Zacks: Analysts Expect Marathon Oil Co. (MRO) Will Post Earnings of $0.12 Per Share

Wall Street brokerages predict that Marathon Oil Co. (NYSE:MRO) will report earnings of $0.12 per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Marathon Oil’s earnings, with estimates ranging from $0.03 to $0.22. Marathon Oil posted earnings of ($0.07) per share in the same quarter last year, which suggests a positive year over year growth rate of 271.4%. The firm is expected to report its next quarterly earnings report on Thursday, May 3rd.

According to Zacks, analysts expect that Marathon Oil will report full year earnings of $0.47 per share for the current financial year, with EPS estimates ranging from $0.02 to $1.17. For the next fiscal year, analysts expect that the business will report earnings of $0.37 per share, with EPS estimates ranging from ($0.15) to $0.87. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Marathon Oil.

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Marathon Oil (NYSE:MRO) last released its quarterly earnings data on Wednesday, February 14th. The oil and gas producer reported $0.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.05. Marathon Oil had a negative net margin of 120.11% and a negative return on equity of 2.24%. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period last year, the firm earned ($0.10) earnings per share. The company’s quarterly revenue was up 23.0% on a year-over-year basis.

Several equities research analysts have weighed in on MRO shares. Bank of America upgraded shares of Marathon Oil from a “neutral” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Thursday, January 4th. Seaport Global Securities upgraded shares of Marathon Oil from a “sell” rating to a “buy” rating in a research note on Tuesday, December 19th. Zacks Investment Research upgraded shares of Marathon Oil from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Monday, January 15th. R. F. Lafferty restated a “buy” rating and issued a $27.00 target price (up from $26.00) on shares of Marathon Oil in a research note on Tuesday, February 20th. Finally, Barclays raised their target price on shares of Marathon Oil from $14.00 to $15.00 and gave the company an “equal weight” rating in a research note on Monday, November 20th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $18.23.

Several institutional investors have recently modified their holdings of the stock. FTB Advisors Inc. raised its holdings in shares of Marathon Oil by 49.8% during the fourth quarter. FTB Advisors Inc. now owns 8,080 shares of the oil and gas producer’s stock worth $144,000 after purchasing an additional 2,687 shares during the last quarter. Gabelli Funds LLC raised its holdings in shares of Marathon Oil by 0.7% during the fourth quarter. Gabelli Funds LLC now owns 452,700 shares of the oil and gas producer’s stock worth $7,664,000 after purchasing an additional 3,200 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Marathon Oil by 2.7% during the third quarter. Van ECK Associates Corp now owns 136,163 shares of the oil and gas producer’s stock worth $1,846,000 after purchasing an additional 3,517 shares during the last quarter. AMP Capital Investors Ltd raised its holdings in shares of Marathon Oil by 1.2% during the third quarter. AMP Capital Investors Ltd now owns 306,982 shares of the oil and gas producer’s stock worth $4,164,000 after purchasing an additional 3,521 shares during the last quarter. Finally, Boulegeris Investments Inc. raised its holdings in shares of Marathon Oil by 5.7% during the fourth quarter. Boulegeris Investments Inc. now owns 65,995 shares of the oil and gas producer’s stock worth $1,117,000 after purchasing an additional 3,566 shares during the last quarter. 81.25% of the stock is owned by hedge funds and other institutional investors.

Shares of Marathon Oil (MRO) opened at $15.12 on Friday. The firm has a market cap of $12,635.87, a P/E ratio of -2.25, a price-to-earnings-growth ratio of 3.04 and a beta of 2.43. Marathon Oil has a one year low of $10.55 and a one year high of $19.52. The company has a quick ratio of 1.24, a current ratio of 1.30 and a debt-to-equity ratio of 0.47.

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 12th. Stockholders of record on Wednesday, February 21st were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $0.20 annualized dividend and a dividend yield of 1.32%. Marathon Oil’s payout ratio is currently -2.97%.

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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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Earnings History and Estimates for Marathon Oil (NYSE:MRO)

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