Magnolia Oil & Gas Co. (NYSE:MGY) to Post Q4 2024 Earnings of $0.54 Per Share, Roth Capital Forecasts

Magnolia Oil & Gas Co. (NYSE:MGY) – Roth Capital dropped their Q4 2024 earnings per share (EPS) estimates for Magnolia Oil & Gas in a note issued to investors on Tuesday, May 7th. Roth Capital analyst L. Mariani now forecasts that the company will post earnings of $0.54 per share for the quarter, down from their prior forecast of $0.57. The consensus estimate for Magnolia Oil & Gas’ current full-year earnings is $2.11 per share. Roth Capital also issued estimates for Magnolia Oil & Gas’ Q1 2025 earnings at $0.52 EPS, Q2 2025 earnings at $0.49 EPS, Q3 2025 earnings at $0.54 EPS, Q4 2025 earnings at $0.64 EPS and FY2025 earnings at $2.19 EPS.

A number of other equities research analysts also recently weighed in on the company. Susquehanna lifted their target price on Magnolia Oil & Gas from $28.00 to $31.00 and gave the stock a “positive” rating in a report on Monday, April 22nd. Piper Sandler reaffirmed a “neutral” rating and issued a $29.00 price target on shares of Magnolia Oil & Gas in a research note on Friday, April 19th. Mizuho raised their target price on Magnolia Oil & Gas from $24.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday, March 14th. Wells Fargo & Company upped their price target on Magnolia Oil & Gas from $23.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 18th. Finally, Truist Financial raised their price objective on Magnolia Oil & Gas from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, February 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Magnolia Oil & Gas presently has an average rating of “Hold” and a consensus target price of $27.63.

Magnolia Oil & Gas Stock Performance

Shares of Magnolia Oil & Gas stock opened at $25.87 on Thursday. The company has a market cap of $5.28 billion, a P/E ratio of 12.62, a PEG ratio of 1.52 and a beta of 2.03. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average price of $25.26 and a two-hundred day moving average price of $22.65. Magnolia Oil & Gas has a 1-year low of $18.91 and a 1-year high of $27.33.

Magnolia Oil & Gas (NYSE:MGY) last issued its quarterly earnings data on Wednesday, February 14th. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.04). The company had revenue of $322.63 million during the quarter, compared to the consensus estimate of $324.95 million. Magnolia Oil & Gas had a net margin of 31.65% and a return on equity of 21.21%.

Magnolia Oil & Gas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 13th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date is Friday, May 10th. Magnolia Oil & Gas’s payout ratio is currently 25.37%.

Hedge Funds Weigh In On Magnolia Oil & Gas

A number of hedge funds have recently bought and sold shares of MGY. Mather Group LLC. bought a new position in shares of Magnolia Oil & Gas during the first quarter valued at about $27,000. Private Wealth Management Group LLC bought a new position in shares of Magnolia Oil & Gas during the 4th quarter worth approximately $33,000. VisionPoint Advisory Group LLC boosted its stake in shares of Magnolia Oil & Gas by 112.3% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,537 shares of the company’s stock worth $35,000 after buying an additional 813 shares during the last quarter. Lindbrook Capital LLC grew its holdings in shares of Magnolia Oil & Gas by 61.5% in the first quarter. Lindbrook Capital LLC now owns 1,647 shares of the company’s stock valued at $43,000 after acquiring an additional 627 shares in the last quarter. Finally, Fidelis Capital Partners LLC bought a new stake in Magnolia Oil & Gas during the first quarter worth $50,000. 94.73% of the stock is owned by hedge funds and other institutional investors.

About Magnolia Oil & Gas

Magnolia Oil & Gas Corporation, an independent oil and natural gas company, engages in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids reserves in the United States. Its properties are located primarily in Karnes County and the Giddings area in South Texas principally comprising the Eagle Ford Shale and the Austin Chalk formation.