Zacks Research Has Negative Estimate for MGY Q4 Earnings

Magnolia Oil & Gas Co. (NYSE:MGY) – Investment analysts at Zacks Research lowered their Q4 2024 earnings per share (EPS) estimates for Magnolia Oil & Gas in a research report issued to clients and investors on Monday, February 17th. Zacks Research analyst N. Choudhury now anticipates that the company will earn $0.41 per share for the quarter, down from their prior estimate of $0.42. The consensus estimate for Magnolia Oil & Gas’ current full-year earnings is $2.08 per share. Zacks Research also issued estimates for Magnolia Oil & Gas’ Q4 2025 earnings at $0.51 EPS, FY2025 earnings at $1.89 EPS, Q1 2026 earnings at $0.47 EPS, Q2 2026 earnings at $0.50 EPS, Q3 2026 earnings at $0.58 EPS, Q4 2026 earnings at $0.62 EPS and FY2026 earnings at $2.16 EPS.

Magnolia Oil & Gas (NYSE:MGY) last announced its earnings results on Tuesday, February 18th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. Magnolia Oil & Gas had a return on equity of 20.74% and a net margin of 27.82%. The firm had revenue of $326.61 million for the quarter, compared to analyst estimates of $327.40 million.

MGY has been the subject of several other research reports. Mizuho upped their price target on shares of Magnolia Oil & Gas from $27.00 to $28.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. Johnson Rice cut Magnolia Oil & Gas from a “moderate buy” rating to a “hold” rating in a report on Tuesday, January 28th. Bank of America reaffirmed a “neutral” rating and issued a $28.00 price target (down from $29.00) on shares of Magnolia Oil & Gas in a research note on Monday, January 13th. Piper Sandler increased their price objective on Magnolia Oil & Gas from $24.00 to $26.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Finally, The Goldman Sachs Group lowered shares of Magnolia Oil & Gas from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $27.00 to $26.00 in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $27.58.

Magnolia Oil & Gas Stock Performance

NYSE:MGY opened at $24.04 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.47 and a current ratio of 1.42. The stock has a market capitalization of $4.72 billion, a PE ratio of 12.45, a P/E/G ratio of 3.01 and a beta of 1.98. Magnolia Oil & Gas has a fifty-two week low of $21.49 and a fifty-two week high of $29.02. The company has a fifty day moving average of $24.22 and a two-hundred day moving average of $25.22.

Magnolia Oil & Gas Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, February 14th. This is an increase from Magnolia Oil & Gas’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a yield of 2.50%. Magnolia Oil & Gas’s payout ratio is 31.09%.

Hedge Funds Weigh In On Magnolia Oil & Gas

Several institutional investors and hedge funds have recently bought and sold shares of MGY. FMR LLC lifted its holdings in Magnolia Oil & Gas by 174.9% in the third quarter. FMR LLC now owns 34,851 shares of the company’s stock valued at $851,000 after acquiring an additional 22,171 shares during the last quarter. HighTower Advisors LLC purchased a new stake in Magnolia Oil & Gas in the third quarter valued at $353,000. Intech Investment Management LLC purchased a new stake in Magnolia Oil & Gas in the third quarter valued at $1,252,000. Citigroup Inc. lifted its stake in shares of Magnolia Oil & Gas by 30.6% in the 3rd quarter. Citigroup Inc. now owns 313,778 shares of the company’s stock valued at $7,662,000 after purchasing an additional 73,431 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Magnolia Oil & Gas by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,991,017 shares of the company’s stock worth $48,621,000 after purchasing an additional 75,305 shares during the period. 94.73% of the stock is currently owned by institutional investors and hedge funds.

About Magnolia Oil & Gas

Magnolia Oil & Gas Corp. engages in the acquisition, development, exploration, and production of oil and natural gas properties. It operates assets located in the Eagle Ford Shale and Austin Chalk formations in South Texas. The company was founded on February 14, 2017 and is headquartered in Houston, TX.