Magnolia Oil & Gas (NYSE:MGY) Stock Gets Downgrade from Zacks Research

Magnolia Oil & Gas (NYSE:MGY) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday, Zacks reports. Zacks Research also issued estimates for Magnolia Oil & Gas’ Q3 2026 earnings at $0.38 EPS.

MGY has been the subject of a number of other research reports. Johnson Rice upgraded shares of Magnolia Oil & Gas from a “hold” rating to an “accumulate” rating and dropped their price objective for the company from $33.00 to $32.00 in a report on Monday, August 17th. Citigroup reduced their target price on shares of Magnolia Oil & Gas from $29.00 to $27.00 and set a “neutral” rating on the stock in a report on Tuesday, August 11th. Siebert Williams Shank raised shares of Magnolia Oil & Gas from a “hold” rating to a “buy” rating and raised their price target for the company from $30.00 to $32.00 in a research report on Wednesday, September 23rd. Mizuho raised shares of Magnolia Oil & Gas to a “strong-buy” rating in a research report on Friday, July 31st. Finally, UBS Group restated a “buy” rating on shares of Magnolia Oil & Gas in a research note on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.47.

Magnolia Oil & Gas Stock Performance

NYSE MGY opened at $24.86 on Tuesday. The company has a market cap of $5.89 billion, a P/E ratio of 10.91 and a beta of 0.80. 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 stock has a 50-day moving average of $25.86 and a two-hundred day moving average of $27.10. Magnolia Oil & Gas has a 1-year low of $21.07 and a 1-year high of $32.76.

Magnolia Oil & Gas (NYSE:MGY) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.06. The company had revenue of $478.81 million for the quarter, compared to analyst estimates 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 period in the prior year, the firm earned $0.41 earnings per share. As a group, analysts anticipate that Magnolia Oil & Gas will post 2.75 EPS for the current year.

Insider Transactions at Magnolia Oil & Gas

In related news, Director David Khani acquired 8,000 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was acquired at an average price of $25.00 per share, for a total transaction of $200,000.00. Following the purchase, the director owned 30,622 shares of the company’s stock, valued at $765,550. This represents a 35.36% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.92% of the stock is owned by corporate insiders.

Institutional Trading of Magnolia Oil & Gas

A number of large investors have recently made changes to their positions in the company. Valued Wealth Advisors LLC acquired a new stake in Magnolia Oil & Gas in the first quarter valued at approximately $29,000. Harbor Investment Advisory LLC purchased a new position in Magnolia Oil & Gas in the second quarter worth approximately $39,000. Ancora Advisors LLC acquired a new position in Magnolia Oil & Gas during the 2nd quarter worth approximately $51,000. Versant Capital Management Inc grew its holdings in Magnolia Oil & Gas by 96.9% during the 2nd quarter. Versant Capital Management Inc now owns 2,257 shares of the company’s stock worth $58,000 after acquiring an additional 1,111 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of Magnolia Oil & Gas in the 2nd quarter valued at approximately $72,000. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

About Magnolia Oil & Gas

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.