Magnolia Oil & Gas (MGY) Stock Forecast, Price Target & Predictions
MGY Stock Forecast
Magnolia Oil & Gas stock forecast is as follows: an average price target of $25.31 (represents a 6.17% upside from MGY’s last price of $23.84) and a rating consensus of 'Buy', based on 6 wall street analysts offering a 1-year stock forecast.
MGY Price Target
The average price target for Magnolia Oil & Gas (MGY) is $25.31 based on 1-year price targets from 6 Wall Street analysts in the past 3 months, with a price target range of $35.00 to $14.00. This represents a potential 6.17% upside from MGY's last price of $23.84.
MGY Analyst Ratings
According to 6 Wall Street analysts, Magnolia Oil & Gas's rating consensus is 'Buy'. The analyst rating breakdown for MGY stock is 0 'Strong Buy' (0.00%), 3 'Buy' (50.00%), 2 'Hold' (33.33%), 1 'Sell' (16.67%), and 0 'Strong Sell' (0.00%).
Magnolia Oil & Gas Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jun 11, 2024 | Phillips Johnston | Capital One Financial | $28.00 | $24.69 | 13.41% | 17.45% |
| May 31, 2024 | Neal Dingmann | Truist Financial | $35.00 | $25.46 | 37.47% | 46.81% |
| Apr 19, 2024 | Mark Lear | Piper Sandler | $29.00 | $25.68 | 12.93% | 21.64% |
| Apr 18, 2024 | Hanwen Chang | Wells Fargo | $27.00 | $25.82 | 4.57% | 13.26% |
| Jan 11, 2023 | - | Piper Sandler | $35.00 | $22.40 | 56.25% | 46.81% |
| Nov 17, 2022 | - | Piper Sandler | $36.00 | $26.34 | 36.67% | 51.01% |
| Jul 27, 2022 | Leo Mariani | MKM Partners | $26.00 | $22.89 | 13.61% | 9.06% |
| Jul 19, 2022 | - | Truist Financial | $39.00 | $21.18 | 84.14% | 63.59% |
| Jul 11, 2022 | - | Wells Fargo | $30.00 | $19.94 | 50.45% | 25.84% |
| Apr 25, 2022 | - | Susquehanna | $29.00 | $24.01 | 20.78% | 21.64% |
The latest Magnolia Oil & Gas stock forecast, released on Jun 11, 2024 by Phillips Johnston from Capital One Financial, set a price target of $28.00, which represents a 13.41% increase from the stock price at the time of the forecast ($24.69), and a 17.45% increase from MGY last price ($23.84).
Magnolia Oil & Gas Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 4 |
| Avg Price Target | - | - | $29.75 |
| Last Closing Price | $23.84 | $23.84 | $23.84 |
| Upside/Downside | -100.00% | -100.00% | 24.79% |
In the current month, the average price target of Magnolia Oil & Gas stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Magnolia Oil & Gas's last price of $23.84. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Jul 17, 2024 | Wolfe Research | - | Outperform | Initialise |
| May 13, 2024 | William Blair | Buy | Buy | Hold |
| May 13, 2024 | Wells Fargo | Underperform | Underperform | Hold |
| May 09, 2024 | Bank of America Securities | Buy | Buy | Hold |
| Apr 19, 2024 | Piper Sandler | Overweight | Neutral | Downgrade |
| Apr 18, 2024 | Wells Fargo | Equal-Weight | Equal-Weight | Hold |
| Apr 15, 2024 | Citigroup | Sell | Sell | Hold |
| Aug 10, 2023 | KeyBanc | - | Sector Weight | Downgrade |
| Jan 11, 2023 | Piper Sandler | Overweight | Overweight | Hold |
| Nov 17, 2022 | Piper Sandler | Overweight | Overweight | Hold |
Magnolia Oil & Gas's last stock rating was published by Wolfe Research on Jul 17, 2024. The company Initialise its MGY rating from "null" to "Outperform".
