Magnolia Oil & Gas Corp (MGY) Down 7% Since Last Earnings Report: Can It Rebound? [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 negative trend continue leading up to its next earnings release, or is Magnolia Oil & Gas Corp due for a breakout? 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 drivers. Magnolia Q1 Earnings Beat Estimates Magnolia Oil & Gas reported first-quarter 2024 adjusted net income of 49 cents per share, which beat the Zacks Consensus Estimate of 44 cents. The outperformance can be primarily attributed to a healthy increase in production volumes and higher oil prices year over year. However, the bottom line deteriorated from the year-ago quarter's level of 56 cents due to higher year-over-year operating expenses. Total revenues came in at $319.4 million, which beat the Zacks Consensus Estimate of $308 million. The top line also improved 3.6% from $308.4 million recorded in the year-ago period. In the first quarter, the independent oil and
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News
- Here's Why Magnolia Oil & Gas Corp (MGY) is a Strong Momentum Stock [Yahoo! Finance]Yahoo! Finance
- Here's Why Magnolia Oil & Gas Corp (MGY) is a Strong Value Stock [Yahoo! Finance]Yahoo! Finance
- Is Magnolia Oil & Gas Corporation (NYSE:MGY) Trading At A 39% Discount? [Yahoo! Finance]Yahoo! Finance
- Magnolia Oil & Gas Co. (NYSE: MGY) is now covered by analysts at Capital One Financial Co.. They set an "overweight" rating and a $28.00 price target on the stock.MarketBeat
- Glancy Prongay & Murray LLP Announces Investigation of Magnolia Oil & Gas CorporationBusiness Wire
MGY
Earnings
- 5/7/24 - Beat
MGY
Sec Filings
- 6/5/24 - Form 4
- 5/15/24 - Form 4
- 5/15/24 - Form 4
- MGY's page on the SEC website