Magnolia Oil & Gas Corporation

Equities

MGY

US5596631094

Oil & Gas Exploration and Production

Market Closed - Nyse Other stock markets 04:00:02 2024-05-29 pm EDT			5-day change	1st Jan Change
25.18 ^USD	-0.91%		+1.17%	+18.27%

May. 16	Magnolia Oil & Gas Insider Sold Shares Worth $306,960,000, According to a Recent SEC Filing	MT
May. 13	Mizuho Adjusts Price Target on Magnolia Oil & Gas to $28 From $26, Maintains Neutral Rating	MT

Magnolia Oil & Gas Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024

May 07, 2024 at 04:00 pm EDT

Magnolia Oil & Gas Corporation reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported revenue was USD 319.42 million compared to USD 308.38 million a year ago. Net income was USD 85.09 million compared to USD 96.34 million a year ago.

Basic earnings per share from continuing operations was USD 0.46 compared to USD 0.5 a year ago. Diluted earnings per share from continuing operations was USD 0.46 compared to USD 0.5 a year ago.

Latest news about Magnolia Oil & Gas Corporation

Magnolia Oil & Gas Insider Sold Shares Worth $306,960,000, According to a Recent SEC Filing	May. 16	MT
Mizuho Adjusts Price Target on Magnolia Oil & Gas to $28 From $26, Maintains Neutral Rating	May. 13	MT
Transcript : Magnolia Oil & Gas Corporation, Q1 2024 Earnings Call, May 08, 2024	May. 08
Magnolia Oil & Gas Q1 EPS Decreases, Revenue Rises	May. 07	MT
Earnings Flash (MGY) MAGNOLIA OIL & GAS CORPORATION Reports Q1 Revenue $319.4M	May. 07	MT
Earnings Flash (MGY) MAGNOLIA OIL & GAS CORPORATION Reports Q1 EPS $0.46	May. 07	MT
Tranche Update on Magnolia Oil & Gas Corporation's Equity Buyback Plan announced on August 6, 2019.	May. 07	CI
Magnolia Oil & Gas Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024	May. 07	CI
Magnolia Oil & Gas Announces Quarterly Dividend, Payable on June 3, 2024	May. 02	CI
Susquehanna Adjusts Price Target on Magnolia Oil & Gas to $31 From $28, Maintains Positive Rating	Apr. 22	MT
Piper Sandler Downgrades Magnolia Oil & Gas to Neutral From Overweight, Price Target is $29	Apr. 19	MT
Wells Fargo Raises Magnolia Oil & Gas Price Target to $27 From $23, Maintains Equal Weight Rating	Apr. 18	MT
Citigroup Raises Price Target on Magnolia Oil & Gas to $22 From $18, Maintains Sell Rating	Apr. 15	MT
Goldman Sachs Adjusts Magnolia Oil & Gas' Price Target to $28 From $24.50, Keeps Buy Rating	Mar. 26	MT
Magnolia Oil & Gas Corporation(NYSE:MGY) added to S&P 1000	Mar. 17	CI
Magnolia Oil & Gas Corporation(NYSE:MGY) added to S&P 600 Energy	Mar. 17	CI
Magnolia Oil & Gas Corporation(NYSE:MGY) added to S&P Composite 1500	Mar. 17	CI
Magnolia Oil & Gas Corporation(NYSE:MGY) added to S&P 600	Mar. 17	CI
Mizuho Securities Raises Magnolia Oil & Gas' Price Target to $26 From $24, Maintains Neutral Rating	Mar. 14	MT
BofA Securities Initiates Magnolia Oil & Gas at Buy Rating With $25 Price Target	Feb. 27	MT
Nickel heads for biggest weekly gain in seven months	Feb. 23	RE
Truist Securities Adjusts Price Target on Magnolia Oil & Gas to $33 From $32, Maintains Buy Rating	Feb. 16	MT
Transcript : Magnolia Oil & Gas Corporation, Q4 2023 Earnings Call, Feb 15, 2024	Feb. 15
Magnolia Oil & Gas Q4 Earnings, Revenue Slump	Feb. 14	MT
Earnings Flash (MGY) MAGNOLIA OIL & GAS CORPORATION Posts Q4 EPS $0.53	Feb. 14	MT

Chart Magnolia Oil & Gas Corporation

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Company Profile

Magnolia Oil & Gas Corporation is an independent oil and natural gas company, which acquires, develops, explores and produces oil, natural gas and natural gas liquid (NGL) reserves. The Companyâs oil and natural gas properties are located primarily in the Karnes and Giddings areas in South Texas, where the Company targets the Eagle Ford Shale and Austin Chalk formations. The Companyâs assets consist of a total leasehold position of 789,719 gross (576,504 net) acres, including 72,503 gross (50,681 net) acres in the Karnes area and 717,216 gross (525,823 net) acres in the Giddings area. The Karnes area consists of oil and natural gas assets primarily located in Karnes, Dimmit, Gonzales, and Zavala Counties, Texas, in the core of the Eagle Ford Shale. The acreage comprising the Karnes area also includes the Austin Chalk formation overlying the Eagle Ford Shale. The Giddings Assets are located in Brazos, Burleson, Fayette, Grimes, Lee, Milam, Robertson and Washington Counties, Texas.

Sector

Oil & Gas Exploration and Production

Calendar

2024-07-29 - Q2 2024 Earnings Release (Projected)

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Russell 2000

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Ratings for Magnolia Oil & Gas Corporation

Trading Rating

Investor Rating

ESG Refinitiv

C-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

25.18 USD

Average target price

27.97 USD

Spread / Average Target

+11.08%

Consensus

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