Magnolia Oil & Gas Financial Forecast
Magnolia Oil & Gas Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $322.63M | $315.68M | $280.29M | $308.38M | $349.04M | $482.96M | - | $377.84M | $336.38M | $283.58M | $250.73M | $207.66M | $149.24M | $121.07M | $82.84M | $181.37M | $229.71M | $244.80M |
| Avg Forecast | $372.62M | $367.88M | $360.67M | $354.72M | $369.08M | $359.62M | $345.51M | $346.58M | $342.89M | $339.31M | $336.31M | $307.89M | $325.73M | $318.30M | $287.39M | $322.12M | $364.03M | $440.94M | $457.15M | $364.81M | $328.89M | $278.33M | $232.78M | $193.49M | $143.33M | $128.36M | $95.83M | $182.96M | $244.39M | $242.41M |
| High Forecast | $390.13M | $385.18M | $377.62M | $371.40M | $386.43M | $376.53M | $361.76M | $362.88M | $359.01M | $352.77M | $352.12M | $322.37M | $337.06M | $333.66M | $300.90M | $337.26M | $381.14M | $461.67M | $457.15M | $393.04M | $354.34M | $299.87M | $250.79M | $208.46M | $154.42M | $138.29M | $103.25M | $197.12M | $263.30M | $261.17M |
| Low Forecast | $346.94M | $342.54M | $335.82M | $330.28M | $343.65M | $334.85M | $321.71M | $322.70M | $319.27M | $332.59M | $313.14M | $286.68M | $318.68M | $301.50M | $267.59M | $299.92M | $338.95M | $410.56M | $457.15M | $341.02M | $307.45M | $260.18M | $217.60M | $180.87M | $133.98M | $119.99M | $89.58M | $171.03M | $228.46M | $226.60M |
| # Analysts | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 4 | 5 | 11 | 5 | 9 | 5 | 4 | 4 | 8 | 6 | 5 | 5 | 16 | 11 | 8 | 8 | 12 | 7 | 12 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 0.99% | 0.98% | 0.96% | 0.96% | 1.10% | - | 1.04% | 1.02% | 1.02% | 1.08% | 1.07% | 1.04% | 0.94% | 0.86% | 0.99% | 0.94% | 1.01% |
Magnolia Oil & Gas's average Quarter revenue forecast for Mar 24 based on 4 analysts is $307.89M, with a low forecast of $286.68M, and a high forecast of $322.37M. MGY's average Quarter revenue forecast represents a -4.57% decrease compared to the company's last Quarter revenue of $322.63M (Dec 23).
Magnolia Oil & Gas EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 4 | 5 | 11 | 5 | 9 | 5 | 4 | 4 | 8 | 6 | 5 | 5 | 16 | 11 | 8 | 8 | 12 | 7 | 12 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $191.74M | $203.48M | $171.34M | $229.10M | $261.69M | $380.56M | - | $289.18M | $255.47M | $219.63M | $179.89M | $144.72M | $95.30M | $71.25M | $29.19M | $-436.81M | $163.94M | $175.30M |
| Avg Forecast | $186.32M | $183.95M | $180.35M | $177.37M | $184.55M | $179.82M | $172.77M | $173.30M | $171.46M | $169.67M | $168.17M | $109.94M | $162.88M | $159.16M | $143.70M | $86.91M | $182.03M | $199.42M | $228.59M | $182.42M | $190.47M | $157.64M | $78.21M | $68.70M | $46.09M | $73.71M | $26.87M | $-718.61M | $203.69M | $219.04M |
| High Forecast | $195.08M | $192.60M | $188.82M | $185.71M | $193.23M | $188.28M | $180.89M | $181.45M | $179.52M | $176.40M | $176.07M | $131.93M | $168.54M | $166.84M | $150.46M | $104.29M | $190.58M | $239.30M | $228.59M | $196.53M | $228.56M | $189.17M | $93.86M | $82.44M | $55.31M | $88.45M | $32.24M | $-574.89M | $244.43M | $262.85M |
| Low Forecast | $173.48M | $171.28M | $167.92M | $165.15M | $171.84M | $167.43M | $160.87M | $161.36M | $159.65M | $166.31M | $156.58M | $87.95M | $159.35M | $150.76M | $133.80M | $69.53M | $169.49M | $159.53M | $228.59M | $170.52M | $152.37M | $126.11M | $62.57M | $54.96M | $36.87M | $58.97M | $21.50M | $-862.34M | $162.96M | $175.23M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.18% | 1.28% | 1.19% | 2.64% | 1.44% | 1.91% | - | 1.59% | 1.34% | 1.39% | 2.30% | 2.11% | 2.07% | 0.97% | 1.09% | 0.61% | 0.80% | 0.80% |
4 analysts predict MGY's average Quarter EBITDA for Mar 24 to be $109.94M, with a high of $131.93M and a low of $87.95M. This is -42.66% lower than Magnolia Oil & Gas's previous annual EBITDA (Dec 23) of $191.74M.
