Q2 2018 Earnings Forecast for Marathon Oil (MRO) Issued By Capital One Financial

Marathon Oil (NYSE:MRO) – Equities researchers at Capital One Financial increased their Q2 2018 earnings per share (EPS) estimates for shares of Marathon Oil in a note issued to investors on Thursday, April 12th. Capital One Financial analyst P. Johnston now anticipates that the oil and gas producer will earn $0.19 per share for the quarter, up from their previous estimate of $0.13.

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Several other brokerages have also weighed in on MRO. Zacks Investment Research lowered shares of Marathon Oil from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. JPMorgan Chase upgraded shares of Marathon Oil from a “neutral” rating to an “overweight” rating and set a $20.00 price objective on the stock in a report on Monday, March 26th. ValuEngine upgraded shares of Marathon Oil from a “strong sell” rating to a “sell” rating in a report on Thursday, March 22nd. Wolfe Research lowered shares of Marathon Oil from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 30th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $20.00 price objective on shares of Marathon Oil in a report on Tuesday, February 27th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the company. Marathon Oil currently has an average rating of “Hold” and a consensus price target of $18.57.

Shares of NYSE MRO opened at $18.15 on Monday. Marathon Oil has a 1-year low of $10.55 and a 1-year high of $19.52. The stock has a market cap of $15,431.57, a PE ratio of -47.76, a P/E/G ratio of 3.44 and a beta of 2.30. The company has a current ratio of 1.30, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47.

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

Several large investors have recently bought and sold shares of MRO. Elkfork Partners LLC bought a new stake in Marathon Oil in the 4th quarter worth about $592,000. Xact Kapitalforvaltning AB grew its position in Marathon Oil by 11.4% in the 4th quarter. Xact Kapitalforvaltning AB now owns 83,303 shares of the oil and gas producer’s stock worth $1,410,000 after purchasing an additional 8,551 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Marathon Oil by 23.7% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 430,677 shares of the oil and gas producer’s stock worth $7,291,000 after purchasing an additional 82,478 shares in the last quarter. Pin Oak Investment Advisors Inc. bought a new stake in Marathon Oil in the 4th quarter worth about $118,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. grew its position in Marathon Oil by 30.3% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 72,300 shares of the oil and gas producer’s stock worth $1,224,000 after purchasing an additional 16,800 shares in the last quarter. 81.28% of the stock is owned by institutional investors.

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Marathon Oil Company Profile

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.

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

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