Marathon Oil (NYSE:MRO) Announces Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Marathon Oil (NYSE:MRO) posted its quarterly earnings data on Sunday. The oil and gas producer reported ($0.12) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.08, MarketWatch Earnings reports. The firm had revenue of $830.00 million for the quarter, compared to the consensus estimate of $846.86 million. Marathon Oil had a negative net margin of 32.64% and a negative return on equity of 6.64%. The business’s revenue for the quarter was down 31.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.07 EPS.

Shares of Marathon Oil stock traded up $0.97 during midday trading on Tuesday, reaching $11.17. 2,565,290 shares of the company’s stock traded hands, compared to its average volume of 28,875,098. The stock has a 50 day moving average of $8.20 and a 200-day moving average of $6.02. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.18 and a current ratio of 1.23. The company has a market cap of $8.82 billion, a PE ratio of -7.78 and a beta of 3.36. Marathon Oil has a 12 month low of $3.02 and a 12 month high of $10.65.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 10th. Investors of record on Wednesday, February 17th will be issued a dividend of $0.03 per share. The ex-dividend date is Tuesday, February 16th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.07%. Marathon Oil’s dividend payout ratio is presently 16.00%.

MRO has been the topic of a number of recent analyst reports. Scotiabank reiterated a “sector perform” rating and set a $7.00 target price (up from $6.00) on shares of Marathon Oil in a research note on Thursday, November 19th. Mizuho upgraded Marathon Oil from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $6.00 to $11.00 in a research note on Tuesday, January 12th. Siebert Williams Shank upgraded Marathon Oil to a “buy” rating and set a $11.00 price objective on the stock in a research note on Tuesday, February 2nd. Morgan Stanley upped their price target on Marathon Oil from $5.00 to $7.00 and gave the company an “underweight” rating in a research report on Friday, December 11th. Finally, Wells Fargo & Company upgraded Marathon Oil from an “equal weight” rating to an “overweight” rating and set a $11.00 price target on the stock in a research report on Wednesday, December 16th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $7.69.

About Marathon Oil

Marathon Oil Corporation operates as an independent exploration and production company in the United States and Equatorial Guinea. 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, as well as owns and operates 32 central gathering and treating facilities and the Sugarloaf gathering system, a 42-mile natural gas pipeline through Karnes and Atascosa Counties.

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Earnings History for Marathon Oil (NYSE:MRO)

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