Magnolia Oil & Gas Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 4 | 5 | 11 | 5 | 9 | 5 | 4 | 4 | 8 | 6 | 5 | 5 | 16 | 11 | 8 | 8 | 12 | 7 | 12 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $98.44M | $102.03M | $91.49M | $96.33M | $231.74M | $245.48M | - | $166.04M | $192.15M | $119.36M | $84.44M | $63.24M | $27.75M | $9.15M | $-18.27M | $-1.23B | $13.63M | $17.36M |
| Avg Forecast | $127.07M | $120.81M | $113.80M | $113.21M | $110.70M | $106.94M | $101.43M | $103.87M | $99.44M | $98.04M | $96.96M | $59.94M | $98.26M | $99.13M | $78.42M | $47.39M | $143.14M | $133.38M | $213.89M | $171.13M | $133.99M | $105.44M | $45.19M | $37.46M | $15.26M | $10.45M | $-12.18M | $-766.88M | $10.44M | $13.71M |
| High Forecast | $134.84M | $128.19M | $120.76M | $120.13M | $117.47M | $113.48M | $107.63M | $110.22M | $105.52M | $112.56M | $102.89M | $71.93M | $107.03M | $115.66M | $83.22M | $56.86M | $151.89M | $160.06M | $213.89M | $188.34M | $160.79M | $126.53M | $54.23M | $44.95M | $18.31M | $12.54M | $-9.75M | $-613.50M | $12.52M | $16.45M |
| Low Forecast | $115.69M | $109.99M | $103.61M | $103.07M | $100.79M | $97.37M | $92.35M | $94.57M | $90.54M | $79.88M | $88.28M | $47.96M | $91.24M | $82.61M | $71.40M | $37.91M | $130.32M | $106.70M | $213.89M | $156.62M | $107.19M | $84.35M | $36.15M | $29.97M | $12.21M | $8.36M | $-14.62M | $-920.26M | $8.35M | $10.97M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 1.03% | 1.17% | 2.03% | 1.62% | 1.84% | - | 0.97% | 1.43% | 1.13% | 1.87% | 1.69% | 1.82% | 0.88% | 1.50% | 1.60% | 1.31% | 1.27% |
Magnolia Oil & Gas's average Quarter net income forecast for Mar 24 is $59.94M, with a range of $47.96M to $71.93M. MGY's average Quarter net income forecast represents a -39.11% decrease compared to the company's last Quarter net income of $98.44M (Dec 23).
