What is Zacks Research’s Forecast for MGY Q4 Earnings?

Magnolia Oil & Gas Co. (NYSE:MGY) – Equities researchers at Zacks Research lowered their Q4 2024 earnings estimates for shares of Magnolia Oil & Gas in a report issued on Monday, February 17th. Zacks Research analyst N. Choudhury now anticipates that the company will post earnings of $0.41 per share for the quarter, down from their previous forecast of $0.42. The consensus estimate for Magnolia Oil & Gas’ current full-year earnings is $2.08 per share. Zacks Research also issued estimates for Magnolia Oil & Gas’ Q4 2025 earnings at $0.51 EPS, FY2025 earnings at $1.89 EPS, Q1 2026 earnings at $0.47 EPS, Q2 2026 earnings at $0.50 EPS, Q3 2026 earnings at $0.58 EPS, Q4 2026 earnings at $0.62 EPS and FY2026 earnings at $2.16 EPS.

Magnolia Oil & Gas (NYSE:MGY) last issued its earnings results on Tuesday, February 18th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.03. Magnolia Oil & Gas had a return on equity of 20.85% and a net margin of 27.82%. The firm had revenue of $326.61 million for the quarter, compared to analysts’ expectations of $327.40 million.

Several other brokerages have also recently weighed in on MGY. Johnson Rice cut shares of Magnolia Oil & Gas from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Truist Financial boosted their target price on shares of Magnolia Oil & Gas from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, January 13th. The Goldman Sachs Group downgraded shares of Magnolia Oil & Gas from a “buy” rating to a “neutral” rating and lowered their price target for the company from $27.00 to $26.00 in a report on Friday, January 31st. Piper Sandler boosted their price objective on Magnolia Oil & Gas from $24.00 to $26.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Finally, Bank of America reiterated a “neutral” rating and issued a $28.00 target price (down previously from $29.00) on shares of Magnolia Oil & Gas in a report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $27.58.

Magnolia Oil & Gas Stock Performance

NYSE:MGY opened at $24.27 on Thursday. The company has a market cap of $4.77 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 2.96 and a beta of 1.98. Magnolia Oil & Gas has a 1 year low of $21.07 and a 1 year high of $29.02. The stock’s 50 day simple moving average is $24.26 and its two-hundred day simple moving average is $25.22. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.47 and a quick ratio of 1.47.

Hedge Funds Weigh In On Magnolia Oil & Gas

A number of hedge funds have recently added to or reduced their stakes in the stock. First Trust Advisors LP grew its stake in Magnolia Oil & Gas by 24.6% in the fourth quarter. First Trust Advisors LP now owns 15,410,496 shares of the company’s stock worth $360,297,000 after purchasing an additional 3,038,709 shares in the last quarter. Soros Fund Management LLC purchased a new stake in shares of Magnolia Oil & Gas in the 3rd quarter worth $18,120,000. Janus Henderson Group PLC grew its position in shares of Magnolia Oil & Gas by 11.7% during the 4th quarter. Janus Henderson Group PLC now owns 6,396,875 shares of the company’s stock worth $149,559,000 after buying an additional 667,973 shares in the last quarter. Barclays PLC increased its stake in shares of Magnolia Oil & Gas by 62.5% during the third quarter. Barclays PLC now owns 1,653,736 shares of the company’s stock valued at $40,383,000 after buying an additional 636,049 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Magnolia Oil & Gas in the fourth quarter valued at about $13,634,000. 94.73% of the stock is currently owned by institutional investors.

Magnolia Oil & Gas Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.47%. This is a boost from Magnolia Oil & Gas’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, February 14th. Magnolia Oil & Gas’s payout ratio is 31.09%.

About Magnolia Oil & Gas

Magnolia Oil & Gas Corp. engages in the acquisition, development, exploration, and production of oil and natural gas properties. It operates assets located in the Eagle Ford Shale and Austin Chalk formations in South Texas. The company was founded on February 14, 2017 and is headquartered in Houston, TX.