FY2026 EPS Estimate for Magnolia Oil & Gas Lifted by Analyst

Magnolia Oil & Gas Co. (NYSE:MGY) – Capital One Financial lifted their FY2026 earnings per share estimates for shares of Magnolia Oil & Gas in a report issued on Thursday, March 20th. Capital One Financial analyst P. Johnston now anticipates that the company will post earnings per share of $2.51 for the year, up from their previous forecast of $2.45. The consensus estimate for Magnolia Oil & Gas’ current full-year earnings is $2.10 per share.

Several other research analysts have also issued reports on the company. Piper Sandler upped their target price on Magnolia Oil & Gas from $24.00 to $26.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Williams Trading set a $29.00 price target on shares of Magnolia Oil & Gas in a report on Wednesday, March 5th. Truist Financial raised their price target on shares of Magnolia Oil & Gas from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Monday, January 13th. The Goldman Sachs Group downgraded Magnolia Oil & Gas from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $27.00 to $26.00 in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. decreased their price objective on Magnolia Oil & Gas from $28.00 to $24.00 and set a “neutral” rating on the stock in a report on Thursday, March 13th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Magnolia Oil & Gas presently has a consensus rating of “Hold” and a consensus price target of $27.77.

Magnolia Oil & Gas Stock Performance

MGY stock opened at $25.38 on Monday. The firm has a market cap of $4.93 billion, a price-to-earnings ratio of 13.15, a PEG ratio of 3.01 and a beta of 1.90. Magnolia Oil & Gas has a one year low of $21.63 and a one year high of $29.02. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.47 and a current ratio of 1.42. The firm has a 50-day simple moving average of $24.14 and a two-hundred day simple moving average of $25.05.

Magnolia Oil & Gas (NYSE:MGY) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.03. The company had revenue of $326.61 million for the quarter, compared to analyst estimates of $327.40 million. Magnolia Oil & Gas had a net margin of 27.82% and a return on equity of 20.74%.

Magnolia Oil & Gas Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.60 dividend on an annualized basis and a yield of 2.36%. This is a boost from Magnolia Oil & Gas’s previous quarterly dividend of $0.13. Magnolia Oil & Gas’s dividend payout ratio is presently 31.09%.

Insider Buying and Selling

In other Magnolia Oil & Gas news, CEO Christopher G. Stavros acquired 2,500 shares of the stock in a transaction dated Monday, March 3rd. The stock was acquired at an average price of $22.05 per share, with a total value of $55,125.00. Following the completion of the purchase, the chief executive officer now owns 892,372 shares in the company, valued at $19,676,802.60. This trade represents a 0.28 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Magnolia Oil & Gas

Several hedge funds have recently modified their holdings of MGY. Natixis Advisors LLC grew its stake in shares of Magnolia Oil & Gas by 3.5% during the third quarter. Natixis Advisors LLC now owns 96,936 shares of the company’s stock worth $2,367,000 after purchasing an additional 3,238 shares in the last quarter. Pathstone Holdings LLC increased its position in Magnolia Oil & Gas by 17.0% in the 3rd quarter. Pathstone Holdings LLC now owns 197,289 shares of the company’s stock valued at $4,818,000 after acquiring an additional 28,677 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Magnolia Oil & Gas by 1.0% during the third quarter. PNC Financial Services Group Inc. now owns 52,834 shares of the company’s stock worth $1,290,000 after purchasing an additional 548 shares during the last quarter. Jennison Associates LLC raised its position in Magnolia Oil & Gas by 2.2% during the 3rd quarter. Jennison Associates LLC now owns 23,836 shares of the company’s stock worth $582,000 after buying an additional 506 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its position in Magnolia Oil & Gas by 196.6% in the third quarter. Advisors Asset Management Inc. now owns 6,096 shares of the company’s stock valued at $149,000 after purchasing an additional 4,041 shares during the period. 94.73% of the stock is currently owned by institutional investors and hedge funds.

About Magnolia Oil & Gas

Magnolia Oil & Gas Corp. engages in the acquisition, development, exploration, and production of oil and natural gas properties. It operates assets located in the Eagle Ford Shale and Austin Chalk formations in South Texas. The company was founded on February 14, 2017 and is headquartered in Houston, TX.