Brokers Offer Predictions for Magnolia Oil & Gas Corp’s Q4 2018 Earnings (MGY)

Magnolia Oil & Gas Corp (NYSE:MGY) – Analysts at Oppenheimer issued their Q4 2018 earnings estimates for shares of Magnolia Oil & Gas in a note issued to investors on Monday, January 7th. Oppenheimer analyst T. Rezvan forecasts that the company will post earnings of $0.29 per share for the quarter. Oppenheimer has a “Outperform” rating and a $15.00 price target on the stock. Oppenheimer also issued estimates for Magnolia Oil & Gas’ Q1 2019 earnings at $0.25 EPS, Q2 2019 earnings at $0.27 EPS, Q3 2019 earnings at $0.30 EPS, Q4 2019 earnings at $0.35 EPS, FY2019 earnings at $1.16 EPS, Q1 2020 earnings at $0.35 EPS, Q2 2020 earnings at $0.35 EPS, Q3 2020 earnings at $0.37 EPS, Q4 2020 earnings at $0.37 EPS and FY2020 earnings at $1.44 EPS.

Other analysts have also issued research reports about the stock. Johnson Rice started coverage on shares of Magnolia Oil & Gas in a research note on Monday, January 7th. They set a “buy” rating and a $17.00 target price for the company. Zacks Investment Research upgraded shares of Magnolia Oil & Gas from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Wednesday, October 17th. ValuEngine upgraded shares of Magnolia Oil & Gas from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Citigroup started coverage on shares of Magnolia Oil & Gas in a research report on Friday, November 30th. They set a “neutral” rating and a $13.00 price target for the company. Finally, Mitsubishi UFJ Financial Group restated an “overweight” rating on shares of Magnolia Oil & Gas in a research report on Thursday, October 25th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $16.00.

MGY stock opened at $12.16 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.19 and a current ratio of 1.19. Magnolia Oil & Gas has a 1-year low of $9.69 and a 1-year high of $15.23.

Several institutional investors have recently added to or reduced their stakes in MGY. Credit Suisse AG bought a new position in shares of Magnolia Oil & Gas during the third quarter worth about $156,000. Fox Run Management L.L.C. bought a new position in shares of Magnolia Oil & Gas during the third quarter worth about $164,000. Emerald Advisers Inc. PA bought a new position in shares of Magnolia Oil & Gas during the third quarter worth about $232,000. Acadian Asset Management LLC bought a new position in shares of Magnolia Oil & Gas during the third quarter worth about $310,000. Finally, Key Group Holdings Cayman LTD. bought a new position in shares of Magnolia Oil & Gas during the third quarter worth about $450,000. Institutional investors and hedge funds own 47.21% of the company’s stock.

In other news, EVP Timothy D. Yang purchased 20,000 shares of the stock in a transaction dated Friday, December 14th. The stock was acquired at an average price of $11.17 per share, for a total transaction of $223,400.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

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