Analysts forecast that Marathon Oil Co. (NYSE:MRO) will post earnings of $0.19 per share for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Marathon Oil’s earnings, with estimates ranging from $0.01 to $0.33. Marathon Oil posted earnings per share of $0.07 during the same quarter last year, which would indicate a positive year over year growth rate of 171.4%. The business is scheduled to issue its next earnings report after the market closes on Wednesday, February 13th.
According to Zacks, analysts expect that Marathon Oil will report full-year earnings of $0.75 per share for the current year, with EPS estimates ranging from $0.58 to $0.90. For the next fiscal year, analysts forecast that the firm will report earnings of $0.50 per share, with EPS estimates ranging from ($0.43) to $1.70. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Marathon Oil.
Marathon Oil (NYSE:MRO) last issued its quarterly earnings data on Wednesday, November 7th. The oil and gas producer reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.04. The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Marathon Oil had a return on equity of 4.47% and a net margin of 10.94%. Marathon Oil’s revenue was up 33.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.08) earnings per share.
A number of equities analysts have recently weighed in on MRO shares. Royal Bank of Canada set a $27.00 price target on Marathon Oil and gave the stock a “hold” rating in a report on Thursday, September 20th. Morgan Stanley boosted their price target on Marathon Oil from $23.00 to $24.00 and gave the stock a “hold” rating in a report on Wednesday, September 26th. ValuEngine raised Marathon Oil from a “hold” rating to a “buy” rating in a report on Thursday, September 27th. Piper Jaffray Companies reissued an “overweight” rating on shares of Marathon Oil in a report on Friday, September 28th. Finally, JPMorgan Chase & Co. set a $27.00 price target on Marathon Oil and gave the stock a “buy” rating in a report on Monday, October 1st. They noted that the move was a valuation call. Eight analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $24.19.
NYSE MRO opened at $16.11 on Friday. Marathon Oil has a fifty-two week low of $12.57 and a fifty-two week high of $24.20. The firm has a market capitalization of $13.36 billion, a PE ratio of -42.39, a P/E/G ratio of 0.45 and a beta of 2.27. The company has a quick ratio of 1.38, a current ratio of 1.43 and a debt-to-equity ratio of 0.46.
Several large investors have recently made changes to their positions in MRO. Brown Advisory Inc. purchased a new stake in shares of Marathon Oil in the second quarter valued at $201,000. Envestnet Asset Management Inc. grew its position in shares of Marathon Oil by 146.5% in the second quarter. Envestnet Asset Management Inc. now owns 6,973 shares of the oil and gas producer’s stock valued at $146,000 after purchasing an additional 4,144 shares during the period. Glen Harbor Capital Management LLC grew its position in shares of Marathon Oil by 143.6% in the second quarter. Glen Harbor Capital Management LLC now owns 58,192 shares of the oil and gas producer’s stock valued at $1,214,000 after purchasing an additional 34,304 shares during the period. BB&T Securities LLC grew its position in shares of Marathon Oil by 273.8% in the second quarter. BB&T Securities LLC now owns 49,949 shares of the oil and gas producer’s stock valued at $1,041,000 after purchasing an additional 36,588 shares during the period. Finally, Morgan Stanley grew its position in shares of Marathon Oil by 4.7% in the second quarter. Morgan Stanley now owns 1,865,795 shares of the oil and gas producer’s stock valued at $38,920,000 after purchasing an additional 83,242 shares during the period. 81.03% of the stock is owned by institutional investors and hedge funds.
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 E&P and International E&P. 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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