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

• 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)