Research Analysts Set Expectations for MGY FY2026 Earnings

Magnolia Oil & Gas Corp (NYSE:MGY) – Investment analysts at Zacks Research dropped their FY2026 earnings estimates for shares of Magnolia Oil & Gas in a report released on Wednesday, October 14th. Zacks Research analyst Team now expects that the company will earn $2.48 per share for the year, down from their prior forecast of $2.71. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Magnolia Oil & Gas’ current full-year earnings is $2.75 per share. Zacks Research also issued estimates for Magnolia Oil & Gas’ Q4 2026 earnings at $0.58 EPS, Q1 2027 earnings at $0.60 EPS, Q2 2027 earnings at $0.54 EPS, Q3 2027 earnings at $0.51 EPS, Q4 2027 earnings at $0.58 EPS, FY2027 earnings at $2.23 EPS, Q1 2028 earnings at $0.63 EPS, Q2 2028 earnings at $0.71 EPS, Q3 2028 earnings at $0.73 EPS and FY2028 earnings at $2.80 EPS.

A number of other analysts have also recently issued reports on the company. Susquehanna lifted their price objective on Magnolia Oil & Gas from $36.00 to $37.00 and gave the company a “positive” rating in a research report on Tuesday, August 11th. Citigroup dropped their target price on Magnolia Oil & Gas from $29.00 to $27.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 11th. Weiss Ratings raised Magnolia Oil & Gas from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Roth Capital cut their price target on Magnolia Oil & Gas from $30.00 to $29.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. Finally, JPMorgan Chase & Co. raised Magnolia Oil & Gas from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $32.00 to $33.00 in a research note on Tuesday, September 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.53.

Magnolia Oil & Gas Price Performance

Shares of NYSE:MGY opened at $24.53 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.18. Magnolia Oil & Gas has a 1 year low of $21.07 and a 1 year high of $32.76. The business has a fifty day simple moving average of $25.86 and a 200 day simple moving average of $27.04. The firm has a market cap of $5.81 billion, a price-to-earnings ratio of 10.75 and a beta of 0.80.

Magnolia Oil & Gas (NYSE:MGY) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.93 by $0.06. Magnolia Oil & Gas had a net margin of 28.77% and a return on equity of 21.04%. The business had revenue of $478.81 million for the quarter, compared to analysts’ expectations of $458.10 million. During the same period in the previous year, the company posted $0.41 EPS. Magnolia Oil & Gas’s revenue was up 50.1% on a year-over-year basis.

Institutional Investors Weigh In On Magnolia Oil & Gas

Several institutional investors and hedge funds have recently modified their holdings of the business. Allworth Financial LP boosted its holdings in Magnolia Oil & Gas by 11.0% in the second quarter. Allworth Financial LP now owns 5,760 shares of the company’s stock worth $147,000 after purchasing an additional 571 shares in the last quarter. GAMMA Investing LLC raised its holdings in Magnolia Oil & Gas by 10.1% during the second quarter. GAMMA Investing LLC now owns 7,572 shares of the company’s stock valued at $194,000 after buying an additional 697 shares in the last quarter. Parallel Advisors LLC raised its holdings in Magnolia Oil & Gas by 45.4% during the first quarter. Parallel Advisors LLC now owns 2,572 shares of the company’s stock valued at $81,000 after buying an additional 803 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Magnolia Oil & Gas by 5.2% in the first quarter. Cetera Investment Advisers now owns 17,549 shares of the company’s stock worth $554,000 after buying an additional 867 shares during the last quarter. Finally, Sanctuary Advisors LLC lifted its position in shares of Magnolia Oil & Gas by 7.3% in the first quarter. Sanctuary Advisors LLC now owns 12,744 shares of the company’s stock worth $402,000 after buying an additional 868 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

Insider Activity at Magnolia Oil & Gas

In other Magnolia Oil & Gas news, Director David Khani purchased 8,000 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were acquired at an average price of $25.00 per share, for a total transaction of $200,000.00. Following the acquisition, the director owned 30,622 shares of the company’s stock, valued at $765,550. This trade represents a 35.36% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.92% of the stock is currently owned by company insiders.

Magnolia Oil & Gas Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 10th were paid a dividend of $0.18 per share. This is a positive change from Magnolia Oil & Gas’s previous quarterly dividend of $0.1650. The ex-dividend date was Monday, August 10th. This represents a $0.72 annualized dividend and a dividend yield of 2.9%. Magnolia Oil & Gas’s dividend payout ratio (DPR) is currently 31.58%.

Magnolia Oil & Gas News Roundup

Here are the key news stories impacting Magnolia Oil & Gas this week:

• Neutral Sentiment: Wells Fargo lowered its price target to $30 from $36 while maintaining an Equal Weight rating. Although the revised target still implies potential upside from the referenced share price, the cut signals more cautious expectations. Magnolia Oil & Gas Stock Price Target Cut by Wells Fargo & Company
• Neutral Sentiment: Scotiabank initiated coverage with a Sector Perform rating, suggesting it expects MGY to perform broadly in line with the energy sector rather than materially outperform. Scotiabank Initiates Coverage on Magnolia Oil & Gas With Sector Perform Rating
• Negative Sentiment: Zacks Research downgraded Magnolia Oil & Gas from Strong Buy to Hold, adding to the pressure on investor sentiment. Magnolia Oil & Gas downgraded by Zacks Research
• Negative Sentiment: Zacks reduced its Q3 2026 EPS estimate to $0.38 from $0.40 and cut estimates across nearly every reported period. FY2026 EPS was lowered to $2.48 from $2.71, FY2027 to $2.23 from $2.82, and FY2028 to $2.80 from $3.19. Quarterly cuts included Q4 2026, Q1-Q4 2027, and Q1-Q3 2028.
• Negative Sentiment: The repeated estimate reductions imply analysts see weaker near- to medium-term earnings potential, possibly reflecting softer commodity prices, production expectations, or operating assumptions. This is the main reason the recent news flow is weighing on MGY shares, despite the company’s prior quarterly earnings beat.

Magnolia Oil & Gas Company Profile

Magnolia Oil & Gas Corporation is an independent oil and natural gas exploration and production company. The company focuses on the acquisition, development, exploration and production of crude oil, natural gas and natural gas liquids.

Magnolia’s operations are concentrated in the Eagle Ford Shale and Austin Chalk formations in South Texas, including its Karnes and Giddings areas. Its production activities are supported by established infrastructure and involve the development of unconventional oil and gas resources.

The company was formed in 2017 through a business combination involving TPG Pace Energy Holdings Corp.