Magnolia Oil & Gas (MGY) Scheduled to Post Earnings on Tuesday

Magnolia Oil & Gas (NYSE:MGY) is scheduled to post its quarterly earnings results before the market opens on Tuesday, November 13th. Analysts expect Magnolia Oil & Gas to post earnings of $0.43 per share for the quarter.

Magnolia Oil & Gas (NYSE:MGY) last released its earnings results on Tuesday, August 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.92). On average, analysts expect Magnolia Oil & Gas to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Magnolia Oil & Gas stock opened at $12.07 on Friday. Magnolia Oil & Gas has a 1 year low of $9.66 and a 1 year high of $15.23.

In other Magnolia Oil & Gas news, Chairman Stephen I. Chazen bought 10,000 shares of the stock in a transaction that occurred on Thursday, September 13th. The stock was acquired at an average cost of $13.94 per share, with a total value of $139,400.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Arcilia Acosta bought 17,950 shares of the stock in a transaction that occurred on Friday, August 31st. The shares were acquired at an average cost of $13.90 per share, with a total value of $249,505.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 252,333 shares of company stock valued at $2,747,619.

A number of brokerages have recently commented on MGY. Mitsubishi UFJ Financial Group reaffirmed an “overweight” rating on shares of Magnolia Oil & Gas in a research note on Thursday, October 25th. Zacks Investment Research raised Magnolia Oil & Gas from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research note on Wednesday, October 17th. Imperial Capital reaffirmed a “buy” rating and issued a $18.00 price target (up from $16.00) on shares of Magnolia Oil & Gas in a research note on Wednesday, August 22nd. Finally, SunTrust Banks began coverage on Magnolia Oil & Gas in a research note on Thursday, August 2nd. They issued a “buy” rating for the company.

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Magnolia Oil & Gas Company Profile

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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