Magnolia Oil & Gas Corp reports results for the quarter ended December 31 - Earnings Summary

Magnolia Oil & Gas

19/02/2025 17:09

* Magnolia Oil & Gas Corp  MGY.N  reported quarterly
adjusted
earnings of 50 cents​​ per share for the quarter ended December
31, lower than the same quarter last year, when the company
reported EPS of 52 cents.  The mean expectation of
seventeen analysts for the quarter was for earnings of 45 cents
per share. Wall Street expected results to range from 41 cents
to 57 cents per share.
    * Revenue rose 1.2% to $326.61 million from a year ago;
analysts
expected $325.22 million. 
    * Magnolia Oil & Gas Corp's reported EPS for the quarter was
44
cents​.
    * The company reported quarterly net income of $85.6
million.
    * Magnolia Oil & Gas Corp shares had risen by 2.1% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.9%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 8
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
exploration and production peer group is also "hold"

Wall Street's median 12-month price target for Magnolia Oil &
Gas Corp is $28.50 
This summary was machine generated from LSEG data February 19 at
05:09 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.45           0.50           Beat
 Sep. 30 2024      0.48           0.53           Beat
 Jun. 30 2024      0.53           0.56           Beat
 Mar. 31 2024      0.46           0.49           Beat