Zacks Research Issues Negative Estimate for MGY Earnings

Magnolia Oil & Gas Corp (NYSE:MGY) – Research analysts at Zacks Research decreased their Q1 2028 earnings per share (EPS) estimates for Magnolia Oil & Gas in a report issued on Monday, June 22nd. Zacks Research analyst Team now forecasts that the company will post earnings of $0.54 per share for the quarter, down from their prior estimate of $0.56. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Magnolia Oil & Gas’ current full-year earnings is $2.83 per share. Zacks Research also issued estimates for Magnolia Oil & Gas’ FY2028 earnings at $2.19 EPS.

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

A number of other analysts also recently issued reports on the stock. Wells Fargo & Company lowered 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. Citigroup cut 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 report on Monday, April 13th. Piper Sandler upped their price objective on shares of Magnolia Oil & Gas from $28.00 to $31.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. Weiss Ratings lowered shares of Magnolia Oil & Gas from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Finally, Truist Financial raised their target price on Magnolia Oil & Gas from $33.00 to $34.00 and gave the company a “hold” rating in a research report on Monday, April 27th. Eight research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, Magnolia Oil & Gas has an average rating of “Hold” and an average target price of $31.33.

Magnolia Oil & Gas Price Performance

NYSE:MGY opened at $26.84 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.10 and a quick ratio of 1.10. The company has a 50 day moving average price of $28.39 and a 200-day moving average price of $26.86. Magnolia Oil & Gas has a 1-year low of $21.07 and a 1-year high of $32.76. The firm has a market cap of $4.96 billion, a price-to-earnings ratio of 15.60 and a beta of 0.71.

Magnolia Oil & Gas Dividend Announcement

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. The ex-dividend date was Tuesday, May 12th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.5%. Magnolia Oil & Gas’s dividend payout ratio (DPR) is 38.37%.

Institutional Investors Weigh In On Magnolia Oil & Gas

Institutional investors have recently added to or reduced their stakes in the stock. Lido Advisors LLC grew its position in shares of Magnolia Oil & Gas by 2.4% in the fourth quarter. Lido Advisors LLC now owns 16,197 shares of the company’s stock valued at $382,000 after purchasing an additional 387 shares during the period. Oak Family Advisors LLC increased its stake in shares of Magnolia Oil & Gas by 0.9% during the fourth quarter. Oak Family Advisors LLC now owns 47,620 shares of the company’s stock worth $1,042,000 after purchasing an additional 410 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Magnolia Oil & Gas by 10.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,624 shares of the company’s stock worth $102,000 after purchasing an additional 422 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Magnolia Oil & Gas by 8.0% during the 4th quarter. GAMMA Investing LLC now owns 6,130 shares of the company’s stock worth $134,000 after purchasing an additional 453 shares during the last quarter. Finally, Coldstream Capital Management Inc. lifted its stake in Magnolia Oil & Gas by 3.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 15,937 shares of the company’s stock valued at $380,000 after buying an additional 482 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

Key Magnolia Oil & Gas News

Here are the key news stories impacting Magnolia Oil & Gas this week:

• Positive Sentiment: Zacks Research lifted Magnolia Oil & Gas earnings estimates for multiple periods, including FY2026 to $2.57 from $2.51, Q2 2026 to $0.65 from $0.64, Q3 2026 to $0.70 from $0.67, and FY2027 to $2.48 from $2.46. Magnolia Oil & Gas stock page
• Positive Sentiment: The analyst also increased estimates for Q1 2027 to $0.63 and Q2 2027 to $0.59, reinforcing a generally stable earnings outlook for Magnolia Oil & Gas. Magnolia Oil & Gas stock page
• Neutral Sentiment: Zacks Research kept a Hold rating on Magnolia Oil & Gas, indicating the firm sees limited near-term upside despite the higher earnings forecasts. Magnolia Oil & Gas stock page
• Negative Sentiment: Zacks Research cut its Q1 2028 EPS estimate to $0.54 from $0.56 and FY2028 EPS to $2.19 from $2.25, signaling slightly softer longer-term expectations. Magnolia Oil & Gas stock page

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).