Zacks Research Brokers Lower Earnings Estimates for MGY

Magnolia Oil & Gas Corp (NYSE:MGY) – Zacks Research decreased their Q3 2026 earnings per share (EPS) estimates for Magnolia Oil & Gas in a research note issued to investors on Thursday, August 20th. Zacks Research analyst Team now anticipates that the company will post earnings per share of $0.40 for the quarter, down from their prior forecast of $0.57. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Magnolia Oil & Gas’ current full-year earnings is $2.87 per share. Zacks Research also issued estimates for Magnolia Oil & Gas’ Q4 2026 earnings at $0.78 EPS, FY2026 earnings at $2.71 EPS, Q1 2027 earnings at $0.72 EPS, Q2 2027 earnings at $0.68 EPS, Q3 2027 earnings at $0.68 EPS, Q4 2027 earnings at $0.74 EPS, FY2027 earnings at $2.82 EPS, Q1 2028 earnings at $0.72 EPS, Q2 2028 earnings at $0.81 EPS and FY2028 earnings at $3.19 EPS.

Magnolia Oil & Gas (NYSE:MGY) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.06. The company had revenue of $478.81 million during the quarter, compared to analyst estimates of $458.10 million. Magnolia Oil & Gas had a return on equity of 21.04% and a net margin of 28.77%.The firm’s revenue for the quarter was up 50.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 EPS.

Other analysts have also recently issued research reports about the company. Mizuho raised Magnolia Oil & Gas to a “strong-buy” rating in a report on Friday, July 31st. Wells Fargo & Company lifted their target price on Magnolia Oil & Gas from $31.00 to $36.00 and gave the company an “equal weight” rating in a report on Thursday, August 13th. Roth Capital decreased their target price on shares of Magnolia Oil & Gas from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Citigroup dropped their price target on Magnolia Oil & Gas from $29.00 to $27.00 and set a “neutral” rating for the company in a research report on Tuesday, August 11th. Finally, Johnson Rice raised Magnolia Oil & Gas from a “hold” rating to an “accumulate” rating and decreased their price objective for the company from $33.00 to $32.00 in a report on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Magnolia Oil & Gas currently has an average rating of “Moderate Buy” and an average target price of $31.62.

Magnolia Oil & Gas Trading Down 3.2%

NYSE:MGY opened at $27.23 on Monday. Magnolia Oil & Gas has a 1 year low of $21.07 and a 1 year high of $32.76. The stock’s fifty day moving average price is $26.00 and its two-hundred day moving average price is $27.81. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.58 and a quick ratio of 1.58. The company has a market cap of $6.45 billion, a P/E ratio of 11.94 and a beta of 0.72.

Magnolia Oil & Gas Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 10th will be issued a dividend of $0.18 per share. The ex-dividend date is Monday, August 10th. This represents a $0.72 annualized dividend and a yield of 2.6%. This is a boost from Magnolia Oil & Gas’s previous quarterly dividend of $0.17. Magnolia Oil & Gas’s dividend payout ratio (DPR) is currently 31.58%.

Insiders Place Their Bets

In related news, Director David M. Khani purchased 8,000 shares of Magnolia Oil & Gas stock in a transaction that occurred on Friday, August 7th. The shares were acquired at an average cost of $25.00 per share, for a total transaction of $200,000.00. Following the transaction, the director directly owned 30,622 shares in the company, valued at $765,550. The trade was a 35.36% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.92% of the stock is owned by corporate insiders.

Institutional Trading of Magnolia Oil & Gas

A number of institutional investors have recently made changes to their positions in the stock. Valued Wealth Advisors LLC purchased a new position in shares of Magnolia Oil & Gas in the first quarter worth $29,000. EverSource Wealth Advisors LLC boosted its position in Magnolia Oil & Gas by 165.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,386 shares of the company’s stock valued at $31,000 after buying an additional 864 shares during the period. Harbor Investment Advisory LLC bought a new stake in Magnolia Oil & Gas in the 2nd quarter worth $39,000. Torren Management LLC bought a new stake in Magnolia Oil & Gas in the 4th quarter worth $38,000. Finally, Parallel Advisors LLC increased its position in shares of Magnolia Oil & Gas by 79.8% in the fourth quarter. Parallel Advisors LLC now owns 1,769 shares of the company’s stock valued at $39,000 after acquiring an additional 785 shares during the period. Hedge funds and other institutional investors own 94.73% of the company’s stock.

About Magnolia Oil & Gas

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).