Magnolia Oil & Gas Corp reports results for the quarter ended in June - Earnings Summary

Magnolia Oil & Gas

02/08/2023 17:20

* Magnolia Oil & Gas Corp  MGY.N  reported quarterly
adjusted
earnings of 51 cents​​ per share for the quarter ended in June.
The mean expectation of fifteen analysts for the quarter was
for earnings of 42 cents per share.
    * Revenue fell 42.2% to $280.29 million from a year ago;
analysts
expected $293.27 million. 
    * Magnolia Oil & Gas Corp's reported EPS for the quarter was
48
cents​.
    * The mean earnings estimate of analysts had fallen by
about 29.4%
in the last three months.​ 
    * In the last 30 days, twelve analysts negatively revised
earnings
estimates 
    * Magnolia Oil & Gas Corp shares had risen by 6.2% this
quarter and lost 5.4% so far this year.
    * The company reported quarterly net income of $91.49
million.
    * Wall Street's median 12-month price target for Magnolia
Oil &
Gas Corp is $27.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 2 at 04:19 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.42           0.51           Beat
 Mar. 31 2023      0.54           0.56           Beat
 Dec. 31 2022      0.77           1.20           Beat
 Sep. 30 2022      1.13           1.29           Beat