Brokerages Expect Marathon Oil Co. (MRO) to Announce $0.14 Earnings Per Share

Analysts expect Marathon Oil Co. (NYSE:MRO) to announce $0.14 earnings per share for the current quarter, according to Zacks. Seven analysts have issued estimates for Marathon Oil’s earnings, with the highest EPS estimate coming in at $0.16 and the lowest estimate coming in at $0.08. Marathon Oil posted earnings of $0.07 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 100%. The company is scheduled to issue its next earnings report after the market closes on Wednesday, February 13th.

According to Zacks, analysts expect that Marathon Oil will report full-year earnings of $0.70 per share for the current financial year, with EPS estimates ranging from $0.64 to $0.75. For the next fiscal year, analysts expect that the company will report earnings of $0.21 per share, with EPS estimates ranging from ($0.32) to $0.80. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Marathon Oil.

Marathon Oil (NYSE:MRO) last announced its quarterly earnings results on Wednesday, November 7th. The oil and gas producer reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.04. Marathon Oil had a net margin of 10.94% and a return on equity of 4.47%. The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the prior year, the company earned ($0.08) EPS. The company’s revenue was up 33.1% compared to the same quarter last year.

MRO has been the subject of several research reports. Morgan Stanley lowered their price target on shares of Marathon Oil from $25.00 to $20.00 and set a “hold” rating for the company in a research report on Tuesday, November 20th. BMO Capital Markets set a $22.00 target price on shares of Marathon Oil and gave the company a “buy” rating in a research report on Monday, November 12th. Raymond James reissued a “buy” rating and set a $24.00 target price on shares of Marathon Oil in a research report on Monday, December 24th. Barclays set a $25.00 target price on shares of Marathon Oil and gave the company a “buy” rating in a research report on Friday, October 26th. Finally, MKM Partners began coverage on shares of Marathon Oil in a research report on Wednesday, December 5th. They set a “buy” rating and a $26.00 target price for the company. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $23.99.

Institutional investors have recently modified their holdings of the business. Legacy Financial Advisors Inc. acquired a new position in Marathon Oil during the 4th quarter valued at approximately $25,000. We Are One Seven LLC acquired a new position in Marathon Oil during the 4th quarter valued at approximately $42,000. Gemmer Asset Management LLC increased its stake in Marathon Oil by 197.4% during the 4th quarter. Gemmer Asset Management LLC now owns 4,104 shares of the oil and gas producer’s stock valued at $59,000 after purchasing an additional 2,724 shares in the last quarter. Ipswich Investment Management Co. Inc. acquired a new position in Marathon Oil during the 4th quarter valued at approximately $62,000. Finally, Csenge Advisory Group acquired a new position in Marathon Oil during the 3rd quarter valued at approximately $92,000. Institutional investors and hedge funds own 81.00% of the company’s stock.

Shares of MRO opened at $15.94 on Friday. Marathon Oil has a fifty-two week low of $12.57 and a fifty-two week high of $24.20. The company has a market capitalization of $13.43 billion, a PE ratio of 25.23, a price-to-earnings-growth ratio of 2.65 and a beta of 2.22. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.43 and a quick ratio of 1.38.

The business also recently declared a quarterly dividend, which will be paid on Monday, March 11th. Shareholders of record on Wednesday, February 20th will be paid a dividend of $0.05 per share. The ex-dividend date is Tuesday, February 19th. This represents a $0.20 dividend on an annualized basis and a yield of 1.25%. Marathon Oil’s payout ratio is -52.63%.

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 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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