2 weeks Ago By ABMN Staff
Magnolia Oil & Gas Co. ( NYSE:MGY – Free Report ) – Equities research analysts at KeyCorp cut their FY2025 earnings per share estimates for Magnolia Oil & Gas in a research report issued to clients and investors on Sunday, April 20th. KeyCorp analyst T.
Rezvan now expects that the company will post earnings of $1.85 per share for the year, down from their prior forecast of $2.15.
The consensus estimate for Magnolia Oil & Gas’ current full-year earnings is $2.10 per share. Several other research firms have also weighed in on MGY.
Truist Financial lifted their price objective on shares of Magnolia Oil & Gas from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, January 13th.
Citigroup decreased their price target on shares of Magnolia Oil & Gas from $22.00 to $19.00 and set a “sell” rating for the company in a report on Tuesday, April 8th.
Bank of America reaffirmed a “neutral” rating and set a $28.00 price objective (down previously from $29.00) on shares of Magnolia Oil & Gas in a research note on Monday, January 13th.
Susquehanna reduced their target price on Magnolia Oil & Gas from $31.00 to $30.00 and set a “positive” rating on the stock in a report on Tuesday.
Finally, Williams Trading set a $29.00 price target on Magnolia Oil & Gas in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company.
According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $27.21. Magnolia Oil & Gas Price Performance Shares of MGY opened at $21.
36 on Wednesday. The stock has a market cap of $4.15 billion, a P/E ratio of 11.
07, a price-to-earnings-growth ratio of 3.01 and a beta of 1.57.
Magnolia Oil & Gas has a 1 year low of $19.09 and a 1 year high of $29.02.
The stock’s 50-day moving average price is $22.91 and its two-hundred day moving average price is $24.57.
The company has a current ratio of 1.42, a quick ratio of 1.47 and a debt-to-equity ratio of 0.
20. Magnolia Oil & Gas ( NYSE:MGY – Get Free Report ) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.
49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.03.
The business had revenue of $326.61 million for the quarter, compared to analyst estimates of $327.40 million.
Magnolia Oil & Gas had a return on equity of 20.74% and a net margin of 27.82%.
Magnolia Oil & Gas Increases Dividend The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given a $0.15 dividend.
The ex-dividend date was Friday, February 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.
81%. This is an increase from Magnolia Oil & Gas’s previous quarterly dividend of $0.13.
Magnolia Oil & Gas’s payout ratio is currently 31.09%. Insider Buying and Selling In other news, CEO Christopher G.
Stavros bought 2,500 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were acquired at an average cost of $22.05 per share, for a total transaction of $55,125.
00. Following the completion of the acquisition, the chief executive officer now owns 892,372 shares in the company, valued at approximately $19,676,802.60.
This represents a 0.28 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website .
1.20% of the stock is currently owned by corporate insiders. Institutional Inflows and Outflows Hedge funds and other institutional investors have recently modified their holdings of the company.
Allspring Global Investments Holdings LLC grew its holdings in Magnolia Oil & Gas by 3.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,175,387 shares of the company’s stock worth $81,004,000 after purchasing an additional 110,961 shares during the period.
Bessemer Group Inc. boosted its stake in shares of Magnolia Oil & Gas by 4.4% during the 1st quarter.
Bessemer Group Inc. now owns 836,386 shares of the company’s stock worth $21,127,000 after acquiring an additional 35,575 shares during the period. Retirement Guys Formula LLC acquired a new position in shares of Magnolia Oil & Gas during the 1st quarter worth approximately $212,000.
Oppenheimer Asset Management Inc. raised its stake in Magnolia Oil & Gas by 2.1% in the 1st quarter.
Oppenheimer Asset Management Inc. now owns 38,957 shares of the company’s stock valued at $984,000 after acquiring an additional 811 shares during the period. Finally, Boston Trust Walden Corp lifted its holdings in Magnolia Oil & Gas by 2.
8% during the 1st quarter. Boston Trust Walden Corp now owns 3,178,608 shares of the company’s stock valued at $80,292,000 after purchasing an additional 88,021 shares during the last quarter. Institutional investors own 94.
73% of the company’s stock. Magnolia Oil & Gas Company Profile ( Get Free Report ) Magnolia Oil & Gas Corp. engages in the acquisition, development, exploration, and production of oil and natural gas properties.
It operates assets located in the Eagle Ford Shale and Austin Chalk formations in South Texas. The company was founded on February 14, 2017 and is headquartered in Houston, TX. Read More Receive News & Ratings for Magnolia Oil & Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Magnolia Oil & Gas and related companies with MarketBeat.
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