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

Magnolia Oil & Gas

02/11/2022 07:59

* Magnolia Oil & Gas Corp  MGY.N  reported quarterly
adjusted
earnings of $1.29​​ per share for the quarter ended in
September. The mean expectation of fourteen analysts for the
quarter was for earnings of $1.13 per share.
    * Revenue rose 70.3% to $482.96 million from a year ago;
analysts
expected $440.29 million. 
    * Magnolia Oil & Gas Corp's reported EPS for the quarter was
$1.29​.
    * The mean earnings estimate of analysts had fallen by
about 4.6%
in the last three months.​ 
    * In the last 30 days six analysts negatively revised
earnings
estimates 
    * Magnolia Oil & Gas Corp shares had risen by 29.0% this
quarter and gained 35.5% so far this year.
    * The company reported quarterly net income of $245.48
million.
    * Wall Street's median 12-month price target for Magnolia
Oil &
Gas Corp is $30.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data November
2 at 07:58 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      1.13           1.29           Beat
 Jun. 30 2022      1.18           1.32           Beat
 Mar. 31 2022      0.88           0.90           Beat
 Dec. 31 2021      0.80           0.82           Beat