A month has gone by since the last earnings report for Magnolia Oil & Gas Corp (MGY). Shares have added about 3.8% in that time frame, underperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Magnolia Oil & Gas Corp due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.
How Have Estimates Been Moving Since Then?
It turns out, estimates revision have trended downward during the past month.
The consensus estimate has shifted -12.04% due to these changes.
VGM Scores
Currently, Magnolia Oil & Gas Corp has a great Growth Score of A, though it is lagging a lot on the Momentum Score front with an F. Charting a somewhat similar path, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise Magnolia Oil & Gas Corp has a Zacks Rank #5 (Strong Sell). We expect a below average return from the stock in the next few months.
Performance of an Industry Player
Magnolia Oil & Gas Corp is part of the Zacks Oil and Gas - Exploration and Production - United States industry. Over the past month, CNX Resources Corporation. (CNX), a stock from the same industry, has gained 5.9%. The company reported its results for the quarter ended March 2025 more than a month ago.
CNX Resources reported revenues of $441 million in the last reported quarter, representing a year-over-year change of +15.8%. EPS of $0.78 for the same period compares with $0.45 a year ago.
For the current quarter, CNX Resources is expected to post earnings of $0.43 per share, indicating a change of +19.4% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.
CNX Resources has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of B.
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Magnolia Oil & Gas Corp (MGY): Free Stock Analysis Report CNX Resources Corporation. (CNX): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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