Zacks: Analysts Anticipate Marathon Oil Co. (MRO) Will Announce Earnings of $0.18 Per Share

Analysts forecast that Marathon Oil Co. (NYSE:MRO) will report earnings of $0.18 per share for the current quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Marathon Oil’s earnings, with the highest EPS estimate coming in at $0.31 and the lowest estimate coming in at $0.10. Marathon Oil reported earnings of $0.15 per share in the same quarter last year, which would indicate a positive year over year growth rate of 20%. The firm is expected to issue its next earnings results on Wednesday, August 7th.

According to Zacks, analysts expect that Marathon Oil will report full year earnings of $0.82 per share for the current fiscal year, with EPS estimates ranging from $0.42 to $1.33. For the next fiscal year, analysts anticipate that the company will report earnings of $0.94 per share, with EPS estimates ranging from $0.31 to $2.32. Zacks’ EPS averages are an average based on a survey of analysts that follow Marathon Oil.

Marathon Oil (NYSE:MRO) last posted its quarterly earnings data on Wednesday, May 1st. The oil and gas producer reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.24. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.25 billion. Marathon Oil had a net margin of 15.12% and a return on equity of 5.80%. The company’s revenue was down 30.9% on a year-over-year basis. During the same quarter last year, the business posted $0.18 EPS.

A number of equities research analysts have issued reports on MRO shares. Royal Bank of Canada raised shares of Marathon Oil from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $22.00 to $23.00 in a research note on Tuesday, April 16th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Marathon Oil in a research note on Tuesday, March 5th. Zacks Investment Research lowered shares of Marathon Oil from a “buy” rating to a “hold” rating in a research note on Monday, April 22nd. Morgan Stanley set a $19.00 target price on shares of Marathon Oil and gave the company a “hold” rating in a research note on Wednesday, May 8th. Finally, Barclays decreased their target price on shares of Marathon Oil from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Thursday, April 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company. Marathon Oil presently has a consensus rating of “Buy” and an average price target of $23.20.

Shares of NYSE:MRO opened at $13.62 on Tuesday. The firm has a market cap of $11.72 billion, a price-to-earnings ratio of 19.18, a P/E/G ratio of 2.24 and a beta of 2.23. Marathon Oil has a 12-month low of $12.57 and a 12-month high of $24.20. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.49 and a quick ratio of 1.45.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.47%. Marathon Oil’s dividend payout ratio is currently 28.17%.

Several institutional investors have recently added to or reduced their stakes in MRO. Executive Wealth Management LLC bought a new position in shares of Marathon Oil during the 4th quarter valued at $27,000. JNBA Financial Advisors bought a new position in shares of Marathon Oil during the 4th quarter valued at $29,000. Golden State Wealth Management LLC bought a new position in shares of Marathon Oil during the 1st quarter valued at $29,000. Semmax Financial Advisors Inc. raised its holdings in shares of Marathon Oil by 181.1% during the 1st quarter. Semmax Financial Advisors Inc. now owns 1,855 shares of the oil and gas producer’s stock valued at $31,000 after purchasing an additional 1,195 shares in the last quarter. Finally, Osborn Williams & Donohoe LLC bought a new position in shares of Marathon Oil during the 1st quarter valued at $34,000. Institutional investors and hedge funds own 82.00% 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 and International. 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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Earnings History and Estimates for Marathon Oil (NYSE:MRO)

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