Magnolia Oil & Gas (MGY) Expected to Announce Earnings on Tuesday

Magnolia Oil & Gas (NYSE:MGY) is anticipated to release its earnings data after the market closes on Tuesday, February 18th. Analysts expect Magnolia Oil & Gas to post earnings of $0.46 per share and revenue of $327.40 million for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Magnolia Oil & Gas Stock Up 4.1 %

MGY opened at $23.72 on Tuesday. The firm has a market capitalization of $4.66 billion, a P/E ratio of 11.74, a PEG ratio of 2.85 and a beta of 1.98. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.47 and a quick ratio of 1.47. The company’s 50-day moving average is $24.71 and its 200 day moving average is $25.35. Magnolia Oil & Gas has a fifty-two week low of $20.08 and a fifty-two week high of $29.02.

Magnolia Oil & Gas Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date is Friday, February 14th. This is an increase from Magnolia Oil & Gas’s previous quarterly dividend of $0.13. Magnolia Oil & Gas’s dividend payout ratio is 29.70%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on MGY shares. Bank of America restated a “neutral” rating and set a $28.00 price target (down previously from $29.00) on shares of Magnolia Oil & Gas in a research note on Monday, January 13th. Piper Sandler lifted their target price on shares of Magnolia Oil & Gas from $24.00 to $26.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Siebert Williams Shank downgraded Magnolia Oil & Gas from a “buy” rating to a “hold” rating and set a $30.00 target price on the stock. in a research report on Tuesday, October 15th. Truist Financial lifted their price target on Magnolia Oil & Gas from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Finally, Johnson Rice cut Magnolia Oil & Gas from a “moderate buy” rating to a “hold” rating in a report on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $27.58.

About Magnolia Oil & Gas

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.