Zacks Research Issues Optimistic Forecast for MGY Earnings

Magnolia Oil & Gas Corp (NYSE:MGY) – Research analysts at Zacks Research lifted their Q2 2026 EPS estimates for shares of Magnolia Oil & Gas in a report issued on Wednesday, May 20th. Zacks Research analyst Team now forecasts that the company will earn $0.64 per share for the quarter, up from their prior estimate of $0.33. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Magnolia Oil & Gas’ current full-year earnings is $2.85 per share. Zacks Research also issued estimates for Magnolia Oil & Gas’ Q3 2026 earnings at $0.67 EPS, Q4 2026 earnings at $0.67 EPS, FY2026 earnings at $2.51 EPS, Q3 2027 earnings at $0.64 EPS and FY2027 earnings at $2.46 EPS.

A number of other analysts also recently issued reports on MGY. The Goldman Sachs Group increased their target price on shares of Magnolia Oil & Gas from $23.00 to $26.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 11th. Citigroup dropped their target price on shares of 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. Susquehanna dropped their target price on shares of Magnolia Oil & Gas from $30.00 to $28.00 and set a “positive” rating for the company in a research report on Monday, January 26th. Mizuho set a $30.00 target price on shares of Magnolia Oil & Gas in a research report on Friday, February 6th. Finally, KeyCorp raised their target price on Magnolia Oil & Gas from $30.00 to $38.00 and gave the company an “overweight” rating in a report on Thursday, April 2nd. Seven equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $31.00.

Magnolia Oil & Gas Stock Up 0.2%

MGY opened at $29.28 on Monday. The firm has a 50 day moving average price of $29.79 and a 200 day moving average price of $26.10. The company has a market cap of $5.42 billion, a PE ratio of 17.03 and a beta of 0.75. Magnolia Oil & Gas has a 1 year low of $21.07 and a 1 year high of $32.76. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.10 and a current ratio of 1.10.

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

Magnolia Oil & Gas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 12th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, May 12th. Magnolia Oil & Gas’s dividend payout ratio (DPR) is presently 38.37%.

Insider Buying and Selling at Magnolia Oil & Gas

In related news, CEO Christopher G. Stavros sold 119,954 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $29.29, for a total transaction of $3,513,452.66. Following the sale, the chief executive officer directly owned 883,592 shares in the company, valued at approximately $25,880,409.68. This trade represents a 11.95% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Brian Corales sold 33,000 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $29.12, for a total value of $960,960.00. Following the sale, the chief financial officer owned 184,178 shares in the company, valued at approximately $5,363,263.36. The trade was a 15.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 338,954 shares of company stock worth $9,911,733. Insiders own 0.92% of the company’s stock.

Institutional Investors Weigh In On Magnolia Oil & Gas

A number of hedge funds have recently bought and sold shares of the business. State Street Corp grew its stake in Magnolia Oil & Gas by 1.4% during the 4th quarter. State Street Corp now owns 8,800,807 shares of the company’s stock valued at $192,650,000 after purchasing an additional 125,707 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Magnolia Oil & Gas by 5.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,028,781 shares of the company’s stock valued at $221,910,000 after purchasing an additional 394,419 shares in the last quarter. Janus Henderson Group PLC grew its stake in Magnolia Oil & Gas by 2.8% during the 1st quarter. Janus Henderson Group PLC now owns 6,279,636 shares of the company’s stock valued at $198,248,000 after purchasing an additional 170,174 shares in the last quarter. Arrowstreet Capital Limited Partnership grew 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. Finally, TD Asset Management Inc grew its stake in Magnolia Oil & Gas by 26.6% during the 4th quarter. TD Asset Management Inc now owns 5,671,819 shares of the company’s stock valued at $124,156,000 after purchasing an additional 1,193,458 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

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).