Marathon Oil (NYSE:MRO) Posts Earnings Results, Beats Estimates By $0.10 EPS

Marathon Oil (NYSE:MRO) posted its quarterly earnings data on Wednesday. The oil and gas producer reported $0.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.10, reports. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Marathon Oil had a net margin of 16.15% and a return on equity of 6.32%. The firm’s quarterly revenue was down 19.3% on a year-over-year basis. During the same quarter last year, the company posted $0.24 EPS.

Marathon Oil stock traded down $0.03 during mid-day trading on Friday, reaching $12.53. 15,501,400 shares of the company’s stock were exchanged, compared to its average volume of 10,476,142. The company has a market cap of $10.16 billion, a P/E ratio of 17.65, a P/E/G ratio of 2.66 and a beta of 2.26. Marathon Oil has a twelve month low of $11.06 and a twelve month high of $19.30. The company has a quick ratio of 1.06, a current ratio of 1.09 and a debt-to-equity ratio of 0.41. The company has a fifty day moving average of $11.94 and a 200-day moving average of $13.37.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th will be issued a dividend of $0.05 per share. The ex-dividend date is Tuesday, November 19th. This represents a $0.20 dividend on an annualized basis and a yield of 1.60%. Marathon Oil’s dividend payout ratio (DPR) is presently 28.17%.

MRO has been the subject of a number of research analyst reports. Tudor Pickering cut shares of Marathon Oil from a “buy” rating to a “hold” rating and set a $16.00 price objective for the company. in a research report on Tuesday, September 24th. Morgan Stanley lowered their price objective on shares of Marathon Oil from $16.00 to $15.00 and set an “equal weight” rating for the company in a research report on Friday, October 4th. Wells Fargo & Co increased their price objective on shares of Marathon Oil from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. ValuEngine raised shares of Marathon Oil from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Evercore ISI set a $21.00 price objective on shares of Marathon Oil and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $20.24.

About Marathon Oil

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 for Marathon Oil (NYSE:MRO)

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