Wall Street analysts predict that Marathon Oil Co. (NYSE:MRO) will report sales of $1.30 billion for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Marathon Oil’s earnings, with estimates ranging from $1.12 billion to $1.47 billion. Marathon Oil reported sales of $1.39 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 6.5%. The company is scheduled to issue its next earnings report after the market closes on Wednesday, February 14th.
According to Zacks, analysts expect that Marathon Oil will report full year sales of $1.30 billion for the current fiscal year, with estimates ranging from $4.20 billion to $5.24 billion. For the next financial year, analysts expect that the company will post sales of $5.39 billion per share, with estimates ranging from $4.50 billion to $6.48 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Marathon Oil.
Marathon Oil (NYSE:MRO) last released its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.06. Marathon Oil had a negative net margin of 148.07% and a negative return on equity of 3.02%. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the business earned ($0.23) EPS. The company’s revenue was up 26.5% compared to the same quarter last year.
Several research analysts have issued reports on MRO shares. Morgan Stanley set a $15.00 price target on shares of Marathon Oil and gave the stock a “hold” rating in a report on Wednesday, October 18th. Jefferies Group raised their price target on shares of Marathon Oil from $14.00 to $16.50 and gave the stock a “buy” rating in a report on Friday, November 3rd. BMO Capital Markets set a $17.00 price target on shares of Marathon Oil and gave the stock a “hold” rating in a report on Tuesday, October 10th. Scotiabank set a $19.00 price target on shares of Marathon Oil and gave the stock a “buy” rating in a report on Wednesday, October 4th. Finally, Societe Generale upgraded shares of Marathon Oil from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and thirteen have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $17.91.
Large investors have recently added to or reduced their stakes in the company. Cerebellum GP LLC acquired a new stake in Marathon Oil in the 4th quarter valued at $117,000. FTB Advisors Inc. grew its position in Marathon Oil by 49.8% in the 4th quarter. FTB Advisors Inc. now owns 8,080 shares of the oil and gas producer’s stock valued at $144,000 after purchasing an additional 2,687 shares during the period. Mackenzie Financial Corp acquired a new stake in Marathon Oil in the 3rd quarter valued at $149,000. Valeo Financial Advisors LLC acquired a new stake in Marathon Oil in the 3rd quarter valued at $159,000. Finally, Intact Investment Management Inc. acquired a new stake in Marathon Oil in the 3rd quarter valued at $173,000. Institutional investors own 80.48% of the company’s stock.
Marathon Oil (NYSE:MRO) traded down $0.56 during trading on Friday, reaching $18.06. 12,464,389 shares of the company’s stock traded hands, compared to its average volume of 11,160,000. The company has a current ratio of 2.09, a quick ratio of 2.02 and a debt-to-equity ratio of 0.55. Marathon Oil has a 52-week low of $10.55 and a 52-week high of $19.52. The company has a market cap of $15,340.00, a price-to-earnings ratio of -7.05, a price-to-earnings-growth ratio of 7.70 and a beta of 2.38.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Wednesday, February 21st will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.11%. Marathon Oil’s dividend payout ratio is currently -7.81%.
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Marathon Oil Company Profile
Marathon Oil Corporation is an exploration and production (E&P) company. The Company operates through three segments: North America E&P, International E&P and Oil Sands Mining. The North America E&P segment explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in North America.
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