Wall Street brokerages expect Magnolia Oil & Gas Corp (NYSE:MGY) to report $0.43 earnings per share for the current quarter, Zacks reports. Three analysts have made estimates for Magnolia Oil & Gas’ earnings, with the highest EPS estimate coming in at $0.63 and the lowest estimate coming in at $0.31. The business is scheduled to issue its next earnings results on Tuesday, November 13th.

On average, analysts expect that Magnolia Oil & Gas will report full year earnings of $1.50 per share for the current year, with EPS estimates ranging from $0.93 to $2.20. For the next financial year, analysts forecast that the business will post earnings of $1.60 per share, with EPS estimates ranging from $1.12 to $2.20. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Magnolia Oil & Gas.

Magnolia Oil & Gas (NYSE:MGY) last announced its earnings results on Tuesday, August 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.88 by ($0.92).

MGY has been the subject of several recent analyst reports. Imperial Capital initiated coverage on shares of Magnolia Oil & Gas in a research report on Wednesday, August 1st. They set a “buy” rating and a $16.00 price objective for the company. SunTrust Banks initiated coverage on shares of Magnolia Oil & Gas in a research report on Thursday, August 2nd. They set a “buy” rating for the company.

MGY opened at $13.93 on Wednesday. Magnolia Oil & Gas has a twelve month low of $9.66 and a twelve month high of $14.09.

About Magnolia Oil & Gas

Magnolia Oil & Gas Corporation engages in the oil and gas exploration and production business. It has oil and gas assets in Eagle Ford Shale and Austin Chalk formations in South Texas. The company is headquartered in Houston, Texas.

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Earnings History and Estimates for Magnolia Oil & Gas (NYSE:MGY)

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