Marathon Oil (MRO) Given “Buy” Rating at Piper Jaffray Companies

Piper Jaffray Companies reaffirmed their buy rating on shares of Marathon Oil (NYSE:MRO) in a research note released on Wednesday. Piper Jaffray Companies currently has a $35.00 price target on the oil and gas producer’s stock. Piper Jaffray Companies also issued estimates for Marathon Oil’s Q3 2018 earnings at $0.22 EPS, Q4 2018 earnings at $0.29 EPS, FY2018 earnings at $0.84 EPS, Q1 2019 earnings at $0.36 EPS, Q2 2019 earnings at $0.35 EPS, Q3 2019 earnings at $0.40 EPS, Q4 2019 earnings at $0.40 EPS, FY2019 earnings at $1.51 EPS, Q1 2020 earnings at $0.39 EPS, Q2 2020 earnings at $0.34 EPS, Q3 2020 earnings at $0.35 EPS and FY2020 earnings at $1.41 EPS.

MRO has been the topic of a number of other research reports. Jefferies Financial Group reissued a hold rating and issued a $22.80 target price on shares of Marathon Oil in a research report on Wednesday, August 15th. Zacks Investment Research raised Marathon Oil from a hold rating to a buy rating and set a $24.00 target price on the stock in a research report on Tuesday, July 31st. ValuEngine raised Marathon Oil from a hold rating to a buy rating in a research report on Thursday, September 27th. Barclays initiated coverage on Marathon Oil in a research report on Wednesday, August 29th. They issued an overweight rating and a $25.00 target price on the stock. Finally, Royal Bank of Canada set a $27.00 target price on Marathon Oil and gave the company a hold rating in a research report on Thursday, September 20th. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $23.36.

Shares of NYSE MRO traded down $0.10 during mid-day trading on Wednesday, reaching $18.69. 11,082,797 shares of the company’s stock were exchanged, compared to its average volume of 12,765,242. The firm has a market cap of $16.05 billion, a P/E ratio of -49.18, a P/E/G ratio of 1.56 and a beta of 2.40. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.51 and a quick ratio of 1.45. Marathon Oil has a twelve month low of $13.39 and a twelve month high of $24.20.



Marathon Oil (NYSE:MRO) last released its quarterly earnings results on Wednesday, August 1st. The oil and gas producer reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.06). The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. Marathon Oil had a positive return on equity of 2.25% and a negative net margin of 3.03%. The company’s revenue for the quarter was up 33.8% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.24) EPS. Equities analysts anticipate that Marathon Oil will post 0.76 EPS for the current year.

In other Marathon Oil news, VP Thomas Mitchell Little sold 117,333 shares of the firm’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $20.69, for a total value of $2,427,619.77. Following the completion of the transaction, the vice president now directly owns 394,569 shares in the company, valued at $8,163,632.61. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.40% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the business. First Mercantile Trust Co. bought a new position in shares of Marathon Oil during the 2nd quarter worth approximately $111,000. Duncker Streett & Co. Inc. boosted its stake in shares of Marathon Oil by 65.6% during the 3rd quarter. Duncker Streett & Co. Inc. now owns 6,312 shares of the oil and gas producer’s stock worth $147,000 after acquiring an additional 2,500 shares during the period. Centaurus Financial Inc. bought a new position in shares of Marathon Oil during the 2nd quarter worth approximately $133,000. Mount Yale Investment Advisors LLC bought a new position in shares of Marathon Oil during the 2nd quarter worth approximately $133,000. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Marathon Oil by 146.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 6,973 shares of the oil and gas producer’s stock worth $146,000 after acquiring an additional 4,144 shares during the period. Hedge funds and other institutional investors own 80.18% of the company’s stock.

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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