Magnolia Oil & Gas SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 4 | 5 | 11 | 5 | 9 | 5 | 4 | 4 | 8 | 6 | 5 | 5 | 16 | 11 | 8 | 8 | 12 | 7 | 12 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $53.45M | $19.37M | $18.73M | $19.77M | $17.20M | $19.63M | - | $17.07M | $15.46M | $14.70M | $24.76M | $20.36M | $18.45M | $16.66M | $15.73M | $18.08M | $16.78M | $17.34M |
| Avg Forecast | $28.21M | $27.85M | $27.30M | $26.85M | $27.94M | $27.22M | $26.16M | $26.24M | $25.96M | $25.69M | $25.46M | $19.30M | $24.66M | $24.10M | $21.76M | $15.26M | $27.56M | $16.42M | $34.61M | $27.62M | $13.79M | $12.98M | $13.25M | $12.06M | $10.15M | $19.04M | $10.49M | $13.85M | $84.56M | $90.49M |
| High Forecast | $29.53M | $29.16M | $28.59M | $28.11M | $29.25M | $28.50M | $27.38M | $27.47M | $27.18M | $26.70M | $26.66M | $23.16M | $25.51M | $25.26M | $22.78M | $18.31M | $28.85M | $19.70M | $34.61M | $29.75M | $16.55M | $15.58M | $15.90M | $14.47M | $12.17M | $22.85M | $12.58M | $14.92M | $101.47M | $108.59M |
| Low Forecast | $26.26M | $25.93M | $25.42M | $25.00M | $26.01M | $25.35M | $24.35M | $24.43M | $24.17M | $25.18M | $23.70M | $15.44M | $24.12M | $22.82M | $20.26M | $12.21M | $25.66M | $13.14M | $34.61M | $25.82M | $11.03M | $10.38M | $10.60M | $9.65M | $8.12M | $15.23M | $8.39M | $12.95M | $67.65M | $72.39M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 2.17% | 0.80% | 0.86% | 1.30% | 0.62% | 1.20% | - | 0.62% | 1.12% | 1.13% | 1.87% | 1.69% | 1.82% | 0.88% | 1.50% | 1.31% | 0.20% | 0.19% |
Magnolia Oil & Gas's average Quarter SG&A projection for Mar 24 is $19.30M, based on 4 Wall Street analysts, with a range of $15.44M to $23.16M. The forecast indicates a -63.89% fall compared to MGY last annual SG&A of $53.45M (Dec 23).
Magnolia Oil & Gas EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 4 | 5 | 11 | 5 | 9 | 5 | 4 | 4 | 8 | 6 | 5 | 5 | 16 | 11 | 8 | 8 | 12 | 7 | 12 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $0.52 | $0.55 | $0.48 | $0.50 | $1.21 | $1.29 | - | $0.90 | $1.06 | $0.91 | $0.66 | $0.55 | $0.17 | $0.08 | $-0.18 | $-11.34 | $0.08 | $0.10 |
| Avg Forecast | $0.69 | $0.65 | $0.62 | $0.61 | $0.60 | $0.58 | $0.55 | $0.56 | $0.54 | $0.53 | $0.52 | $0.47 | $0.53 | $0.54 | $0.42 | $0.54 | $0.77 | $1.13 | $1.17 | $0.93 | $0.80 | $0.61 | $0.41 | $0.27 | $0.10 | $0.07 | $-0.06 | $-0.08 | $0.07 | $0.08 |
| High Forecast | $0.73 | $0.69 | $0.65 | $0.65 | $0.64 | $0.61 | $0.58 | $0.60 | $0.57 | $0.61 | $0.56 | $0.49 | $0.58 | $0.63 | $0.45 | $0.57 | $0.82 | $1.20 | $1.17 | $1.02 | $0.88 | $0.67 | $0.45 | $0.30 | $0.11 | $0.07 | $-0.05 | $-0.07 | $0.08 | $0.09 |
| Low Forecast | $0.63 | $0.59 | $0.56 | $0.56 | $0.54 | $0.53 | $0.50 | $0.51 | $0.49 | $0.43 | $0.48 | $0.42 | $0.49 | $0.45 | $0.39 | $0.49 | $0.70 | $1.03 | $1.17 | $0.85 | $0.73 | $0.56 | $0.37 | $0.25 | $0.09 | $0.06 | $-0.06 | $-0.09 | $0.07 | $0.07 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.98% | 1.03% | 1.13% | 0.93% | 1.56% | 1.14% | - | 0.97% | 1.33% | 1.49% | 1.62% | 2.01% | 1.64% | 1.22% | 3.08% | 139.84% | 1.12% | 1.23% |
According to 4 Wall Street analysts, Magnolia Oil & Gas's projected average Quarter EPS for Mar 24 is $0.47, with a low estimate of $0.42 and a high estimate of $0.49. This represents a -10.46% decrease compared to MGY previous annual EPS of $0.52 (Dec 23).
