Marathon Oil (NYSE:MRO) announced its quarterly earnings results on Wednesday. The oil and gas producer reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.05, Bloomberg Earnings reports. Marathon Oil had a negative return on equity of 2.21% and a negative net margin of 120.11%. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter last year, the firm posted ($0.10) EPS. The company’s quarterly revenue was up 23.0% on a year-over-year basis.
Marathon Oil (NYSE:MRO) opened at $16.32 on Friday. Marathon Oil has a 12-month low of $10.55 and a 12-month high of $19.52. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.09 and a quick ratio of 2.02. The stock has a market capitalization of $14,401.80, a PE ratio of -2.42, a price-to-earnings-growth ratio of 4.28 and a beta of 2.35.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Wednesday, February 21st will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Tuesday, February 20th. Marathon Oil’s payout ratio is currently -2.97%.
Marathon Oil Company Profile
Marathon Oil Corporation is an exploration and production (E&P) company. The Company operates through three segments: North America E&P, International E&P and Oil Sands Mining. The North America E&P segment explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in North America.
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