Marathon Oil Corporation (MRO) Set to Announce Quarterly Earnings on Wednesday
Marathon Oil Corporation (NYSE:MRO) is set to issue its quarterly earnings data after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of ($0.15) per share for the quarter.
Marathon Oil Corporation (NYSE:MRO) last issued its quarterly earnings results 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). The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Marathon Oil Corporation had a negative net margin of 140.22% and a negative return on equity of 2.86%. The firm’s revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the company posted ($0.23) EPS. On average, analysts expect Marathon Oil Corporation to post $-0.44 EPS for the current fiscal year and $-0.22 EPS for the next fiscal year.
Shares of Marathon Oil Corporation (NYSE:MRO) opened at 13.71 on Wednesday. The company has a 50 day moving average of $13.00 and a 200 day moving average of $12.92. The stock’s market cap is $11.65 billion. Marathon Oil Corporation has a 12 month low of $10.55 and a 12 month high of $19.28.
MRO has been the topic of a number of research reports. Citigroup Inc. raised shares of Marathon Oil Corporation from a “neutral” rating to a “buy” rating and cut their price target for the company from $19.00 to $15.00 in a research note on Wednesday, July 5th. Scotiabank set a $19.00 price target on shares of Marathon Oil Corporation and gave the company a “buy” rating in a research note on Saturday, July 1st. Vetr lowered shares of Marathon Oil Corporation from a “strong-buy” rating to a “buy” rating and set a $14.22 price target on the stock. in a research note on Monday, August 7th. KLR Group reaffirmed a “buy” rating and issued a $23.00 price target (up previously from $21.00) on shares of Marathon Oil Corporation in a research note on Wednesday, August 9th. Finally, Piper Jaffray Companies set a $20.00 price target on shares of Marathon Oil Corporation and gave the company a “buy” rating in a research note on Friday, August 25th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $17.19.
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.
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