Magnolia Oil & Gas Corp (NYSE:MGY – Free Report) – Research analysts at Zacks Research reduced their FY2026 EPS estimates for Magnolia Oil & Gas in a research note issued to investors on Wednesday, October 14th. Zacks Research analyst Team now expects that the company will post earnings of $2.48 per share for the year, down from their prior estimate of $2.71. Zacks Research currently 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.
Magnolia Oil & Gas (NYSE:MGY – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.99 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $458.10 million. During the same period in the prior year, the firm earned $0.41 EPS. Magnolia Oil & Gas’s quarterly revenue was up 50.1% compared to the same quarter last year.
A number of other research firms have also weighed in on MGY. Seaport Research Partners started coverage on shares of Magnolia Oil & Gas in a research report on Thursday, September 3rd. They set a “neutral” rating for the company. Roth Capital decreased their price target on shares of Magnolia Oil & Gas from $30.00 to $29.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. UBS Group set a $35.00 price target on Magnolia Oil & Gas in a research report on Thursday. Truist Financial lifted their price objective on Magnolia Oil & Gas from $34.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, October 2nd. Finally, Williams Trading set a $32.00 price objective on Magnolia Oil & Gas in a research note on Wednesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Magnolia Oil & Gas has an average rating of “Moderate Buy” and an average price target of $31.53.
Get Our Latest Analysis on MGY
Magnolia Oil & Gas Stock Performance
NYSE:MGY opened at $24.53 on Friday. The firm has a market capitalization of $5.81 billion, a PE ratio of 10.75 and a beta of 0.80. Magnolia Oil & Gas has a 1 year low of $21.07 and a 1 year high of $32.76. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.18. The firm’s fifty day simple moving average is $25.86 and its 200 day simple moving average is $27.04.
Hedge Funds Weigh In On Magnolia Oil & Gas
A number of hedge funds have recently made changes to their positions in the business. Fort Washington Investment Advisors Inc. OH increased its stake in Magnolia Oil & Gas by 96.5% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 1,711,173 shares of the company’s stock valued at $40,195,000 after acquiring an additional 840,275 shares during the period. Central Pacific Bank Trust Division lifted its stake in Magnolia Oil & Gas by 96.4% during the third quarter. Central Pacific Bank Trust Division now owns 11,430 shares of the company’s stock worth $268,000 after purchasing an additional 5,610 shares during the period. Tidal Investments LLC lifted its stake in Magnolia Oil & Gas by 34.3% during the second quarter. Tidal Investments LLC now owns 93,383 shares of the company’s stock worth $2,389,000 after purchasing an additional 23,833 shares during the period. Integrated Wealth Concepts LLC bought a new position in Magnolia Oil & Gas during the second quarter worth about $72,000. Finally, IFP Advisors Inc lifted its stake in Magnolia Oil & Gas by 12.2% during the second quarter. IFP Advisors Inc now owns 9,180 shares of the company’s stock worth $235,000 after purchasing an additional 999 shares during the period. Institutional investors and hedge funds own 94.73% of the company’s stock.
Insider Buying and Selling
In other Magnolia Oil & Gas news, Director David Khani purchased 8,000 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were purchased at an average price of $25.00 per share, for a total transaction of $200,000.00. Following the completion of the purchase, the director directly owned 30,622 shares of the company’s stock, valued at approximately $765,550. This represents a 35.36% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.92% of the stock is currently owned by company insiders.
Magnolia Oil & Gas Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 10th were issued a $0.18 dividend. This is a positive change from Magnolia Oil & Gas’s previous quarterly dividend of $0.1650. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.72 annualized dividend and a yield of 2.9%. Magnolia Oil & Gas’s payout ratio is currently 31.58%.
Trending Headlines about Magnolia Oil & Gas
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.
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