,000 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $29.01, for a total transaction of $522,180.00. Following the transaction, the director directly 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 338,954 shares of company stock valued at $9,911,733. Corporate insiders own 0.93% of the company’s stock.

Hedge Funds Weigh In On Magnolia Oil & Gas

Hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC raised its holdings in shares of Magnolia Oil & Gas by 77.7% in the first quarter. AQR Capital Management LLC now owns 56,346 shares of the company’s stock worth $1,423,000 after acquiring an additional 24,631 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Magnolia Oil & Gas by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 103,109 shares of the company’s stock valued at $2,605,000 after acquiring an additional 4,512 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Magnolia Oil & Gas by 8.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 242,880 shares of the company’s stock valued at $6,135,000 after acquiring an additional 18,447 shares during the last quarter. Intech Investment Management LLC increased its position in Magnolia Oil & Gas by 11.3% during the 1st quarter. Intech Investment Management LLC now owns 68,814 shares of the company’s stock worth $1,738,000 after purchasing an additional 7,008 shares in the last quarter. Finally, Legal & General Group Plc increased its position in Magnolia Oil & Gas by 0.7% during the 2nd quarter. Legal & General Group Plc now owns 483,490 shares of the company’s stock worth $10,869,000 after purchasing an additional 3,240 shares in the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

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).