Zacks Research Analysts Decrease Earnings Estimates for MGY

Magnolia Oil & Gas Corp (NYSE:MGY) – Research analysts at Zacks Research cut their Q3 2026 earnings per share estimates for Magnolia Oil & Gas in a research note issued on Thursday, August 20th. Zacks Research analyst Team now anticipates that the company will earn $0.40 per share for the quarter, down from their prior estimate of $0.57. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Magnolia Oil & Gas’ current full-year earnings is $2.87 per share. Zacks Research also issued estimates for Magnolia Oil & Gas’ Q4 2026 earnings at $0.78 EPS, FY2026 earnings at $2.71 EPS, Q1 2027 earnings at $0.72 EPS, Q2 2027 earnings at $0.68 EPS, Q3 2027 earnings at $0.68 EPS, Q4 2027 earnings at $0.74 EPS, FY2027 earnings at $2.82 EPS, Q1 2028 earnings at $0.72 EPS, Q2 2028 earnings at $0.81 EPS and FY2028 earnings at $3.19 EPS.

Several other research firms have also recently issued reports on MGY. Wells Fargo & Company upped their price objective on Magnolia Oil & Gas from $31.00 to $36.00 and gave the company an “equal weight” rating in a research report on Thursday, August 13th. Weiss Ratings raised Magnolia Oil & Gas from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Mizuho upgraded Magnolia Oil & Gas to a “strong-buy” rating in a research note on Friday, July 31st. Roth Capital lowered their price target on Magnolia Oil & Gas from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Finally, Johnson Rice raised Magnolia Oil & Gas from a “hold” rating to an “accumulate” rating and lowered their price target for the company from $33.00 to $32.00 in a report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Magnolia Oil & Gas currently has an average rating of “Moderate Buy” and a consensus price target of $31.62.

Magnolia Oil & Gas Trading Down 2.7%

Shares of NYSE MGY opened at $26.48 on Monday. The firm’s 50 day moving average price is $25.99 and its 200-day moving average price is $27.81. Magnolia Oil & Gas has a 52-week low of $21.07 and a 52-week high of $32.76. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.58 and a current ratio of 1.58. The company has a market cap of $6.27 billion, a PE ratio of 11.61 and a beta of 0.72.

Magnolia Oil & Gas (NYSE:MGY) last announced 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 analysts’ expectations of $458.10 million. Magnolia Oil & Gas had a net margin of 28.77% and a return on equity of 21.04%. Magnolia Oil & Gas’s revenue was up 50.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.41 EPS.

Institutional Trading of Magnolia Oil & Gas

A number of hedge funds have recently bought and sold shares of the company. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Magnolia Oil & Gas in the second quarter worth about $299,000. California State Teachers Retirement System increased its position in shares of Magnolia Oil & Gas by 2,478.7% during the 2nd quarter. California State Teachers Retirement System now owns 5,453,144 shares of the company’s stock valued at $139,491,000 after purchasing an additional 5,241,676 shares during the last quarter. AXQ Capital LP purchased a new stake in shares of Magnolia Oil & Gas during the 2nd quarter valued at about $584,000. iSAM Funds UK Ltd bought a new position in shares of Magnolia Oil & Gas in the 2nd quarter worth approximately $238,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Magnolia Oil & Gas in the 2nd quarter worth approximately $3,077,000. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Insiders Place Their Bets

In other news, Director David M. Khani purchased 8,000 shares of the stock in a transaction dated Friday, August 7th. The shares were purchased at an average cost of $25.00 per share, with a total value of $200,000.00. Following the acquisition, the director directly owned 30,622 shares of the company’s stock, valued at $765,550. This represents a 35.36% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.92% of the company’s stock.

Magnolia Oil & Gas Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 10th will be given a $0.18 dividend. This is a boost from Magnolia Oil & Gas’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.72 dividend on an annualized basis and a yield of 2.7%. Magnolia Oil & Gas’s payout ratio is presently 31.58%.

About Magnolia Oil & Gas

Magnolia Oil & Gas Corp (NYSE: MGY) is an independent exploration and production company focused on the acquisition, development and optimization of onshore oil and gas assets in South Texas. Headquartered in Houston, the company concentrates its efforts on the Eagle Ford Shale, where it holds significant working interests in key producing counties.

The company’s core operations center on horizontal drilling and multi-stage completions designed to extract light crude oil, natural gas and natural gas liquids (NGLs).