Magnolia Oil & Gas Corp (MGY) Up 12.5% Since Last Earnings Report: Can It Continue? [Yahoo! Finance]
Magnolia Oil & Gas Corporation Class A (MGY)
Last magnolia oil & gas corporation class a earnings: 2/19 04:11 pm
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Source: Yahoo! Finance
Will the recent positive trend continue leading up to its next earnings release, or is Magnolia Oil & Gas Corp due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Magnolia Q4 Earnings Miss Estimates Magnolia Oil & Gas reported a fourth-quarter 2023 adjusted net income of 50 cents per share, which missed the Zacks Consensus Estimate of 54 cents. The bottom line also deteriorated from the year-ago quarter's level of 86 cents due to a decline in commodity prices. Total revenues came in at $322.6 million, which missed the Zacks Consensus Estimate of $325 million. The top line also declined 4.9% from $349 million recorded in the year-ago period. The company repurchased 2.5 million of its Class A common shares for $54.2 million in the reported quarter. Production & Prices The average daily total output of 85,414 barrels o
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MGY
News
- Magnolia Oil & Gas Co. (NYSE: MGY) had its "hold" rating re-affirmed by analysts at Benchmark Co..MarketBeat
- Are You a Momentum Investor? This 1 Stock Could Be the Perfect Pick [Yahoo! Finance]Yahoo! Finance
- Magnolia Oil & Gas Co. (NYSE: MGY) had its price target raised by analysts at Susquehanna from $28.00 to $31.00. They now have a "positive" rating on the stock.MarketBeat
- Magnolia Oil & Gas Co. (NYSE: MGY) was downgraded by analysts at Piper Sandler from an "overweight" rating to a "neutral" rating. They now have a $29.00 price target on the stock.MarketBeat
- Magnolia Oil & Gas Co. (NYSE: MGY) had its price target raised by analysts at Wells Fargo & Company from $23.00 to $27.00. They now have an "equal weight" rating on the stock.MarketBeat
MGY
Earnings
- 2/14/24 - Miss
MGY
Sec Filings
- 4/10/24 - Form SC
- 4/5/24 - Form SC
- 3/21/24 - Form ARS
- MGY's page on the SEC website