Magnolia Oil & Gas (MGY) to Release Earnings on Tuesday

Magnolia Oil & Gas (NYSE:MGY) is expected to be issuing its quarterly earnings data after the market closes on Tuesday, February 18th. Analysts expect the company to announce earnings of $0.46 per share and revenue of $327.40 million for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Magnolia Oil & Gas Trading Up 4.1 %

NYSE:MGY opened at $23.72 on Tuesday. The company has a market cap of $4.66 billion, a PE ratio of 11.74, a price-to-earnings-growth ratio of 2.85 and a beta of 1.98. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.20. Magnolia Oil & Gas has a 12 month low of $20.08 and a 12 month high of $29.02. The company has a 50 day simple moving average of $24.71 and a two-hundred day simple moving average of $25.35.

Magnolia Oil & Gas Increases Dividend

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

Analyst Ratings Changes

Several research analysts have weighed in on MGY shares. Piper Sandler increased their price target on shares of Magnolia Oil & Gas from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Benchmark reiterated a “hold” rating on shares of Magnolia Oil & Gas in a research note on Tuesday, October 15th. Siebert Williams Shank cut shares of Magnolia Oil & Gas from a “buy” rating to a “hold” rating and set a $30.00 target price for the company. in a research note on Tuesday, October 15th. The Goldman Sachs Group downgraded Magnolia Oil & Gas from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $27.00 to $26.00 in a research note on Friday, January 31st. Finally, Johnson Rice lowered shares of Magnolia Oil & Gas from a “moderate buy” rating to a “hold” rating in a report on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus 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.