Marathon Oil (NYSE:MRO) – Research analysts at Piper Jaffray increased their FY2018 earnings estimates for shares of Marathon Oil in a report released on Sunday, April 22nd. Piper Jaffray analyst G. Baber now anticipates that the oil and gas producer will post earnings per share of $0.70 for the year, up from their previous forecast of $0.56. Piper Jaffray also issued estimates for Marathon Oil’s FY2019 earnings at $0.58 EPS and FY2020 earnings at $0.60 EPS.
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, topping the Zacks’ consensus estimate of $0.02 by $0.05. Marathon Oil had a negative return on equity of 2.24% and a negative net margin of 120.11%. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the previous year, the company posted ($0.10) EPS. The company’s revenue was up 23.0% compared to the same quarter last year.
MRO has been the topic of a number of other research reports. Royal Bank of Canada set a $21.00 price objective on Marathon Oil and gave the stock a “hold” rating in a research note on Friday, April 13th. Bank of America raised Marathon Oil from a “neutral” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Thursday, January 4th. Jefferies Group reaffirmed a “hold” rating and issued a $19.80 price objective on shares of Marathon Oil in a research note on Friday, January 19th. Stifel Nicolaus set a $19.00 price objective on Marathon Oil and gave the stock a “hold” rating in a research note on Wednesday, March 28th. Finally, Zacks Investment Research downgraded Marathon Oil from a “buy” rating to a “hold” rating in a research note on Thursday, February 8th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $18.52.
NYSE:MRO opened at $17.97 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24 and a current ratio of 1.30. Marathon Oil has a 1 year low of $10.55 and a 1 year high of $19.52. The company has a market capitalization of $15,278.61, a price-to-earnings ratio of -47.29, a PEG ratio of 3.11 and a beta of 2.30.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in MRO. DnB Asset Management AS increased its position in shares of Marathon Oil by 7.0% during the 4th quarter. DnB Asset Management AS now owns 97,409 shares of the oil and gas producer’s stock valued at $1,649,000 after purchasing an additional 6,400 shares during the last quarter. F&V Capital Management LLC boosted its holdings in Marathon Oil by 73.0% during the 4th quarter. F&V Capital Management LLC now owns 306,085 shares of the oil and gas producer’s stock valued at $5,182,000 after acquiring an additional 129,195 shares during the period. Country Trust Bank boosted its holdings in Marathon Oil by 904.9% during the 4th quarter. Country Trust Bank now owns 13,888 shares of the oil and gas producer’s stock valued at $235,000 after acquiring an additional 12,506 shares during the period. Hexavest Inc. boosted its holdings in Marathon Oil by 0.9% during the 4th quarter. Hexavest Inc. now owns 1,011,219 shares of the oil and gas producer’s stock valued at $17,120,000 after acquiring an additional 8,917 shares during the period. Finally, First Hawaiian Bank purchased a new position in Marathon Oil during the 4th quarter valued at $178,000. 81.17% of the stock is currently owned by hedge funds and other 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.
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