Magnolia Oil & Gas Corp (NYSE:MGY) – Equities research analysts at SunTrust Banks decreased their Q4 2018 earnings estimates for shares of Magnolia Oil & Gas in a research note issued on Tuesday, November 13th. SunTrust Banks analyst N. Dingmann now forecasts that the company will post earnings of $0.46 per share for the quarter, down from their previous estimate of $0.63. SunTrust Banks has a “Buy” rating on the stock. SunTrust Banks also issued estimates for Magnolia Oil & Gas’ FY2019 earnings at $1.65 EPS and FY2020 earnings at $1.61 EPS.

Other analysts have also recently issued research reports about the stock. Imperial Capital started coverage on shares of Magnolia Oil & Gas in a research report on Wednesday, August 1st. They set a “buy” rating and a $16.00 price target on the stock. Zacks Investment Research raised shares of Magnolia Oil & Gas from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Wednesday, October 17th. Finally, Mitsubishi UFJ Financial Group reissued an “overweight” rating on shares of Magnolia Oil & Gas in a research report on Thursday, October 25th.

Shares of MGY opened at $12.95 on Friday. Magnolia Oil & Gas has a 1 year low of $9.66 and a 1 year high of $15.23.

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

A number of large investors have recently modified their holdings of MGY. FMR LLC acquired a new stake in Magnolia Oil & Gas in the third quarter valued at approximately $302,000,000. Capital World Investors acquired a new stake in Magnolia Oil & Gas in the third quarter valued at approximately $60,040,000. Alliancebernstein L.P. acquired a new stake in Magnolia Oil & Gas in the third quarter valued at approximately $20,035,000. Point72 Asset Management L.P. acquired a new stake in Magnolia Oil & Gas in the third quarter valued at approximately $15,707,000. Finally, Amica Mutual Insurance Co. acquired a new stake in Magnolia Oil & Gas in the third quarter valued at approximately $12,406,000. 26.09% of the stock is currently owned by hedge funds and other institutional investors.

In other news, VP Christopher G. Stavros bought 10,000 shares of Magnolia Oil & Gas stock in a transaction that occurred on Friday, September 7th. The shares were purchased at an average price of $13.59 per share, with a total value of $135,900.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Arcilia Acosta bought 17,950 shares of Magnolia Oil & Gas stock in a transaction that occurred on Friday, August 31st. The stock was purchased at an average cost of $13.90 per share, for a total transaction of $249,505.00. The disclosure for this purchase can be found here. Insiders have bought 252,333 shares of company stock worth $2,747,619 in the last three months.

Magnolia Oil & Gas Company Profile

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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Earnings History and Estimates for Magnolia Oil & Gas (NYSE:MGY)

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