Zacks Research Has Optimistic Outlook of MGY Q1 Earnings

Magnolia Oil & Gas Corp (NYSE:MGY) – Analysts at Zacks Research boosted their Q1 2027 EPS estimates for Magnolia Oil & Gas in a report released on Wednesday, May 20th. Zacks Research analyst Team now forecasts that the company will post earnings of $0.61 per share for the quarter, up from their previous estimate of $0.48. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Magnolia Oil & Gas’ current full-year earnings is $2.91 per share. Zacks Research also issued estimates for Magnolia Oil & Gas’ Q2 2027 earnings at $0.58 EPS, Q4 2027 earnings at $0.62 EPS, Q1 2028 earnings at $0.56 EPS and FY2028 earnings at $2.25 EPS.

Magnolia Oil & Gas (NYSE:MGY) last released its earnings results on Wednesday, May 6th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. The firm 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 company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.54 earnings per share.

Several other research firms also recently commented on MGY. The Goldman Sachs Group raised their price objective on shares of Magnolia Oil & Gas from $23.00 to $26.00 and gave the stock a “neutral” rating in a report on Wednesday, February 11th. Mizuho set a $30.00 target price on shares of Magnolia Oil & Gas in a report on Friday, February 6th. Susquehanna lowered their target price on shares of Magnolia Oil & Gas from $30.00 to $28.00 and set a “positive” rating on the stock in a report on Monday, January 26th. Piper Sandler boosted their target price on shares of Magnolia Oil & Gas from $28.00 to $31.00 and gave the company a “neutral” rating in a report on Thursday, March 12th. Finally, KeyCorp boosted their target price on shares of Magnolia Oil & Gas from $30.00 to $38.00 and gave the company an “overweight” rating in a report on Thursday, April 2nd. Seven research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $31.00.

Magnolia Oil & Gas Stock Down 1.7%

Shares of NYSE MGY opened at $29.24 on Friday. Magnolia Oil & Gas has a one year low of $21.07 and a one year high of $32.76. 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 business’s fifty day moving average price is $29.79 and its 200-day moving average price is $26.05. The stock has a market capitalization of $5.41 billion, a PE ratio of 17.00 and a beta of 0.75.

Institutional Trading of Magnolia Oil & Gas

Institutional investors and hedge funds have recently made changes to their positions in the stock. Salomon & Ludwin LLC raised its position in shares of Magnolia Oil & Gas by 130.1% during the 4th quarter. Salomon & Ludwin LLC now owns 1,344 shares of the company’s stock valued at $29,000 after buying an additional 760 shares in the last quarter. Valued Wealth Advisors LLC purchased a new position in shares of Magnolia Oil & Gas during the 1st quarter valued at about $29,000. EverSource Wealth Advisors LLC raised its holdings in shares of 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 in the last quarter. Torren Management LLC purchased a new position in shares of Magnolia Oil & Gas during the 4th quarter valued at about $38,000. Finally, Parallel Advisors LLC raised its holdings in shares of Magnolia Oil & Gas by 79.8% during the 4th quarter. Parallel Advisors LLC now owns 1,769 shares of the company’s stock valued at $39,000 after buying an additional 785 shares in the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Insider Transactions at Magnolia Oil & Gas

In other news, Director Dan F. Smith sold 18,000 shares of the firm’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $29.01, for a total transaction of $522,180.00. Following the sale, the director owned 119,204 shares in the company, valued at approximately $3,458,108.04. This trade represents a 13.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Timothy D. Yang sold 150,000 shares of the firm’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $29.29, for a total transaction of $4,393,500.00. Following the sale, the executive vice president owned 526,661 shares in the company, valued at approximately $15,425,900.69. This trade represents a 22.17% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 338,954 shares of company stock worth $9,911,733. 0.92% of the stock is owned by insiders.

Magnolia Oil & Gas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, May 12th. This represents a $0.66 annualized dividend and a dividend yield of 2.3%. Magnolia Oil & Gas’s dividend payout ratio (DPR) is presently 38.37%.

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).