Zacks: Brokerages Anticipate Marathon Oil Co. (NYSE:MRO) Will Post Earnings of $0.06 Per Share

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Brokerages predict that Marathon Oil Co. (NYSE:MRO) will post $0.06 earnings per share for the current quarter, Zacks reports. Six analysts have made estimates for Marathon Oil’s earnings, with the highest EPS estimate coming in at $0.24 and the lowest estimate coming in at $0.00. Marathon Oil posted earnings of $0.15 per share during the same quarter last year, which would indicate a negative year over year growth rate of 60%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, February 12th.

On average, analysts expect that Marathon Oil will report full-year earnings of $0.69 per share for the current financial year, with EPS estimates ranging from $0.54 to $0.94. For the next year, analysts forecast that the company will post earnings of $0.23 per share, with EPS estimates ranging from ($0.16) to $0.50. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Marathon Oil.

Marathon Oil (NYSE:MRO) last released its quarterly earnings results on Wednesday, November 6th. The oil and gas producer reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.10. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.26 billion. Marathon Oil had a return on equity of 5.56% and a net margin of 15.51%. The firm’s quarterly revenue was down 19.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.24 EPS.

A number of research analysts recently issued reports on MRO shares. Guggenheim started coverage on Marathon Oil in a research note on Tuesday, November 26th. They set a “neutral” rating on the stock. Morgan Stanley lowered their target price on Marathon Oil from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Friday, October 4th. Citigroup assumed coverage on Marathon Oil in a research note on Monday, September 23rd. They issued a “neutral” rating and a $13.00 target price on the stock. Evercore ISI set a $21.00 target price on Marathon Oil and gave the company a “hold” rating in a research note on Wednesday, August 7th. Finally, Wells Fargo & Co lifted their target price on Marathon Oil from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Friday, September 20th. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Marathon Oil has a consensus rating of “Buy” and a consensus target price of $19.86.

NYSE:MRO traded up $0.41 during mid-day trading on Wednesday, reaching $12.17. 12,498,051 shares of the stock were exchanged, compared to its average volume of 11,648,486. The company has a 50 day simple moving average of $11.93 and a 200-day simple moving average of $12.83. The stock has a market capitalization of $9.74 billion, a P/E ratio of 17.14, a P/E/G ratio of 2.18 and a beta of 2.31. The company has a quick ratio of 1.03, a current ratio of 1.06 and a debt-to-equity ratio of 0.40. Marathon Oil has a 1 year low of $11.06 and a 1 year high of $18.93.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $0.20 annualized dividend and a dividend yield of 1.64%. Marathon Oil’s dividend payout ratio (DPR) is currently 28.17%.

Several hedge funds have recently made changes to their positions in MRO. River Wealth Advisors LLC raised its holdings in Marathon Oil by 3.8% during the second quarter. River Wealth Advisors LLC now owns 20,973 shares of the oil and gas producer’s stock worth $298,000 after purchasing an additional 765 shares during the last quarter. OLD National Bancorp IN raised its holdings in Marathon Oil by 5.0% during the second quarter. OLD National Bancorp IN now owns 17,990 shares of the oil and gas producer’s stock worth $255,000 after purchasing an additional 852 shares during the last quarter. Moors & Cabot Inc. raised its holdings in Marathon Oil by 7.1% during the third quarter. Moors & Cabot Inc. now owns 16,413 shares of the oil and gas producer’s stock worth $198,000 after purchasing an additional 1,082 shares during the last quarter. Wetherby Asset Management Inc. raised its holdings in Marathon Oil by 5.4% during the third quarter. Wetherby Asset Management Inc. now owns 21,297 shares of the oil and gas producer’s stock worth $261,000 after purchasing an additional 1,085 shares during the last quarter. Finally, Hallmark Capital Management Inc. raised its holdings in Marathon Oil by 8.9% during the second quarter. Hallmark Capital Management Inc. now owns 13,420 shares of the oil and gas producer’s stock worth $191,000 after purchasing an additional 1,100 shares during the last quarter. Institutional investors own 82.47% of the company’s stock.

About Marathon Oil

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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