Analysts expect that Marathon Oil Co. (NYSE:MRO) will post $0.06 earnings per share (EPS) for the current quarter, Zacks reports. Six analysts have provided estimates for Marathon Oil’s earnings. The lowest EPS estimate is $0.00 and the highest is $0.24. Marathon Oil posted earnings of $0.15 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 60%. The business is expected to report its next earnings report 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 financial year, analysts forecast that the business will post earnings of $0.23 per share, with EPS estimates ranging from ($0.16) to $0.50. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Marathon Oil.
Marathon Oil (NYSE:MRO) last announced its earnings results on Wednesday, November 6th. The oil and gas producer reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.10. Marathon Oil had a net margin of 15.51% and a return on equity of 5.56%. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the previous year, the business posted $0.24 earnings per share. Marathon Oil’s revenue for the quarter was down 19.3% on a year-over-year basis.
Several brokerages have issued reports on MRO. Guggenheim began coverage on shares of Marathon Oil in a research report on Tuesday, November 26th. They set a “neutral” rating for the company. Wells Fargo & Co lifted their target price on shares of Marathon Oil from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Friday, September 20th. Evercore ISI set a $21.00 target price on shares of Marathon Oil and gave the company a “hold” rating in a research report on Wednesday, August 7th. Tudor Pickering lowered shares of Marathon Oil from a “buy” rating to a “hold” rating and set a $16.00 target price for the company. in a research report on Tuesday, September 24th. Finally, ValuEngine upgraded shares of Marathon Oil from a “sell” rating to a “hold” rating in a research report on Tuesday. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Marathon Oil has a consensus rating of “Buy” and a consensus price target of $19.86.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Man Group plc lifted its holdings in shares of Marathon Oil by 212.2% in the 3rd quarter. Man Group plc now owns 937,597 shares of the oil and gas producer’s stock worth $11,504,000 after acquiring an additional 637,242 shares during the last quarter. Squarepoint Ops LLC raised its holdings in Marathon Oil by 391.5% during the 3rd quarter. Squarepoint Ops LLC now owns 757,429 shares of the oil and gas producer’s stock valued at $9,294,000 after buying an additional 603,329 shares during the last quarter. Voloridge Investment Management LLC bought a new stake in Marathon Oil during the 3rd quarter valued at $4,911,000. National Pension Service raised its holdings in Marathon Oil by 5.4% during the 3rd quarter. National Pension Service now owns 1,147,811 shares of the oil and gas producer’s stock valued at $14,084,000 after buying an additional 58,430 shares during the last quarter. Finally, Banco de Sabadell S.A raised its holdings in Marathon Oil by 4.3% during the 3rd quarter. Banco de Sabadell S.A now owns 229,149 shares of the oil and gas producer’s stock valued at $2,781,000 after buying an additional 9,460 shares during the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.
Marathon Oil stock traded up $0.41 during mid-day trading on Wednesday, hitting $12.17. 12,498,051 shares of the company traded hands, compared to its average volume of 11,648,486. Marathon Oil has a one year low of $11.06 and a one year high of $18.93. The stock has a market cap of $9.74 billion, a price-to-earnings ratio of 17.14, a price-to-earnings-growth ratio of 2.18 and a beta of 2.31. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.03 and a current ratio of 1.06. The stock has a fifty day moving average price of $11.93 and a 200-day moving average price of $12.83.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be issued a $0.05 dividend. The ex-dividend date is Tuesday, November 19th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.64%. Marathon Oil’s payout ratio is 28.17%.
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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