Zacks Research Issues Optimistic Estimate for MGY Earnings

Magnolia Oil & Gas Corp (NYSE:MGY) – Research analysts at Zacks Research increased their Q2 2026 earnings estimates for Magnolia Oil & Gas in a research note issued on Wednesday, July 29th. Zacks Research analyst Team now forecasts that the company will earn $0.66 per share for the quarter, up from their previous forecast of $0.65. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Magnolia Oil & Gas’ current full-year earnings is $2.70 per share. Zacks Research also issued estimates for Magnolia Oil & Gas’ Q3 2027 earnings at $0.58 EPS and Q2 2028 earnings at $0.55 EPS.

A number of other research analysts also recently commented on MGY. Citigroup dropped their price objective on shares of Magnolia Oil & Gas from $35.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday, April 13th. Susquehanna raised their target price on shares of Magnolia Oil & Gas from $35.00 to $36.00 and gave the stock a “positive” rating in a research report on Tuesday, July 21st. UBS Group lowered their target price on shares of Magnolia Oil & Gas from $38.00 to $34.00 and set a “buy” rating for the company in a report on Friday, July 10th. Roth Capital dropped their price target on shares of Magnolia Oil & Gas from $30.00 to $29.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. Finally, Wells Fargo & Company decreased their price target on shares of Magnolia Oil & Gas from $32.00 to $31.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 13th. Nine investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.50.

Magnolia Oil & Gas Stock Performance

NYSE MGY opened at $25.00 on Thursday. The business’s 50-day moving average price is $26.68 and its 200 day moving average price is $27.51. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.19. Magnolia Oil & Gas has a twelve month low of $21.07 and a twelve month high of $32.76. The company has a market capitalization of $4.62 billion, a PE ratio of 14.54 and a beta of 0.70.

Magnolia Oil & Gas (NYSE:MGY) last posted its earnings results on Wednesday, May 6th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. The firm had revenue of $358.51 million for the quarter, compared to analyst estimates of $349.89 million. Magnolia Oil & Gas had a return on equity of 16.28% and a net margin of 24.40%.Magnolia Oil & Gas’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 EPS.

Institutional Investors Weigh In On Magnolia Oil & Gas

Large investors have recently made changes to their positions in the business. Fulton Bank N.A. lifted its holdings in shares of Magnolia Oil & Gas by 25.7% during the 2nd quarter. Fulton Bank N.A. now owns 14,292 shares of the company’s stock valued at $366,000 after acquiring an additional 2,923 shares in the last quarter. Revolve Wealth Partners LLC acquired a new position in shares of Magnolia Oil & Gas during the second quarter worth about $210,000. GAMMA Investing LLC boosted its position in shares of Magnolia Oil & Gas by 10.1% in the second quarter. GAMMA Investing LLC now owns 7,572 shares of the company’s stock worth $194,000 after buying an additional 697 shares during the period. Harbor Investment Advisory LLC purchased a new stake in shares of Magnolia Oil & Gas in the second quarter worth about $39,000. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of Magnolia Oil & Gas in the second quarter valued at about $149,000. Institutional investors and hedge funds own 94.73% of the company’s stock.

Magnolia Oil & Gas Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 10th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.9%. This is a positive change from Magnolia Oil & Gas’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Monday, August 10th. Magnolia Oil & Gas’s dividend payout ratio is presently 38.37%.

Magnolia Oil & Gas Company Profile

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).