Wall Street analysts forecast that Marathon Oil Corporation (NYSE:MRO) will post sales of $979.56 million for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for Marathon Oil Corporation’s earnings, with the lowest sales estimate coming in at $810.12 million and the highest estimate coming in at $1.17 billion. Marathon Oil Corporation posted sales of $1.23 billion during the same quarter last year, which suggests a negative year over year growth rate of 20.4%. The firm is scheduled to report its next earnings report on Wednesday, November 1st.

On average, analysts expect that Marathon Oil Corporation will report full-year sales of $979.56 million for the current year, with estimates ranging from $3.48 billion to $5.09 billion. For the next financial year, analysts anticipate that the firm will post sales of $4.56 billion per share, with estimates ranging from $3.99 billion to $6.10 billion. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for Marathon Oil Corporation.

Marathon Oil Corporation (NYSE:MRO) last released its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported ($0.24) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by $0.10. Marathon Oil Corporation had a negative net margin of 140.22% and a negative return on equity of 2.86%. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the business earned ($0.23) EPS. Marathon Oil Corporation’s revenue for the quarter was down 4.0% compared to the same quarter last year.

Several brokerages have issued reports on MRO. Scotiabank set a $21.00 target price on shares of Marathon Oil Corporation and gave the stock a “buy” rating in a research note on Saturday, May 6th. Barclays PLC set a $11.00 target price on shares of Marathon Oil Corporation and gave the stock a “hold” rating in a research note on Friday, August 4th. Vetr cut shares of Marathon Oil Corporation from a “strong-buy” rating to a “buy” rating and set a $14.22 target price on the stock. in a research note on Monday, August 7th. KLR Group reaffirmed a “buy” rating and set a $23.00 target price (up previously from $21.00) on shares of Marathon Oil Corporation in a research note on Wednesday, August 9th. Finally, Jefferies Group LLC set a $16.00 target price on shares of Marathon Oil Corporation and gave the stock a “hold” rating in a research note on Saturday, June 24th. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $17.30.

Several hedge funds have recently added to or reduced their stakes in the company. Gulf International Bank UK Ltd raised its stake in Marathon Oil Corporation by 1.5% in the first quarter. Gulf International Bank UK Ltd now owns 261,245 shares of the oil and gas producer’s stock worth $4,127,000 after buying an additional 3,900 shares during the last quarter. National Pension Service acquired a new position in shares of Marathon Oil Corporation during the first quarter worth about $12,622,000. Bank of Montreal Can increased its position in shares of Marathon Oil Corporation by 91.1% in the first quarter. Bank of Montreal Can now owns 2,091,771 shares of the oil and gas producer’s stock worth $33,050,000 after buying an additional 997,175 shares during the period. Eastern Bank acquired a new position in shares of Marathon Oil Corporation during the first quarter worth about $337,000. Finally, Viking Fund Management LLC acquired a new position in shares of Marathon Oil Corporation during the first quarter worth about $3,792,000. Hedge funds and other institutional investors own 80.22% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Brokerages Anticipate Marathon Oil Corporation (NYSE:MRO) Will Post Quarterly Sales of $979.56 Million” was first reported by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this piece of content can be read at https://www.americanbankingnews.com/2017/08/15/brokerages-anticipate-marathon-oil-corporation-nysemro-will-post-quarterly-sales-of-979-56-million.html.

Marathon Oil Corporation (MRO) opened at 11.63 on Tuesday. The firm’s 50-day moving average is $11.92 and its 200 day moving average is $14.19. The company’s market cap is $9.88 billion. Marathon Oil Corporation has a 52-week low of $11.20 and a 52-week high of $19.28.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Wednesday, August 16th will be paid a dividend of $0.05 per share. The ex-dividend date is Monday, August 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.72%. Marathon Oil Corporation’s payout ratio is -2.55%.

Marathon Oil Corporation 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.

Get a free copy of the Zacks research report on Marathon Oil Corporation (MRO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Marathon Oil Corporation (NYSE:MRO)

Receive News & Ratings for Marathon Oil Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Oil Corporation and related companies with MarketBeat.com's FREE daily email newsletter.