Marathon Oil (MRO) Scheduled to Post Earnings on Wednesday

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Marathon Oil (NYSE:MRO) is set to announce its earnings results after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of $0.18 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Marathon Oil stock opened at $12.50 on Tuesday. The firm’s fifty day moving average is $13.74. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.45 and a current ratio of 1.49. Marathon Oil has a 12 month low of $12.46 and a 12 month high of $24.20. The stock has a market cap of $10.59 billion, a PE ratio of 17.61, a P/E/G ratio of 2.77 and a beta of 2.25.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.60%. The ex-dividend date is Tuesday, August 20th. Marathon Oil’s dividend payout ratio is currently 28.17%.

Several equities analysts have recently commented on MRO shares. Barclays lowered their price target on shares of Marathon Oil from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Thursday, April 11th. Capital One Financial upgraded shares of Marathon Oil from an “equal weight” rating to an “overweight” rating in a report on Thursday, May 23rd. Morgan Stanley lowered their price target on shares of Marathon Oil from $17.00 to $16.00 and set an “equal weight” rating on the stock in a report on Friday, July 12th. Seaport Global Securities restated a “buy” rating on shares of Marathon Oil in a report on Friday, June 21st. Finally, ValuEngine upgraded shares of Marathon Oil from a “strong sell” rating to a “sell” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $22.45.

Marathon Oil Company Profile

Marathon Oil Corporation operates as an energy company in the United States, Equatorial Guinea, the United Kingdom, and Libya. It operates in two segments, United States and International. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol.

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Earnings History for Marathon Oil (NYSE:MRO)

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