Q2 EPS Estimate for Magnolia Oil & Gas Increased by Analyst

Magnolia Oil & Gas Corp (NYSE:MGY) – Stock analysts at Zacks Research lifted their Q2 2026 EPS estimates for Magnolia Oil & Gas in a report released on Monday, June 22nd. Zacks Research analyst Team now forecasts that the company will post earnings per share of $0.65 for the quarter, up from their previous estimate of $0.64. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Magnolia Oil & Gas’ current full-year earnings is $2.82 per share. Zacks Research also issued estimates for Magnolia Oil & Gas’ Q3 2026 earnings at $0.70 EPS, Q4 2026 earnings at $0.68 EPS, FY2026 earnings at $2.57 EPS, Q1 2027 earnings at $0.63 EPS, Q2 2027 earnings at $0.59 EPS, Q4 2027 earnings at $0.63 EPS and FY2027 earnings at $2.48 EPS.

Several other research firms have also issued reports on MGY. Piper Sandler boosted their price target on Magnolia Oil & Gas from $28.00 to $31.00 and gave the company a “neutral” rating in a report on Thursday, March 12th. Roth Mkm raised Magnolia Oil & Gas from a “neutral” rating to a “buy” rating and set a $31.00 price objective on the stock in a research report on Monday. Mizuho boosted their price objective on Magnolia Oil & Gas from $33.00 to $35.00 and gave the company an “outperform” rating in a research note on Wednesday, May 27th. Siebert Williams Shank lowered shares of Magnolia Oil & Gas from a “buy” rating to a “hold” rating in a report on Friday, March 6th. Finally, UBS Group raised their target price on shares of Magnolia Oil & Gas from $29.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Eight investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, Magnolia Oil & Gas currently has an average rating of “Hold” and an average target price of $31.33.

Magnolia Oil & Gas Price Performance

Shares of Magnolia Oil & Gas stock opened at $27.13 on Tuesday. Magnolia Oil & Gas has a one year low of $21.07 and a one year high of $32.76. The stock’s fifty day moving average is $28.46 and its 200 day moving average is $26.83. The stock has a market cap of $5.02 billion, a P/E ratio of 15.77 and a beta of 0.71. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.10 and a current ratio of 1.10.

Magnolia Oil & Gas (NYSE:MGY) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.03. Magnolia Oil & Gas had a net margin of 24.40% and a return on equity of 16.28%. The business had revenue of $358.51 million for the quarter, compared to analysts’ expectations of $349.89 million. During the same quarter last year, the company posted $0.54 EPS. The company’s revenue was up 2.3% compared to the same quarter last year.

Magnolia Oil & Gas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Tuesday, May 12th. Magnolia Oil & Gas’s dividend payout ratio is currently 38.37%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its position in Magnolia Oil & Gas by 34.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 858,972 shares of the company’s stock worth $20,504,000 after buying an additional 221,920 shares during the last quarter. Foster Victor Wealth Advisors LLC lifted its stake in Magnolia Oil & Gas by 9.2% during the 4th quarter. Foster Victor Wealth Advisors LLC now owns 417,192 shares of the company’s stock valued at $9,429,000 after acquiring an additional 35,223 shares during the period. Bessemer Group Inc. boosted its holdings in shares of Magnolia Oil & Gas by 22.4% in the 4th quarter. Bessemer Group Inc. now owns 1,116,993 shares of the company’s stock valued at $24,452,000 after acquiring an additional 204,467 shares during the last quarter. TD Asset Management Inc increased its stake in shares of Magnolia Oil & Gas by 55.7% in the third quarter. TD Asset Management Inc now owns 4,478,361 shares of the company’s stock worth $106,898,000 after acquiring an additional 1,601,809 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Magnolia Oil & Gas by 4.7% in the third quarter. Dimensional Fund Advisors LP now owns 6,369,713 shares of the company’s stock worth $152,051,000 after acquiring an additional 283,444 shares during the period. Institutional investors own 94.73% of the company’s stock.

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).