Magnolia Oil & Gas Corp (MGY) Expected to Announce Earnings of $0.43 Per Share
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 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.
Recommended Story: Book Value Per Share in Stock Trading
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Magnolia Oil & Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Magnolia Oil & Gas and related companies with MarketBeat.com's FREE daily email newsletter.