Equities research analysts expect Marathon Oil Co. (NYSE:MRO) to post $1.27 billion in sales for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Marathon Oil’s earnings, with estimates ranging from $1.20 billion to $1.30 billion. Marathon Oil reported sales of $1.77 billion during the same quarter last year, which indicates a negative year over year growth rate of 28.2%. The firm is expected to report its next quarterly earnings report on Wednesday, February 12th.
According to Zacks, analysts expect that Marathon Oil will report full-year sales of $5.17 billion for the current financial year, with estimates ranging from $5.03 billion to $5.27 billion. For the next year, analysts expect that the business will report sales of $5.24 billion, with estimates ranging from $4.89 billion to $5.73 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Marathon Oil.
Marathon Oil (NYSE:MRO) last posted its quarterly earnings results on Wednesday, November 6th. The oil and gas producer reported $0.14 EPS for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.10. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.26 billion. Marathon Oil had a return on equity of 5.56% and a net margin of 15.51%. The company’s revenue for the quarter was down 19.3% compared to the same quarter last year. During the same period last year, the firm earned $0.24 earnings per share.
MRO has been the subject of a number of research reports. ValuEngine downgraded Marathon Oil from a “hold” rating to a “sell” rating in a research note on Tuesday, December 24th. Wells Fargo & Co dropped their price target on Marathon Oil from $18.00 to $17.00 and set an “overweight” rating on the stock in a research report on Thursday, January 9th. Citigroup started coverage on Marathon Oil in a research report on Monday, September 23rd. They set a “neutral” rating and a $13.00 price target on the stock. Bank of America downgraded Marathon Oil from a “buy” rating to a “neutral” rating in a report on Monday, January 6th. Finally, Guggenheim initiated coverage on Marathon Oil in a research report on Tuesday, November 26th. They set a “neutral” rating for the company. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company. Marathon Oil presently has an average rating of “Hold” and an average target price of $17.08.
NYSE:MRO traded up $0.11 during mid-day trading on Monday, reaching $13.41. The stock had a trading volume of 136,852 shares, compared to its average volume of 9,923,100. The company has a market capitalization of $10.54 billion, a price-to-earnings ratio of 18.90, a price-to-earnings-growth ratio of 5.36 and a beta of 2.34. Marathon Oil has a 1-year low of $11.06 and a 1-year high of $18.93. The stock’s 50 day simple moving average is $13.00 and its two-hundred day simple moving average is $12.66. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.06 and a quick ratio of 1.03.
Institutional investors have recently made changes to their positions in the business. Carroll Financial Associates Inc. lifted its stake in shares of Marathon Oil by 15.8% in the 4th quarter. Carroll Financial Associates Inc. now owns 6,196 shares of the oil and gas producer’s stock worth $84,000 after acquiring an additional 844 shares during the period. Moors & Cabot Inc. lifted its stake in Marathon Oil by 7.1% during the third quarter. Moors & Cabot Inc. now owns 16,413 shares of the oil and gas producer’s stock valued at $198,000 after purchasing an additional 1,082 shares during the last quarter. Wetherby Asset Management Inc. boosted its holdings in Marathon Oil by 5.4% during the third quarter. Wetherby Asset Management Inc. now owns 21,297 shares of the oil and gas producer’s stock worth $261,000 after buying an additional 1,085 shares in the last quarter. NuWave Investment Management LLC boosted its holdings in Marathon Oil by 78.0% during the third quarter. NuWave Investment Management LLC now owns 3,138 shares of the oil and gas producer’s stock worth $36,000 after buying an additional 1,375 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd grew its position in Marathon Oil by 41.6% in the second quarter. Harvest Fund Management Co. Ltd now owns 4,826 shares of the oil and gas producer’s stock worth $69,000 after buying an additional 1,419 shares during the last quarter. 82.12% of the stock is currently owned by hedge funds and other institutional investors.
About Marathon Oil
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 and International. 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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