Magnolia Oil & Gas (NYSE:MGY) Price Target Raised to $35.00

Magnolia Oil & Gas (NYSE:MGY) had its price target hoisted by Truist Financial from $34.00 to $35.00 in a research report report published on Friday,Benzinga reports. Truist Financial currently has a buy rating on the stock.

Other research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. raised shares of Magnolia Oil & Gas from a “neutral” rating to an “overweight” rating and increased their target price for the company from $32.00 to $33.00 in a report on Tuesday, September 8th. Zacks Research raised Magnolia Oil & Gas from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 14th. Seaport Research Partners initiated coverage on Magnolia Oil & Gas in a research note on Thursday, September 3rd. They set a “neutral” rating on the stock. Roth Capital dropped their price target on Magnolia Oil & Gas from $30.00 to $29.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. Finally, Siebert Williams Shank raised Magnolia Oil & Gas from a “hold” rating to a “buy” rating and lifted their price target for the stock from $30.00 to $32.00 in a research note on Wednesday, September 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $31.88.

Magnolia Oil & Gas Stock Performance

NYSE:MGY opened at $24.03 on Friday. The firm’s fifty day simple moving average is $25.89 and its 200-day simple moving average is $27.46. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.18. The stock has a market cap of $5.69 billion, a PE ratio of 10.54 and a beta of 0.80. Magnolia Oil & Gas has a fifty-two week low of $21.07 and a fifty-two week high of $32.76.

Magnolia Oil & Gas (NYSE:MGY) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.93 by $0.06. The firm had revenue of $478.81 million during the quarter, compared to analysts’ expectations of $458.10 million. Magnolia Oil & Gas had a net margin of 28.77% and a return on equity of 21.04%. The business’s revenue for the quarter was up 50.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.41 earnings per share. Analysts expect that Magnolia Oil & Gas will post 2.75 earnings per share for the current fiscal year.

Magnolia Oil & Gas Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 10th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, August 10th. This is a positive change from Magnolia Oil & Gas’s previous quarterly dividend of $0.1650. This represents a $0.72 annualized dividend and a yield of 3.0%. Magnolia Oil & Gas’s dividend payout ratio (DPR) is 31.58%.

Insider Buying and Selling at Magnolia Oil & Gas

In related news, Director David Khani purchased 8,000 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was bought at an average cost of $25.00 per share, with a total value of $200,000.00. Following the completion of the acquisition, the director directly owned 30,622 shares in the company, valued at $765,550. The trade was a 35.36% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.92% of the stock is currently owned by company insiders.

Institutional Trading of Magnolia Oil & Gas

A number of large investors have recently made changes to their positions in the stock. Tidal Investments LLC increased its position in Magnolia Oil & Gas by 34.3% during the 2nd quarter. Tidal Investments LLC now owns 93,383 shares of the company’s stock worth $2,389,000 after purchasing an additional 23,833 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in Magnolia Oil & Gas in the 2nd quarter valued at about $72,000. IFP Advisors Inc lifted its holdings in Magnolia Oil & Gas by 12.2% in the 2nd quarter. IFP Advisors Inc now owns 9,180 shares of the company’s stock valued at $235,000 after purchasing an additional 999 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Magnolia Oil & Gas by 11.0% during the 2nd quarter. Allworth Financial LP now owns 5,760 shares of the company’s stock worth $147,000 after purchasing an additional 571 shares during the last quarter. Finally, Arizona State Retirement System boosted its stake in shares of Magnolia Oil & Gas by 3.3% during the 2nd quarter. Arizona State Retirement System now owns 49,947 shares of the company’s stock worth $1,278,000 after purchasing an additional 1,579 shares during 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: Higher production outlook following WildFire acquisition: Magnolia provided third- and fourth-quarter 2026 production guidance and updated its 2027 outlook after completing the WildFire Energy acquisition. The deal is expected to expand Magnolia’s operating scale and increase production, potentially supporting revenue and cash flow growth. Magnolia Oil & Gas Provides Production Guidance
• Positive Sentiment: Analysts maintain bullish views: Roth MKM reaffirmed its Buy rating, while Truist Financial raised its price target from $34 to $35 and retained a Buy rating. Truist’s target implies substantial upside from recent trading levels, indicating confidence in Magnolia’s production growth and financial prospects. Roth MKM Reaffirms Buy Rating
• Positive Sentiment: Initial operating update was constructive: Magnolia’s interim financial and operations update following the WildFire closing gives investors additional visibility into the combined company and its integration plans. Magnolia Interim Financial and Operations Update
• Neutral Sentiment: Articles comparing Magnolia with Sky Quarry and Frontline primarily provide relative financial or investment analysis rather than new company-specific developments. Financial Contrast
• Negative Sentiment: The expanded production outlook also raises execution risks, including integrating WildFire assets, delivering the forecast production increases and managing costs. Those concerns may be limiting the immediate market reaction despite the positive analyst commentary. Post-WildFire Production Shift

Magnolia Oil & Gas Company Profile

Magnolia Oil & Gas Corporation is an independent oil and natural gas exploration and production company. The company focuses on the acquisition, development, exploration and production of crude oil, natural gas and natural gas liquids.

Magnolia’s operations are concentrated in the Eagle Ford Shale and Austin Chalk formations in South Texas, including its Karnes and Giddings areas. Its production activities are supported by established infrastructure and involve the development of unconventional oil and gas resources.

The company was formed in 2017 through a business combination involving TPG Pace Energy Holdings Corp.