Zacks Research Has Optimistic Outlook of MGY Q1 Earnings

Magnolia Oil & Gas Co. (NYSE:MGY) – Equities researchers at Zacks Research upped their Q1 2025 earnings per share estimates for Magnolia Oil & Gas in a note issued to investors on Thursday, April 3rd. Zacks Research analyst N. Choudhury now expects that the company will post earnings per share of $0.51 for the quarter, up from their prior forecast of $0.50. The consensus estimate for Magnolia Oil & Gas’ current full-year earnings is $2.10 per share. Zacks Research also issued estimates for Magnolia Oil & Gas’ Q1 2025 earnings at $0.51 EPS, Q2 2025 earnings at $0.50 EPS, Q2 2025 earnings at $0.50 EPS, Q3 2025 earnings at $0.54 EPS, Q3 2025 earnings at $0.54 EPS, FY2025 earnings at $2.11 EPS, FY2025 earnings at $2.11 EPS, Q1 2027 earnings at $0.56 EPS and FY2027 earnings at $2.35 EPS.

Magnolia Oil & Gas (NYSE:MGY) last released its earnings results on Tuesday, February 18th. The company reported $0.49 earnings per share for the quarter, topping 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 company had revenue of $326.61 million during the quarter, compared to the consensus estimate of $327.40 million.

MGY has been the subject of several other reports. Williams Trading set a $29.00 price target on shares of Magnolia Oil & Gas in a research report on Wednesday, March 5th. Mizuho raised their price target on Magnolia Oil & Gas from $27.00 to $28.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. JPMorgan Chase & Co. decreased their price target on Magnolia Oil & Gas from $28.00 to $24.00 and set a “neutral” rating on the stock in a research note on Thursday, March 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 lowered their price target for the company from $27.00 to $26.00 in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $27.77.

Magnolia Oil & Gas Price Performance

Shares of Magnolia Oil & Gas stock opened at $21.05 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.47 and a current ratio of 1.42. Magnolia Oil & Gas has a 52-week low of $20.76 and a 52-week high of $29.02. The company has a fifty day moving average of $23.90 and a 200-day moving average of $25.09. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 10.90, a price-to-earnings-growth ratio of 3.01 and a beta of 1.57.

Hedge Funds Weigh In On Magnolia Oil & Gas

Large investors have recently made changes to their positions in the business. FMR LLC increased its position in Magnolia Oil & Gas by 174.9% during the 3rd quarter. FMR LLC now owns 34,851 shares of the company’s stock valued at $851,000 after buying an additional 22,171 shares in the last quarter. HighTower Advisors LLC purchased a new stake in shares of Magnolia Oil & Gas in the third quarter worth $353,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Magnolia Oil & Gas by 4.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,076,541 shares of the company’s stock valued at $48,550,000 after acquiring an additional 85,524 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of Magnolia Oil & Gas in the 4th quarter worth about $590,000. Finally, Proficio Capital Partners LLC bought a new position in Magnolia Oil & Gas in the 4th quarter worth about $292,000. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Magnolia Oil & Gas news, CEO Christopher G. Stavros purchased 2,500 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was bought at an average cost of $22.05 per share, with a total value of $55,125.00. Following the transaction, the chief executive officer now directly owns 892,372 shares in the company, valued at approximately $19,676,802.60. The trade was a 0.28 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.20% of the stock is currently owned by company insiders.

Magnolia Oil & Gas Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a $0.15 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.60 annualized dividend and a dividend yield of 2.85%. This is a positive change from Magnolia Oil & Gas’s previous quarterly dividend of $0.13. Magnolia Oil & Gas’s dividend payout ratio is currently 31.09%.

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.