Marathon Oil (MRO) Issues Quarterly Earnings Results

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%.

Several brokerages have issued reports on MRO. Zacks Investment Research downgraded Marathon Oil from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. Wolfe Research downgraded Marathon Oil from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 30th. Stifel Nicolaus set a $18.00 price target on Marathon Oil and gave the company a “hold” rating in a report on Tuesday, January 30th. Morgan Stanley raised their price target on Marathon Oil from $15.00 to $21.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $19.80 price target on shares of Marathon Oil in a report on Friday, January 19th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and eleven have assigned a buy rating to the stock. Marathon Oil currently has a consensus rating of “Hold” and an average price target of $17.91.

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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.

Earnings History for Marathon Oil (NYSE:MRO)

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