Q2 EPS Forecast for Magnolia Oil & Gas Lowered by Analyst

Magnolia Oil & Gas Corp (NYSE:MGY) – Zacks Research reduced their Q2 2026 earnings estimates for shares of Magnolia Oil & Gas in a research note issued on Tuesday, January 13th. Zacks Research analyst Team now anticipates that the company will earn $0.36 per share for the quarter, down from their prior forecast of $0.37. Zacks Research currently has a “Strong Sell” rating on the stock. The consensus estimate for Magnolia Oil & Gas’ current full-year earnings is $2.10 per share. Zacks Research also issued estimates for Magnolia Oil & Gas’ Q3 2026 earnings at $0.39 EPS, Q4 2026 earnings at $0.45 EPS, FY2026 earnings at $1.60 EPS, Q4 2027 earnings at $0.49 EPS and FY2027 earnings at $1.96 EPS.

MGY has been the subject of a number of other reports. Citigroup upgraded Magnolia Oil & Gas from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $19.00 to $25.00 in a report on Wednesday. Piper Sandler dropped their price target on Magnolia Oil & Gas from $25.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, November 18th. BMO Capital Markets started coverage on Magnolia Oil & Gas in a report on Friday, January 9th. They issued an “outperform” rating and a $27.00 price objective on the stock. UBS Group reaffirmed a “buy” rating and issued a $29.00 price objective on shares of Magnolia Oil & Gas in a research note on Friday, January 9th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Magnolia Oil & Gas in a research report on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $26.42.

Magnolia Oil & Gas Stock Performance

NYSE:MGY opened at $22.45 on Wednesday. The company has a market cap of $4.24 billion, a P/E ratio of 12.54, a P/E/G ratio of 3.48 and a beta of 0.92. The firm’s 50 day moving average is $22.46 and its two-hundred day moving average is $23.20. Magnolia Oil & Gas has a fifty-two week low of $19.09 and a fifty-two week high of $26.84. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.20.

Magnolia Oil & Gas (NYSE:MGY) last released its earnings results on Wednesday, October 29th. The company reported $0.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.41. Magnolia Oil & Gas had a net margin of 25.90% and a return on equity of 18.10%. The firm had revenue of $324.94 million during the quarter, compared to the consensus estimate of $322.52 million. During the same period in the previous year, the firm earned $0.52 earnings per share. Magnolia Oil & Gas’s revenue was down 2.5% compared to the same quarter last year.

Institutional Trading of Magnolia Oil & Gas

Hedge funds have recently made changes to their positions in the company. Campbell & CO Investment Adviser LLC boosted its holdings in shares of Magnolia Oil & Gas by 325.0% during the second quarter. Campbell & CO Investment Adviser LLC now owns 214,211 shares of the company’s stock valued at $4,815,000 after acquiring an additional 163,804 shares during the period. Phocas Financial Corp. lifted its holdings in Magnolia Oil & Gas by 69.0% in the second quarter. Phocas Financial Corp. now owns 189,378 shares of the company’s stock worth $4,257,000 after purchasing an additional 77,327 shares during the period. American Century Companies Inc. increased its stake in Magnolia Oil & Gas by 12.9% during the 2nd quarter. American Century Companies Inc. now owns 11,861,231 shares of the company’s stock valued at $266,641,000 after buying an additional 1,358,878 shares during the period. Nordea Investment Management AB raised its position in shares of Magnolia Oil & Gas by 1.0% during the 2nd quarter. Nordea Investment Management AB now owns 444,636 shares of the company’s stock worth $10,062,000 after buying an additional 4,372 shares in the last quarter. Finally, Exchange Traded Concepts LLC lifted its stake in shares of Magnolia Oil & Gas by 6.1% in the 2nd quarter. Exchange Traded Concepts LLC now owns 47,988 shares of the company’s stock worth $1,079,000 after acquiring an additional 2,758 shares during the period. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Magnolia Oil & Gas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 10th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Monday, November 10th. Magnolia Oil & Gas’s dividend payout ratio is currently 33.52%.

Trending Headlines about Magnolia Oil & Gas

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

• Positive Sentiment: Citigroup upgraded MGY from “Neutral” to “Buy” and raised its price target to $25 (up from $19), signaling confidence after recent operational developments and implying roughly double‑digit upside from the current price. This upgrade is a clear positive catalyst for the stock. Citigroup upgrades Magnolia Oil & Gas (MGY)
• Neutral Sentiment: Market context: MGY shows slightly elevated trading volume vs. its average and sits near its 50‑day moving average, so analyst headlines are likely driving short‑term volatility rather than a clear technical breakout or breakdown. (Background company profile/quotes available.) MGY Profile & Performance
• Negative Sentiment: Zacks Research cut multiple near‑ and medium‑term EPS estimates for MGY (small reductions across Q2–Q4 2026, Q1 2027 and FY2026–FY2027) and moved its rating to “Strong Sell.” The repeated downward tweaks and the negative rating create selling pressure and counterbalance Citi’s upgrade. Zacks Research: estimate cuts and Strong Sell on MGY

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).