Marathon Oil Corporation (NYSE:MRO) released its earnings results on Wednesday. The oil and gas producer reported ($0.08) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.06, Bloomberg Earnings reports. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.04 billion. Marathon Oil Corporation had a negative return on equity of 2.86% and a negative net margin of 140.22%. The company’s revenue for the quarter was up 26.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.23) earnings per share.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Tuesday, November 14th. Marathon Oil Corporation’s dividend payout ratio is -2.55%.

TRADEMARK VIOLATION WARNING: This piece of content was reported by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. & international copyright and trademark laws. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/11/01/marathon-oil-corporation-mro-issues-quarterly-earnings-results-beats-expectations-by-0-07-eps.html.

A number of analysts have recently issued reports on MRO shares. Zacks Investment Research upgraded Marathon Oil Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Jefferies Group LLC restated a “hold” rating and issued a $14.00 target price on shares of Marathon Oil Corporation in a report on Thursday, October 19th. Royal Bank Of Canada set a $16.00 price target on shares of Marathon Oil Corporation and gave the stock a “hold” rating in a research note on Wednesday, October 11th. Citigroup Inc. raised shares of Marathon Oil Corporation from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $19.00 to $15.00 in a research note on Wednesday, July 5th. Finally, Scotiabank reaffirmed a “buy” rating and issued a $19.00 price target on shares of Marathon Oil Corporation in a research note on Thursday, August 3rd. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price 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.

Earnings History 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.