Equities Analysts Offer Predictions for MGY Q1 Earnings

Magnolia Oil & Gas Corp (NYSE:MGY) – Investment analysts at Zacks Research lifted their Q1 2028 earnings per share (EPS) estimates for shares of Magnolia Oil & Gas in a report released on Monday, March 30th. Zacks Research analyst Team now forecasts that the company will earn $0.51 per share for the quarter, up from their previous forecast of $0.50. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for Magnolia Oil & Gas’ current full-year earnings is $2.10 per share.

Magnolia Oil & Gas (NYSE:MGY) last announced 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 the consensus estimate of $322.18 million. Magnolia Oil & Gas had a return on equity of 16.67% and a net margin of 24.79%.The company’s revenue was down 2.8% on a year-over-year basis. During the same period last year, the business posted $0.44 EPS.

Several other analysts also recently weighed in on the stock. Siebert Williams Shank downgraded shares of Magnolia Oil & Gas from a “buy” rating to a “hold” rating in a report on Friday, March 6th. Bank of America upgraded Magnolia Oil & Gas from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $26.00 to $28.00 in a research report on Friday, January 16th. BMO Capital Markets began coverage on Magnolia Oil & Gas in a research note on Friday, January 9th. They set an “outperform” rating and a $27.00 target price for the company. UBS Group lifted their price target on Magnolia Oil & Gas from $29.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Finally, Citigroup upped their price objective on Magnolia Oil & Gas from $29.00 to $35.00 and gave the stock a “neutral” rating in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, Magnolia Oil & Gas presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.55.

Magnolia Oil & Gas Stock Performance

NYSE:MGY opened at $30.16 on Thursday. 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 has a market cap of $5.62 billion, a price-to-earnings ratio of 17.54, a price-to-earnings-growth ratio of 2.22 and a beta of 0.89. The firm’s fifty day moving average price is $27.97 and its 200 day moving average price is $24.67. Magnolia Oil & Gas has a 1-year low of $19.09 and a 1-year high of $32.76.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Lido Advisors LLC lifted its stake in Magnolia Oil & Gas by 2.4% in the 4th quarter. Lido Advisors LLC now owns 16,197 shares of the company’s stock valued at $382,000 after buying an additional 387 shares in the last quarter. Oak Family Advisors LLC lifted its position in shares of Magnolia Oil & Gas by 0.9% in the fourth quarter. Oak Family Advisors LLC now owns 47,620 shares of the company’s stock valued at $1,042,000 after acquiring an additional 410 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Magnolia Oil & Gas by 10.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,624 shares of the company’s stock valued at $102,000 after acquiring an additional 422 shares during the last quarter. GAMMA Investing LLC increased its position in Magnolia Oil & Gas by 8.0% during the 4th quarter. GAMMA Investing LLC now owns 6,130 shares of the company’s stock worth $134,000 after purchasing an additional 453 shares in the last quarter. Finally, Coldstream Capital Management Inc. raised its stake in Magnolia Oil & Gas by 3.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 15,937 shares of the company’s stock valued at $380,000 after purchasing an additional 482 shares during the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Magnolia Oil & Gas

In related news, CEO Christopher G. Stavros sold 119,954 shares of the business’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $29.29, for a total value of $3,513,452.66. Following the sale, the chief executive officer directly owned 883,592 shares in the company, valued at $25,880,409.68. The trade was a 11.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Timothy D. Yang sold 150,000 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $29.29, for a total transaction of $4,393,500.00. Following the transaction, the executive vice president owned 526,661 shares of the company’s stock, valued at $15,425,900.69. This trade represents a 22.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 338,954 shares of company stock valued at $9,911,733 in the last 90 days. 1.20% of the stock is owned by corporate insiders.

Magnolia Oil & Gas Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 10th were issued a dividend of $0.165 per share. This is a boost from Magnolia Oil & Gas’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Tuesday, February 10th. Magnolia Oil & Gas’s payout ratio is presently 38.37%.

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).