Q1 EPS Estimates for Magnolia Oil & Gas Boosted by KeyCorp

Magnolia Oil & Gas Corp (NYSE:MGY) – Stock analysts at KeyCorp boosted their Q1 2026 earnings estimates for Magnolia Oil & Gas in a research report issued to clients and investors on Wednesday, April 1st. KeyCorp analyst T. Rezvan now forecasts that the company will post earnings of $0.58 per share for the quarter, up from their previous estimate of $0.42. KeyCorp has a “Overweight” rating and a $38.00 price objective on the stock. The consensus estimate for Magnolia Oil & Gas’ current full-year earnings is $2.10 per share. KeyCorp also issued estimates for Magnolia Oil & Gas’ Q2 2026 earnings at $0.92 EPS, Q3 2026 earnings at $0.87 EPS, Q4 2026 earnings at $0.85 EPS, FY2026 earnings at $3.22 EPS, Q1 2027 earnings at $0.77 EPS, Q2 2027 earnings at $0.76 EPS, Q3 2027 earnings at $0.73 EPS, Q4 2027 earnings at $0.75 EPS and FY2027 earnings at $3.02 EPS.

Magnolia Oil & Gas (NYSE:MGY) last issued its earnings results on Thursday, February 5th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.01. Magnolia Oil & Gas had a net margin of 24.79% and a return on equity of 16.67%. The business had revenue of $317.63 million during the quarter, compared to analysts’ expectations of $322.18 million. During the same period in the previous year, the company earned $0.44 earnings per share. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year.

Other equities analysts have also issued research reports about the company. Benchmark reissued a “hold” rating on shares of Magnolia Oil & Gas in a research report on Wednesday, January 21st. Citigroup boosted their target price on Magnolia Oil & Gas from $29.00 to $35.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 31st. BMO Capital Markets assumed coverage on Magnolia Oil & Gas in a research report on Friday, January 9th. They issued an “outperform” rating and a $27.00 target price for the company. Truist Financial assumed coverage on Magnolia Oil & Gas in a research report on Tuesday, March 24th. They issued a “hold” rating and a $33.00 target price for the company. Finally, Wells Fargo & Company set a $25.00 target price on Magnolia Oil & Gas in a research report on Monday, February 16th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $30.55.

Magnolia Oil & Gas Stock Performance

NYSE:MGY traded up $0.74 during mid-day trading on Tuesday, reaching $31.80. The company’s stock had a trading volume of 841,969 shares, compared to its average volume of 3,065,652. Magnolia Oil & Gas has a 12-month low of $19.09 and a 12-month high of $32.76. The firm’s fifty day moving average price is $28.39 and its two-hundred day moving average price is $24.81. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.20. The stock has a market cap of $5.93 billion, a P/E ratio of 18.49, a PEG ratio of 2.18 and a beta of 0.83.

Magnolia Oil & Gas Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 10th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, February 10th. This is an increase from Magnolia Oil & Gas’s previous quarterly dividend of $0.15. Magnolia Oil & Gas’s payout ratio is currently 38.37%.

Insider Activity

In other news, CFO Brian Corales sold 33,000 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $29.12, for a total transaction of $960,960.00. Following the completion of the sale, the chief financial officer owned 184,178 shares of the company’s stock, valued at $5,363,263.36. This represents a 15.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Edward P. Djerejian sold 18,000 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $28.98, for a total transaction of $521,640.00. Following the sale, the director directly owned 110,425 shares of the company’s stock, valued at $3,200,116.50. The trade was a 14.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 338,954 shares of company stock worth $9,911,733. Company insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Magnolia Oil & Gas

Hedge funds and other institutional investors have recently made changes to their positions in the business. Salomon & Ludwin LLC increased its position in shares of Magnolia Oil & Gas by 130.1% during the 4th quarter. Salomon & Ludwin LLC now owns 1,344 shares of the company’s stock valued at $29,000 after purchasing an additional 760 shares during the last quarter. Mather Group LLC. bought a new position in shares of Magnolia Oil & Gas during the 3rd quarter valued at approximately $31,000. EverSource Wealth Advisors LLC grew its stake in shares of Magnolia Oil & Gas by 165.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,386 shares of the company’s stock valued at $31,000 after acquiring an additional 864 shares during the period. Torren Management LLC bought a new position in shares of Magnolia Oil & Gas during the 4th quarter valued at approximately $38,000. Finally, Parallel Advisors LLC grew its stake in shares of Magnolia Oil & Gas by 79.8% during the 4th quarter. Parallel Advisors LLC now owns 1,769 shares of the company’s stock valued at $39,000 after acquiring an additional 785 shares during the period. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Key Stories Impacting Magnolia Oil & Gas

Here are the key news stories impacting Magnolia Oil & Gas this week:

• Positive Sentiment: KeyCorp raised its FY2026 EPS estimate sharply to $3.22 (from $1.86) and now has an Overweight rating with a $38 price target — signaling a markedly improved outlook for the year. Article Title
• Positive Sentiment: KeyCorp also boosted FY2027 EPS to $3.02 (from $2.18) and raised multiple quarterly estimates across Q1–Q4 2026 and Q1–Q4 2027 (examples: Q1 2026 to $0.58, Q2 2026 to $0.92, Q3 2026 to $0.87, Q4 2026 to $0.85; Q1–Q4 2027 quarterly lifts as well). The breadth of the revisions suggests the analyst expects stronger near‑term earnings power. Article Title
• Positive Sentiment: Zacks added MGY to its Rank #1 (Strong Buy) list on April 7, which can attract momentum and fund flows from model‑driven investors. New Strong Buy Stocks for April 7th
• Neutral Sentiment: CNN maintains a stock profile page for MGY (general company/stats hub); no new material company-specific news was reported there in the provided entry. Magnolia Oil & Gas Corp. Class A

Magnolia Oil & Gas Company Profile

Magnolia Oil & Gas Corp (NYSE: MGY) is an independent exploration and production company focused on the acquisition, development and optimization of onshore oil and gas assets in South Texas. Headquartered in Houston, the company concentrates its efforts on the Eagle Ford Shale, where it holds significant working interests in key producing counties.

The company’s core operations center on horizontal drilling and multi-stage completions designed to extract light crude oil, natural gas and natural gas liquids (NGLs).