Magnolia Oil & Gas Corp (MGY) Up 9.5% 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 its most recent earnings report in order to get a better handle on the important catalysts. Magnolia Oil & Gas reported a third-quarter 2024 net profit of 52 cents per share, which beat the Zacks Consensus Estimate of 48 cents. This outperformance can be attributed to a healthy increase in production volumes. However, the bottom line deteriorated from the year-ago quarter's 54 cents, due to a 21.9% increase in operating expenses year over year. The oil and gas exploration and production company's total revenues were $333.1 million, which beat the Zacks Consensus Estimate of $331 million. The top line increased 5.5% from $315.7 million recorded in the year-ago period due to higher-than-expected revenues from oil. The total oil revenues reached $266 millio
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MGY
News
- Magnolia Oil & Gas Corporation Appoints R. Lewis Ropp to its Board of Directors [Yahoo! Finance]Yahoo! Finance
- Magnolia Oil & Gas Corporation Appoints R. Lewis Ropp to its Board of DirectorsBusiness Wire
- Even though Magnolia Oil & Gas (NYSE:MGY) has lost US$491m market cap in last 7 days, shareholders are still up 95% over 5 years [Yahoo! Finance]Yahoo! Finance
- Magnolia Oil & Gas Co. (NYSE: MGY) had its price target lowered by analysts at Piper Sandler from $26.00 to $24.00. They now have a "neutral" rating on the stock.MarketBeat
- Magnolia Oil & Gas Co. (NYSE: MGY) had its price target raised by analysts at Mizuho from $27.00 to $28.00. They now have a "neutral" rating on the stock.MarketBeat
MGY
Earnings
- 10/30/24 - Beat
MGY
Sec Filings
- 1/7/25 - Form 8-K
- 12/4/24 - Form 4
- 11/26/24 - Form 8-K
- MGY's page on the SEC website