Q3 EPS Forecast for Magnolia Oil & Gas Raised by Analyst

Magnolia Oil & Gas Corp (NYSE:MGY) – Analysts at Zacks Research lifted their Q3 2027 earnings per share estimates for Magnolia Oil & Gas in a report released on Monday, March 30th. Zacks Research analyst Team now anticipates that the company will post earnings per share of $0.45 for the quarter, up from their prior estimate of $0.44. Zacks Research currently has a “Strong-Buy” 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’ FY2027 earnings at $1.79 EPS.

Magnolia Oil & Gas (NYSE:MGY) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.01. Magnolia Oil & Gas had a net margin of 24.79% and a return on equity of 16.67%. The business had revenue of $317.63 million during the quarter, compared to analysts’ expectations of $322.18 million. During the same quarter in the previous year, the company earned $0.44 EPS. The business’s revenue was down 2.8% on a year-over-year basis.

A number of other brokerages also recently issued reports on MGY. The Goldman Sachs Group increased their price target on Magnolia Oil & Gas from $23.00 to $26.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 11th. Mizuho set a $30.00 price objective on Magnolia Oil & Gas in a report on Friday, February 6th. Bank of America upgraded Magnolia Oil & Gas from a “neutral” rating to a “buy” rating and upped their target price for the company from $26.00 to $28.00 in a research report on Friday, January 16th. Siebert Williams Shank lowered Magnolia Oil & Gas from a “buy” rating to a “hold” rating in a report on Friday, March 6th. Finally, KeyCorp raised their price target on Magnolia Oil & Gas from $30.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Magnolia Oil & Gas has a consensus rating of “Moderate Buy” and an average target price of $30.55.

Magnolia Oil & Gas Stock Up 2.8%

Shares of MGY opened at $31.03 on Wednesday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.20. Magnolia Oil & Gas has a 12 month low of $19.09 and a 12 month high of $32.76. The firm’s 50 day moving average is $28.12 and its 200-day moving average is $24.71. The stock has a market capitalization of $5.78 billion, a PE ratio of 18.04, a P/E/G ratio of 2.12 and a beta of 0.83.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Lido Advisors LLC lifted its holdings in shares of Magnolia Oil & Gas by 2.4% in the fourth quarter. Lido Advisors LLC now owns 16,197 shares of the company’s stock worth $382,000 after acquiring an additional 387 shares during the last quarter. Oak Family Advisors LLC grew its holdings in shares of Magnolia Oil & Gas by 0.9% during the 4th quarter. Oak Family Advisors LLC now owns 47,620 shares of the company’s stock valued at $1,042,000 after purchasing an additional 410 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Magnolia Oil & Gas by 10.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,624 shares of the company’s stock valued at $102,000 after purchasing an additional 422 shares during the last quarter. GAMMA Investing LLC increased its position in Magnolia Oil & Gas by 8.0% during the 4th quarter. GAMMA Investing LLC now owns 6,130 shares of the company’s stock worth $134,000 after purchasing an additional 453 shares in the last quarter. Finally, Coldstream Capital Management Inc. increased its position in Magnolia Oil & Gas by 3.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 15,937 shares of the company’s stock worth $380,000 after purchasing an additional 482 shares in the last quarter. Institutional investors own 94.73% of the company’s stock.

Insider Buying and Selling at Magnolia Oil & Gas

In other news, Director Dan F. Smith sold 18,000 shares of Magnolia Oil & Gas stock in a transaction on Monday, March 9th. The stock was sold at an average price of $29.01, for a total value of $522,180.00. Following the transaction, the director owned 119,204 shares in the company, valued at approximately $3,458,108.04. This trade represents a 13.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Edward P. Djerejian sold 18,000 shares of the business’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $28.98, for a total value of $521,640.00. Following the transaction, the director directly owned 110,425 shares of the company’s stock, valued at $3,200,116.50. This trade represents a 14.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 338,954 shares of company stock valued at $9,911,733. 1.20% of the stock is currently owned by insiders.

Magnolia Oil & Gas Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 10th were given a dividend of $0.165 per share. This is an increase from Magnolia Oil & Gas’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a yield of 2.1%. The ex-dividend date was Tuesday, February 10th. Magnolia Oil & Gas’s dividend payout ratio (DPR) is presently 38.37%.

Trending Headlines about Magnolia Oil & Gas

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

• Positive Sentiment: KeyCorp raised its price target on MGY to $38 and moved to an “overweight” rating, implying material upside from current levels. Article Title
• Positive Sentiment: Zacks Research has repeatedly increased short‑term and full‑year EPS estimates for Magnolia (including Q1 and Q3/ FY lifts) and carries a “Strong‑Buy” view — an analyst-driven earnings upside that supports the rally. MarketBeat Zacks Coverage
• Positive Sentiment: Citigroup published a bullish forecast calling for strong price appreciation for MGY, adding institutional-level support for the stock’s move higher. Citigroup Forecast
• Positive Sentiment: Industry pieces (Zacks commentary and a March recap of oil’s rally) list Magnolia among a handful of E&P names to buy as oil prices strengthened, which can attract momentum and ETF/peer flows into MGY. Oil’s Record March Rally Zacks E&P Buy List
• Neutral Sentiment: Magnolia has scheduled a conference call for first‑quarter 2026 results; the event will provide fresh operational and guidance detail that could either reinforce the bullish analyst views or introduce short‑term volatility depending on results. Conference Call Notice

Magnolia Oil & Gas Company Profile

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).