Investing.com - Magnolia Oil reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Magnolia Oil announced earnings per share of $1.29 on revenue of $482.96M. Analysts polled by Investing.com anticipated EPS of $1.17 on revenue of $450.1M.
Magnolia Oil shares are down 4% from the beginning of the year , still down 15.61% from its 52 week high of $30.31 set on Wednesday, June 8, 2022.
Magnolia Oil shares lost 0.08% in after-hours trade the report.
Magnolia Oil follows other major Energy sector earnings this month
Magnolia Oil's report follows an earnings beat by Exxon Mobil on Friday, who reported EPS of $4.45 on revenue of $112.07B, compared to forecasts EPS of $3.67 on revenue of $107.24B.
Chevron had beat expectations on Friday with third quarter EPS of $5.66 on revenue of $66.64B, compared to forecast for EPS of $4.83 on revenue of $57.03B.
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