KeyCorp Predicts Increased Earnings for Magnolia Oil & Gas

Magnolia Oil & Gas Corp (NYSE:MGY) – Equities research analysts at KeyCorp boosted their Q2 2026 earnings per share estimates for shares of Magnolia Oil & Gas in a report issued on Wednesday, June 3rd. KeyCorp analyst T. Rezvan now expects that the company will post earnings of $0.99 per share for the quarter, up from their prior estimate of $0.92. KeyCorp currently has a “Overweight” rating and a $38.00 target price on the stock. The consensus estimate for Magnolia Oil & Gas’ current full-year earnings is $2.85 per share. KeyCorp also issued estimates for Magnolia Oil & Gas’ Q2 2027 earnings at $0.70 EPS, Q3 2027 earnings at $0.68 EPS and FY2027 earnings at $2.86 EPS.

Magnolia Oil & Gas (NYSE:MGY) last announced its earnings results on Wednesday, May 6th. The company reported $0.54 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 analysts’ expectations of $349.89 million. Magnolia Oil & Gas had a return on equity of 16.28% and a net margin of 24.40%.The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.54 EPS.

Other equities research analysts also recently issued reports about the company. Piper Sandler increased their price target on Magnolia Oil & Gas from $28.00 to $31.00 and gave the stock a “neutral” rating in a report on Thursday, March 12th. Wells Fargo & Company reduced their price target on Magnolia Oil & Gas from $32.00 to $31.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 13th. Truist Financial increased their price target on Magnolia Oil & Gas from $33.00 to $34.00 and gave the stock a “hold” rating in a report on Monday, April 27th. Citigroup reduced their price target on Magnolia Oil & Gas from $35.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, April 13th. Finally, Weiss Ratings downgraded Magnolia Oil & Gas from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Seven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $31.42.

Magnolia Oil & Gas Price Performance

Shares of Magnolia Oil & Gas stock opened at $28.25 on Friday. The stock has a market cap of $5.23 billion, a price-to-earnings ratio of 16.43 and a beta of 0.71. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a 50 day moving average price of $29.40 and a 200-day moving average price of $26.46. Magnolia Oil & Gas has a one year low of $21.07 and a one year high of $32.76.

Magnolia Oil & Gas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 12th were paid a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.66 annualized dividend and a yield of 2.3%. Magnolia Oil & Gas’s dividend payout ratio is 38.37%.

Insider Buying and Selling

In related news, EVP Timothy D. Yang sold 150,000 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $29.29, for a total value of $4,393,500.00. Following the transaction, the executive vice president owned 526,661 shares of the company’s stock, valued at $15,425,900.69. This represents a 22.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dan F. Smith sold 18,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the director directly 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 SEC filing for this sale provides additional information. Insiders have sold 338,954 shares of company stock valued at $9,911,733 over the last 90 days. 0.92% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Lido Advisors LLC grew its stake in 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 purchasing an additional 387 shares in the last quarter. Oak Family Advisors LLC grew its stake in Magnolia Oil & Gas by 0.9% in the fourth quarter. Oak Family Advisors LLC now owns 47,620 shares of the company’s stock worth $1,042,000 after purchasing an additional 410 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in 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 acquiring an additional 422 shares in the last quarter. GAMMA Investing LLC boosted 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 valued at $134,000 after acquiring an additional 453 shares in the last quarter. Finally, Coldstream Capital Management Inc. boosted 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 valued at $380,000 after acquiring an additional 482 shares in the last quarter. Institutional investors 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).