Zacks Research Analysts Reduce Earnings Estimates for MGY

Magnolia Oil & Gas Corp (NYSE:MGY) – Equities researchers at Zacks Research lowered their Q3 2026 earnings estimates for shares of Magnolia Oil & Gas in a report issued on Wednesday, July 29th. Zacks Research analyst Team now forecasts that the company will post earnings per share of $0.57 for the quarter, down from their previous forecast of $0.70. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Magnolia Oil & Gas’ current full-year earnings is $2.70 per share. Zacks Research also issued estimates for Magnolia Oil & Gas’ Q4 2026 earnings at $0.67 EPS, FY2026 earnings at $2.44 EPS, Q1 2027 earnings at $0.59 EPS, Q2 2027 earnings at $0.54 EPS, Q4 2027 earnings at $0.58 EPS, FY2027 earnings at $2.30 EPS, Q1 2028 earnings at $0.56 EPS and FY2028 earnings at $2.23 EPS.

A number of other brokerages have also issued reports on MGY. Susquehanna increased their price objective on Magnolia Oil & Gas from $35.00 to $36.00 and gave the stock a “positive” rating in a report on Tuesday, July 21st. Weiss Ratings downgraded Magnolia Oil & Gas from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Citigroup reduced their price target on Magnolia Oil & Gas from $35.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, April 13th. KeyCorp reissued an “overweight” rating on shares of Magnolia Oil & Gas in a research note on Monday, June 29th. Finally, UBS Group lowered their price target on Magnolia Oil & Gas from $38.00 to $34.00 and set a “buy” rating on the stock in a report on Friday, July 10th. Nine investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $31.50.

Magnolia Oil & Gas Stock Performance

MGY opened at $25.04 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.19. The business’s 50 day moving average is $26.60 and its 200-day moving average is $27.53. The stock has a market cap of $4.63 billion, a PE ratio of 14.56 and a beta of 0.70. Magnolia Oil & Gas has a twelve month low of $21.07 and a twelve month high of $32.76.

Magnolia Oil & Gas (NYSE:MGY) last posted its earnings results on Wednesday, May 6th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.51 by $0.03. Magnolia Oil & Gas had a net margin of 24.40% and a return on equity of 16.28%. The firm had revenue of $358.51 million during the quarter, compared to analysts’ expectations of $349.89 million. During the same quarter in the prior year, the firm earned $0.54 EPS. Magnolia Oil & Gas’s quarterly revenue was up 2.3% on a year-over-year basis.

Magnolia Oil & Gas Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 10th will be paid a dividend of $0.18 per share. This is a boost from Magnolia Oil & Gas’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Monday, August 10th. Magnolia Oil & Gas’s dividend payout ratio (DPR) is 38.37%.

Institutional Investors Weigh In On Magnolia Oil & Gas

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MGY. Arrowstreet Capital Limited Partnership boosted its stake in Magnolia Oil & Gas by 790.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 6,263,808 shares of the company’s stock valued at $197,748,000 after purchasing an additional 5,560,619 shares in the last quarter. Epoch Investment Partners Inc. raised its stake in shares of Magnolia Oil & Gas by 58.7% in the 3rd quarter. Epoch Investment Partners Inc. now owns 4,138,626 shares of the company’s stock worth $98,789,000 after buying an additional 1,531,061 shares in the last quarter. HITE Hedge Asset Management LLC raised its stake in shares of Magnolia Oil & Gas by 661.5% in the 4th quarter. HITE Hedge Asset Management LLC now owns 1,454,388 shares of the company’s stock worth $31,837,000 after buying an additional 1,263,407 shares in the last quarter. TD Asset Management Inc lifted its holdings in shares of Magnolia Oil & Gas by 26.6% in the fourth quarter. TD Asset Management Inc now owns 5,671,819 shares of the company’s stock valued at $124,156,000 after buying an additional 1,193,458 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of Magnolia Oil & Gas by 20.5% in the first quarter. Bank of America Corp DE now owns 3,877,361 shares of the company’s stock valued at $122,408,000 after buying an additional 659,012 shares during the period. Institutional investors own 94.73% of the company’s stock.

Magnolia Oil & Gas News Roundup

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

• Positive Sentiment: The board declared a quarterly dividend of $0.18 per share, payable September 1 to shareholders of record August 10. The payout is approximately 9.1% higher than the previous $0.17 dividend and implies an annualized dividend of $0.72, or roughly a 2.9% yield. Magnolia Oil & Gas Board Declares Previously Announced 9 Percent Dividend Increase
• Positive Sentiment: Truist upgraded MGY to “Buy,” citing an upbeat view of the company’s WildFire acquisition. The endorsement suggests the deal could strengthen Magnolia’s operating outlook and shareholder value. Magnolia Oil & Gas raised to Buy at Truist on upbeat view of WildFire acquisition
• Positive Sentiment: Zacks Research raised its Q2 2026 EPS forecast to $0.66 from $0.65, while a separate earnings preview highlighted expectations for earnings growth and the potential for a quarterly earnings beat. Magnolia Oil & Gas Earnings Expected to Grow
• Neutral Sentiment: A comparison with Topaz Resources reviews valuation, profitability, dividends, institutional ownership, risk and analyst recommendations. The analysis provides context for investors but does not introduce a specific new catalyst for Magnolia. Magnolia Oil & Gas and Topaz Resources Head-To-Head Analysis
• Negative Sentiment: Zacks cut its Q3 2027 EPS estimate to $0.58 from $0.64 and its Q2 2028 forecast to $0.55 from $0.56. The reductions could weigh on sentiment about Magnolia’s longer-term earnings trajectory, although Zacks maintains a “Hold” rating.

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).