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.
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%.
COPYRIGHT VIOLATION WARNING: This story was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this story on another publication, it was stolen and reposted in violation of US & international copyright and trademark legislation. The legal version of this story can be read at https://www.dispatchtribunal.com/2018/04/08/zacks-analysts-expect-marathon-oil-co-mro-will-post-earnings-of-0-12-per-share.html.
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.
Get a free copy of the Zacks research report on Marathon Oil (MRO)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Marathon Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Oil and related companies with MarketBeat.com's FREE daily email newsletter.