Marathon Oil (MRO) to Release Earnings on Monday
Marathon Oil (NYSE:MRO) will be posting its Q214 quarterly earnings results on Monday, August 4th. Analysts expect Marathon Oil to post earnings of $0.75 per share and revenue of $3.40 billion for the quarter.
Shares of Marathon Oil (NYSE:MRO) opened at 38.75 on Friday. Marathon Oil has a 52-week low of $31.57 and a 52-week high of $40.74. The stock’s 50-day moving average is $39.64 and its 200-day moving average is $36.0. The company has a market cap of $26.198 billion and a P/E ratio of 11.16.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 10th. Shareholders of record on Wednesday, August 20th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Monday, August 18th. This is a positive change from Marathon Oil’s previous quarterly dividend of $0.19.
MRO has been the subject of a number of recent research reports. Analysts at Deutsche Bank raised their price target on shares of Marathon Oil from $46.00 to $49.00 in a research note on Thursday, July 17th. They now have a “buy” rating on the stock. On a related note, analysts at Howard Weil raised their price target on shares of Marathon Oil from $44.00 to $47.00 in a research note on Thursday, July 10th. They now have a “sector outperform” rating on the stock. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Marathon Oil in a research note on Thursday, June 19th. They now have a $47.00 price target on the stock, up previously from $42.00. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $44.50.
Marathon Oil Corporation (NYSE:MRO) is an international energy company engaged in exploration and production, oil sands mining and integrated gas with operations in the United States, Angola, Canada, Equatorial Guinea.
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