Zacks Research Has Pessimistic Outlook of MGY Q2 Earnings

Magnolia Oil & Gas Corp (NYSE:MGY) – Equities research analysts at Zacks Research reduced their Q2 2026 earnings per share (EPS) estimates for shares of Magnolia Oil & Gas in a report issued on Wednesday, September 3rd. Zacks Research analyst Team now anticipates that the company will earn $0.42 per share for the quarter, down from their previous forecast of $0.43. 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’ FY2026 earnings at $1.81 EPS and FY2027 earnings at $1.94 EPS.

MGY has been the subject of several other reports. UBS Group reiterated a “buy” rating and issued a $29.00 target price (up from $26.00) on shares of Magnolia Oil & Gas in a research report on Friday, June 13th. Citigroup reiterated a “sell” rating on shares of Magnolia Oil & Gas in a research report on Thursday, July 10th. Wells Fargo & Company dropped their target price on Magnolia Oil & Gas from $22.00 to $21.00 and set an “underweight” rating for the company in a research report on Monday, June 16th. William Blair began coverage on Magnolia Oil & Gas in a research report on Monday, August 25th. They issued an “outperform” rating for the company. Finally, Piper Sandler raised their price objective on Magnolia Oil & Gas from $24.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, July 17th. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Magnolia Oil & Gas presently has a consensus rating of “Hold” and a consensus price target of $26.67.

Magnolia Oil & Gas Price Performance

Magnolia Oil & Gas stock opened at $23.59 on Thursday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $4.50 billion, a PE ratio of 12.35, a P/E/G ratio of 3.24 and a beta of 1.33. Magnolia Oil & Gas has a 12 month low of $19.09 and a 12 month high of $29.02. The stock has a 50-day moving average price of $23.70 and a two-hundred day moving average price of $23.03.

Magnolia Oil & Gas (NYSE:MGY) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.03. The business had revenue of $318.98 million during the quarter, compared to the consensus estimate of $311.58 million. Magnolia Oil & Gas had a return on equity of 19.34% and a net margin of 27.57%.Magnolia Oil & Gas’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.51 EPS.

Magnolia Oil & Gas Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 11th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Monday, August 11th. Magnolia Oil & Gas’s dividend payout ratio (DPR) is 31.41%.

Hedge Funds Weigh In On Magnolia Oil & Gas

A number of hedge funds have recently made changes to their positions in the stock. Osaic Holdings Inc. grew its stake in Magnolia Oil & Gas by 160.0% during the second quarter. Osaic Holdings Inc. now owns 4,363 shares of the company’s stock worth $100,000 after purchasing an additional 2,685 shares during the period. Orion Porfolio Solutions LLC grew its stake in Magnolia Oil & Gas by 1.5% during the second quarter. Orion Porfolio Solutions LLC now owns 119,036 shares of the company’s stock worth $2,676,000 after purchasing an additional 1,774 shares during the period. Geneos Wealth Management Inc. grew its stake in Magnolia Oil & Gas by 90.5% during the second quarter. Geneos Wealth Management Inc. now owns 2,212 shares of the company’s stock worth $50,000 after purchasing an additional 1,051 shares during the period. Caxton Associates LLP acquired a new stake in Magnolia Oil & Gas during the second quarter worth approximately $267,000. Finally, Public Sector Pension Investment Board grew its stake in Magnolia Oil & Gas by 5.0% during the second quarter. Public Sector Pension Investment Board now owns 725,290 shares of the company’s stock worth $16,305,000 after purchasing an additional 34,415 shares during the period. 94.73% of the stock is currently owned by institutional investors.

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.