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.
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.
ILLEGAL ACTIVITY NOTICE: “Q2 2018 Earnings Forecast for Marathon Oil (MRO) Issued By Capital One Financial” was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this news story on another site, it was stolen and reposted in violation of US and international copyright and trademark laws. The original version of this news story can be viewed at https://www.dispatchtribunal.com/2018/04/18/q2-2018-earnings-forecast-for-marathon-oil-mro-issued-by-capital-one-financial.html.
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.
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.