Wall Street brokerages expect Magnolia Oil & Gas Corp (NYSE:MGY) to post $0.43 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Magnolia Oil & Gas’ earnings, with the lowest EPS estimate coming in at $0.29 and the highest estimate coming in at $0.67. The firm is expected to issue its next quarterly earnings report before the market opens on Tuesday, November 13th.

According to Zacks, analysts expect that Magnolia Oil & Gas will report full-year earnings of $1.35 per share for the current year, with EPS estimates ranging from $1.27 to $1.40. For the next year, analysts expect that the firm will post earnings of $1.52 per share, with EPS estimates ranging from $1.36 to $1.77. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Magnolia Oil & Gas.

A number of research analysts have issued reports on the stock. Zacks Investment Research cut shares of Magnolia Oil & Gas from a “buy” rating to a “hold” rating in a report on Friday, November 23rd. Imperial Capital reissued an “outperform” rating and set a $18.00 price objective (up from $16.00) on shares of Magnolia Oil & Gas in a research note on Wednesday, August 15th. Mitsubishi UFJ Financial Group reissued an “overweight” rating on shares of Magnolia Oil & Gas in a research note on Thursday, October 25th. Finally, Citigroup started coverage on shares of Magnolia Oil & Gas in a research note on Friday, November 30th. They set a “neutral” rating and a $13.00 price objective for the company. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $15.00.

In other Magnolia Oil & Gas news, Chairman Stephen I. Chazen acquired 10,000 shares of the company’s stock in a transaction dated Thursday, September 13th. The stock was acquired at an average cost of $13.94 per share, with a total value of $139,400.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director John B. Walker acquired 160,000 shares of the company’s stock in a transaction dated Wednesday, September 12th. The shares were acquired at an average cost of $13.76 per share, with a total value of $2,201,600.00. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 232,883 shares of company stock valued at $2,477,429.

Several institutional investors and hedge funds have recently modified their holdings of the company. Credit Suisse AG purchased a new position in shares of Magnolia Oil & Gas during the 3rd quarter worth approximately $156,000. Fox Run Management L.L.C. purchased a new position in shares of Magnolia Oil & Gas during the 3rd quarter worth approximately $164,000. Emerald Advisers Inc. PA purchased a new position in shares of Magnolia Oil & Gas during the 3rd quarter worth approximately $232,000. Acadian Asset Management LLC acquired a new stake in Magnolia Oil & Gas during the third quarter worth approximately $310,000. Finally, Key Group Holdings Cayman LTD. acquired a new stake in Magnolia Oil & Gas during the third quarter worth approximately $450,000. 47.21% of the stock is owned by institutional investors and hedge funds.

Magnolia Oil & Gas stock traded down $0.39 during mid-day trading on Wednesday, reaching $12.20. The company had a trading volume of 1,204,393 shares, compared to its average volume of 1,151,998. Magnolia Oil & Gas has a 1 year low of $9.67 and a 1 year high of $15.23. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.15.

Magnolia Oil & Gas Company Profile

Magnolia Oil & Gas Corporation operates as an oil and gas exploration and production company. It has operations in South Texas in the core of the Eagle Ford. 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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