Wall Street analysts forecast that Magnolia Oil & Gas Corp (NYSE:MGY) will report $0.46 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have made estimates for Magnolia Oil & Gas’ earnings, with the highest EPS estimate coming in at $0.63 and the lowest estimate coming in at $0.35. The firm is expected to report its next quarterly earnings results before the market opens on Tuesday, November 13th.

According to Zacks, analysts expect that Magnolia Oil & Gas will report full-year earnings of $1.50 per share for the current year, with EPS estimates ranging from $0.93 to $2.20. For the next financial year, analysts expect that the business will post earnings of $1.60 per share, with EPS estimates ranging from $1.12 to $2.20. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that cover Magnolia Oil & Gas.

Magnolia Oil & Gas (NYSE:MGY) last announced its quarterly earnings data on Tuesday, August 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.88 by ($0.92).

A number of equities research analysts recently issued reports on the company. SunTrust Banks assumed coverage on Magnolia Oil & Gas in a research note on Thursday, August 2nd. They issued a “buy” rating on the stock. Imperial Capital assumed coverage on Magnolia Oil & Gas in a research note on Wednesday, August 1st. They issued a “buy” rating and a $16.00 price objective on the stock. Finally, Zacks Investment Research upgraded Magnolia Oil & Gas from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Wednesday.

In related news, VP Christopher G. Stavros purchased 10,000 shares of the firm’s stock in a transaction dated Friday, September 7th. The shares were purchased at an average cost of $13.59 per share, for a total transaction of $135,900.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John B. Walker purchased 160,000 shares of the firm’s stock in a transaction dated Wednesday, September 12th. The shares were bought at an average price of $13.76 per share, for a total transaction of $2,201,600.00. The disclosure for this purchase can be found here. Insiders purchased a total of 252,333 shares of company stock worth $2,747,619 over the last 90 days.

Several institutional investors and hedge funds have recently made changes to their positions in MGY. SG Capital Management LLC bought a new stake in shares of Magnolia Oil & Gas during the third quarter valued at about $4,838,000. Bank of Montreal Can bought a new stake in shares of Magnolia Oil & Gas during the third quarter valued at about $2,627,000. Finally, Fox Run Management L.L.C. bought a new stake in shares of Magnolia Oil & Gas during the third quarter valued at about $164,000. Hedge funds and other institutional investors own 25.55% of the company’s stock.

Magnolia Oil & Gas stock traded down $0.09 during midday trading on Friday, reaching $13.97. The stock had a trading volume of 752,300 shares, compared to its average volume of 1,019,190. Magnolia Oil & Gas has a 12 month low of $9.66 and a 12 month high of $15.23.

About Magnolia Oil & Gas

Magnolia Oil & Gas Corporation operates as an oil and gas exploration and production company. It has operations in South Texas in the core of the Eagle Ford. The company is headquartered in Houston, Texas.

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