Magnolia Oil & Gas Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| VTLE | Vital Energy | $26.43 | $60.83 | 130.16% | Hold |
| CIVI | Civitas Resources | $52.95 | $92.63 | 74.94% | Buy |
| MTDR | Matador Resources Company | $49.84 | $78.00 | 56.50% | Buy |
| CHRD | Chord Energy | $134.05 | $204.38 | 52.47% | Buy |
| PR | Permian Resources | $13.49 | $18.25 | 35.29% | Buy |
| SM | SM Energy Company | $39.16 | $51.64 | 31.87% | Buy |
| MRO | Marathon Oil | $26.13 | $29.32 | 12.21% | Buy |
| RRC | Range Resources | $29.03 | $31.00 | 6.79% | Buy |
| MGY | Magnolia Oil & Gas | $23.84 | $25.31 | 6.17% | Buy |
| HES | Hess | $128.57 | $132.79 | 3.28% | Hold |
| CRK | Comstock Resources | $10.02 | $8.33 | -16.87% | Hold |
MGY Forecast FAQ
Is Magnolia Oil & Gas a good buy?
Yes, according to 6 Wall Street analysts, Magnolia Oil & Gas (MGY) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 3 'Buy' recommendations, accounting for 50.00% of MGY's total ratings.
What is MGY's price target?
Magnolia Oil & Gas (MGY) average price target is $25.31 with a range of $14 to $35, implying a 6.17% from its last price of $23.84. The data is based on 6 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Magnolia Oil & Gas stock go up soon?
According to Wall Street analysts' prediction for MGY stock, the company can go up by 6.17% (from the last price of $23.84 to the average price target of $25.31), up by 46.81% based on the highest stock price target, and down by -41.28% based on the lowest stock price target.
Can Magnolia Oil & Gas stock reach $40?
MGY's average twelve months analyst stock price target of $25.31 does not support the claim that Magnolia Oil & Gas can reach $40 in the near future.
What are Magnolia Oil & Gas's analysts' financial forecasts?
Magnolia Oil & Gas's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $1.42B (high $1.49B, low $1.32B), average EBITDA is $710.45M (high $743.85M, low $661.5M), average net income is $422.95M (high $448.8M, low $385.07M), average SG&A $107.55M (high $112.61M, low $100.14M), and average EPS is $2.29 (high $2.43, low $2.08). MGY's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $1.46B (high $1.52B, low $1.36B), average EBITDA is $727.99M (high $762.22M, low $677.84M), average net income is $474.9M (high $503.92M, low $432.36M), average SG&A $110.21M (high $115.39M, low $102.62M), and average EPS is $2.57 (high $2.72, low $2.34).
Did the MGY's actual financial results beat the analysts' financial forecasts?
Based on Magnolia Oil & Gas's last annual report (Dec 2023), the company's revenue was $1.23B, which missed the average analysts forecast of $1.25B by -2.12%. Apple's EBITDA was $820.27M, beating the average prediction of $552.65M by 48.42%. The company's net income was $388.3M, beating the average estimation of $323.2M by 20.14%. Apple's SG&A was $77.1M, missing the average forecast of $85.77M by -10.10%. Lastly, the company's EPS was $2.06, beating the average prediction of $2.03 by 1.55%. In terms of the last quarterly report (Dec 2023), Magnolia Oil & Gas's revenue was $322.63M, missing the average analysts' forecast of $325.73M by -0.95%. The company's EBITDA was $191.74M, beating the average prediction of $162.88M by 17.72%. Magnolia Oil & Gas's net income was $98.44M, beating the average estimation of $98.26M by 0.19%. The company's SG&A was $53.45M, beating the average forecast of $24.66M by 116.77%. Lastly, the company's EPS was $0.52, missing the average prediction of $0.531 by -2.12%