Marathon Oil (NYSE:MRO) Releases Quarterly Earnings Results


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Marathon Oil (NYSE:MRO) released its quarterly earnings results on Sunday. The oil and gas producer reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.08, MarketWatch Earnings reports. Marathon Oil had a negative return on equity of 6.64% and a negative net margin of 32.64%. The firm had revenue of $830.00 million for the quarter, compared to analysts’ expectations of $846.86 million. During the same quarter last year, the firm posted $0.07 EPS. The company’s revenue was down 31.7% compared to the same quarter last year.

Shares of NYSE MRO traded up $0.67 during mid-day trading on Tuesday, hitting $10.87. 1,755,555 shares of the stock traded hands, compared to its average volume of 28,875,098. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.18 and a current ratio of 1.23. Marathon Oil has a 52 week low of $3.02 and a 52 week high of $10.65. The company has a market cap of $8.58 billion, a price-to-earnings ratio of -6.83 and a beta of 3.36. The stock has a fifty day moving average price of $8.20 and a 200-day moving average price of $6.02.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 10th. Investors of record on Wednesday, February 17th will be given a dividend of $0.03 per share. The ex-dividend date is Tuesday, February 16th. This represents a $0.12 annualized dividend and a dividend yield of 1.10%. Marathon Oil’s dividend payout ratio is presently 16.00%.

Several analysts have weighed in on the company. Mizuho raised Marathon Oil from a “neutral” rating to a “buy” rating and raised their price target for the company from $6.00 to $11.00 in a report on Tuesday, January 12th. Tudor Pickering raised Marathon Oil from a “hold” rating to a “buy” rating in a report on Monday, December 7th. Wells Fargo & Company raised Marathon Oil from an “equal weight” rating to an “overweight” rating and set a $11.00 price objective on the stock in a report on Wednesday, December 16th. Truist raised Marathon Oil from a “hold” rating to a “buy” rating in a report on Thursday, January 14th. Finally, Smith Barney Citigroup raised their price objective on Marathon Oil from $6.00 to $9.00 in a report on Wednesday, January 13th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the stock. Marathon Oil has a consensus rating of “Hold” and an average price target of $7.69.

About Marathon Oil

Marathon Oil Corporation operates as an independent exploration and production company in the United States and Equatorial Guinea. 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, as well as owns and operates 32 central gathering and treating facilities and the Sugarloaf gathering system, a 42-mile natural gas pipeline through Karnes and Atascosa Counties.

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Earnings History for Marathon Oil (NYSE:MRO)

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