Wall Street brokerages expect Marathon Oil Corporation (NYSE:MRO) to announce earnings of ($0.03) per share for the current quarter, according to Zacks. Six analysts have made estimates for Marathon Oil’s earnings, with the lowest EPS estimate coming in at ($0.13) and the highest estimate coming in at $0.15. Marathon Oil posted earnings of ($0.10) per share during the same quarter last year, which indicates a positive year over year growth rate of 70%. The business is scheduled to issue its next earnings report on Wednesday, February 21st.

According to Zacks, analysts expect that Marathon Oil will report full-year earnings of ($0.35) per share for the current financial year, with EPS estimates ranging from ($0.51) to ($0.17). For the next year, analysts expect that the business will post earnings of ($0.12) per share, with EPS estimates ranging from ($0.78) to $0.83. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that that provide coverage for Marathon Oil.

Marathon Oil (NYSE:MRO) last released its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.06. Marathon Oil had a negative return on equity of 3.02% and a negative net margin of 148.07%. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the company posted ($0.23) earnings per share. The business’s revenue for the quarter was up 26.5% compared to the same quarter last year.

Several analysts have recently commented on MRO shares. Vetr cut Marathon Oil from a “strong-buy” rating to a “buy” rating and set a $14.22 target price on the stock. in a report on Monday, August 7th. Jefferies Group restated a “hold” rating and set a $14.00 target price (up previously from $13.00) on shares of Marathon Oil in a report on Wednesday, August 9th. KLR Group restated a “buy” rating and set a $23.00 target price (up previously from $21.00) on shares of Marathon Oil in a report on Wednesday, August 9th. BidaskClub cut Marathon Oil from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Finally, Piper Jaffray Companies set a $20.00 target price on Marathon Oil and gave the stock a “buy” rating in a report on Friday, August 25th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $16.90.

A number of institutional investors have recently bought and sold shares of the stock. AXA boosted its holdings in Marathon Oil by 735.2% in the third quarter. AXA now owns 2,745,649 shares of the oil and gas producer’s stock valued at $37,231,000 after acquiring an additional 2,416,889 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new position in Marathon Oil in the third quarter valued at about $399,000. GeoSphere Capital Management bought a new position in Marathon Oil in the third quarter valued at about $484,000. California Public Employees Retirement System boosted its holdings in Marathon Oil by 3.9% during the third quarter. California Public Employees Retirement System now owns 2,368,770 shares of the oil and gas producer’s stock worth $32,121,000 after buying an additional 88,235 shares during the last quarter. Finally, Valeo Financial Advisors LLC bought a new position in Marathon Oil during the third quarter worth about $159,000. Institutional investors and hedge funds own 80.65% of the company’s stock.

Marathon Oil (NYSE:MRO) opened at $14.90 on Tuesday. The company has a quick ratio of 2.02, a current ratio of 2.09 and a debt-to-equity ratio of 0.55. Marathon Oil has a 12 month low of $10.55 and a 12 month high of $19.28.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Wednesday, November 15th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Tuesday, November 14th. Marathon Oil’s dividend payout ratio is -2.40%.

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

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