Marathon Oil (MRO) Scheduled to Post Quarterly Earnings on Wednesday

Marathon Oil (NYSE:MRO) will issue its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.64 per share for the quarter.

Marathon Oil (NYSE:MRO) last issued its quarterly earnings results on Wednesday, August 7th. The oil and gas producer reported $0.63 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.06). The firm had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Marathon Oil had a net margin of 22.12% and a return on equity of 13.81%. The firm’s revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.48 EPS. On average, analysts expect Marathon Oil to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Marathon Oil Stock Down 0.9 %

NYSE:MRO opened at $25.88 on Wednesday. The firm has a market capitalization of $14.48 billion, a price-to-earnings ratio of 10.07 and a beta of 2.16. Marathon Oil has a 1-year low of $21.81 and a 1-year high of $30.06. The company has a current ratio of 0.57, a quick ratio of 0.52 and a debt-to-equity ratio of 0.41. The business’s fifty day moving average price is $27.34 and its 200 day moving average price is $27.53.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Wells Fargo & Company dropped their price target on Marathon Oil from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 1st. Piper Sandler upped their target price on Marathon Oil from $34.00 to $37.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. StockNews.com started coverage on Marathon Oil in a research report on Wednesday. They issued a “buy” rating on the stock. UBS Group dropped their target price on Marathon Oil from $30.00 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 18th. Finally, Barclays dropped their target price on Marathon Oil from $35.00 to $34.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Marathon Oil presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.12.

Insider Buying and Selling at Marathon Oil

In related news, VP Michael A. Henderson sold 38,000 shares of Marathon Oil stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $27.21, for a total value of $1,033,980.00. Following the sale, the vice president now owns 76,828 shares of the company’s stock, valued at approximately $2,090,489.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Marathon Oil news, insider Dane E. Whitehead sold 52,008 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $27.50, for a total transaction of $1,430,220.00. Following the transaction, the insider now owns 100,000 shares of the company’s stock, valued at $2,750,000. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Michael A. Henderson sold 38,000 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $27.21, for a total value of $1,033,980.00. Following the transaction, the vice president now directly owns 76,828 shares in the company, valued at approximately $2,090,489.88. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.35% of the company’s stock.

Marathon Oil Company Profile

Marathon Oil Corporation, an independent exploration and production company, engages in exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas in the United States and internationally. The company also produces and markets products manufactured from natural gas, such as liquefied natural gas and methanol.