Magnolia Oil & Gas (NYSE:MGY – Get Free Report) is projected to issue its Q3 2026 results after the market closes on Wednesday, November 4th. Analysts expect the company to post earnings of $0.58 per share and revenue of $474.39 million for the quarter. Individuals may review the information on the company’s upcoming Q3 2026 earnings overview page for the latest details on the call scheduled for Thursday, November 5, 2026 at 11:00 AM ET.
Magnolia Oil & Gas (NYSE:MGY – Get Free Report) last posted its 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 analyst estimates of $458.10 million. During the same quarter in the prior year, the business posted $0.41 EPS. The business’s quarterly revenue was up 50.1% compared to the same quarter last year. On average, analysts expect Magnolia Oil & Gas to post $2.83 EPS for the current fiscal year and $2.82 EPS for the next fiscal year.
Magnolia Oil & Gas Stock Performance
Shares of NYSE:MGY opened at $26.38 on Wednesday. The business has a 50 day moving average of $25.79 and a 200-day moving average of $26.94. Magnolia Oil & Gas has a 12-month low of $21.07 and a 12-month high of $32.76.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the stock. Mizuho raised shares of Magnolia Oil & Gas to a “strong-buy” rating in a research report on Friday, July 31st. Scotiabank initiated coverage on shares of Magnolia Oil & Gas in a research report on Wednesday, October 14th. They set a “sector outperform” rating and a $31.00 price objective for the company. Williams Trading set a $32.00 price target on Magnolia Oil & Gas in a report on Wednesday, September 23rd. KeyCorp reaffirmed an “overweight” rating and issued a $38.00 price objective on shares of Magnolia Oil & Gas in a research note on Wednesday, August 12th. Finally, Weiss Ratings upgraded shares of Magnolia Oil & Gas from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $31.53.
Read Our Latest Stock Analysis on MGY
Insider Activity
In related news, Director David Khani bought 8,000 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were acquired at an average cost of $25.00 per share, with a total value of $200,000.00. Following the completion of the purchase, the director directly owned 30,622 shares in the company, valued at $765,550. The trade was a 35.36% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.92% of the stock is owned by insiders.
Magnolia Oil & Gas Company Profile
Magnolia Oil & Gas Corporation (NYSE: MGY) is an independent oil and natural gas exploration and production company focused on developing assets in South Texas. Its operations are concentrated in the Eagle Ford Shale and Austin Chalk formations, where it owns and operates a substantial acreage position.
The company produces crude oil, condensate, natural gas liquids and natural gas. Magnolia uses horizontal drilling and hydraulic fracturing technologies to develop unconventional reserves, with activity primarily centered in the Karnes and Giddings areas of South Texas.
Magnolia Oil & Gas was formed in 2017 through a business combination involving Silver Run Acquisition Corporation II and certain oil and gas assets previously associated with TGP Investments.
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