Research analysts at Roth Capital have revised their earnings per share (EPS) estimates for Magnolia Oil & Gas Corp (NYSE:MGY) for the third quarter of 2025. In a report released on October 14, 2023, analyst L. Mariani projected that the company is likely to report earnings of $0.39 per share, a decrease from the previous estimate of $0.40.
The consensus estimate for Magnolia Oil & Gas’ full-year earnings currently stands at $2.10 per share. Roth Capital also provided forecasts for the company’s subsequent quarters, suggesting $0.32 EPS for the fourth quarter of 2025, $1.65 for FY2025, and estimates extending into 2026, with EPS figures of $0.30 in Q1, $0.24 in Q2, $0.34 in Q3, and $0.44 in Q4. The FY2026 earnings estimate is $1.31.
Magnolia Oil & Gas reported its quarterly earnings results on July 30, 2023, announcing EPS of $0.43, which exceeded analysts’ consensus estimates of $0.40 by $0.03. The company recorded a return on equity of 19.34% and a net margin of 27.57%. Revenue for the quarter reached $318.98 million, surpassing the consensus estimate of $311.58 million. However, this revenue reflects a 5.3% decline compared to the same period in the previous year, when the company posted earnings of $0.51 per share.
Analyst Ratings and Market Performance
Several other brokerages have recently updated their positions on Magnolia Oil & Gas. Mizuho lowered their price target from $26.00 to $25.00 while maintaining a “neutral” rating. Citigroup reiterated a “sell” rating on the stock, and Weiss Ratings confirmed a “hold (c)” rating. Meanwhile, KeyCorp set a price objective of $29.00, assigning an “overweight” rating, and Piper Sandler increased their target from $24.00 to $25.00, also giving a “neutral” rating.
Currently, five research analysts have issued a “buy” rating for the stock, while seven have opted for a “hold” rating, and two have assigned a “sell” rating. According to data from MarketBeat, the consensus rating for Magnolia Oil & Gas remains “hold” with a target price of $26.33.
On October 13, 2023, shares of NYSE:MGY opened at $22.82. The stock has fluctuated within a 12-month range, hitting a low of $19.09 and a high of $29.02. Currently, the company has a market capitalization of $4.35 billion, a price-to-earnings (PE) ratio of 11.95, and a beta of 1.24. Its 50-day moving average stands at $23.94, while the 200-day moving average is $23.00.
Dividend Announcement and Institutional Trading
Magnolia Oil & Gas has recently declared a quarterly dividend of $0.15 per share, which was paid on September 2, 2023, to investors who were on record as of August 11. This dividend reflects an annualized payout of $0.60 and a yield of 2.6%, with a payout ratio of 31.41%.
Institutional investors have been active in adjusting their positions in Magnolia Oil & Gas. Wealth Enhancement Advisory Services LLC increased its holdings by 4.8% during the first quarter, now owning 15,470 shares valued at approximately $391,000. Jane Street Group LLC significantly raised its stake by 1,382.9%, acquiring over 1 million shares worth about $26.76 million. Other notable increases include Bessemer Group Inc. with an additional 35,575 shares and Mackenzie Financial Corp., which grew its position by 164.9%.
Currently, institutional investors hold approximately 94.73% of Magnolia Oil & Gas shares. The company, founded on February 14, 2017, focuses on the acquisition, development, exploration, and production of oil and natural gas properties, primarily in the Eagle Ford Shale and Austin Chalk formations in South Texas.
