Analysts predict that Marathon Oil Co. (NYSE:MRO) will post ($0.01) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Marathon Oil’s earnings. The lowest EPS estimate is ($0.11) and the highest is $0.15. Marathon Oil reported earnings per share of ($0.10) in the same quarter last year, which suggests a positive year-over-year growth rate of 90%. The business is expected to report its next quarterly earnings results after the market closes on Wednesday, February 14th.
According to Zacks, analysts expect that Marathon Oil will report full-year earnings of ($0.34) per share for the current financial year, with EPS estimates ranging from ($0.44) to ($0.17). For the next fiscal year, analysts anticipate that the company will post earnings of ($0.05) per share, with EPS estimates ranging from ($0.42) to $0.83. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow Marathon Oil.
Marathon Oil (NYSE:MRO) last issued its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.06. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.04 billion. Marathon Oil had a negative return on equity of 3.02% and a negative net margin of 148.07%. Marathon Oil’s revenue for the quarter was up 26.5% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.23) earnings per share.
Marathon Oil (MRO) opened at $16.90 on Friday. The stock has a market capitalization of $14,360.00, a P/E ratio of -6.60 and a beta of 2.38. The company has a current ratio of 2.09, a quick ratio of 2.02 and a debt-to-equity ratio of 0.55. Marathon Oil has a 1 year low of $10.55 and a 1 year high of $18.35.
The firm also recently announced a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Wednesday, November 15th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $0.20 annualized dividend and a yield of 1.18%. Marathon Oil’s dividend payout ratio (DPR) is -7.81%.
Several hedge funds and other institutional investors have recently modified their holdings of MRO. Macquarie Group Ltd. grew its stake in shares of Marathon Oil by 112.6% in the second quarter. Macquarie Group Ltd. now owns 53,832,125 shares of the oil and gas producer’s stock valued at $637,911,000 after buying an additional 28,514,387 shares in the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of Marathon Oil in the third quarter valued at $81,114,000. Hotchkis & Wiley Capital Management LLC boosted its holdings in Marathon Oil by 10.1% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 41,191,926 shares of the oil and gas producer’s stock valued at $558,563,000 after purchasing an additional 3,767,268 shares during the period. 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 purchasing an additional 2,416,889 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Marathon Oil by 2.1% in the second quarter. Vanguard Group Inc. now owns 86,677,815 shares of the oil and gas producer’s stock valued at $1,027,132,000 after purchasing an additional 1,808,213 shares during the period. 80.34% of the stock is owned by institutional investors and hedge funds.
TRADEMARK VIOLATION WARNING: This piece was first published by American Banking News and is the property of of American Banking News. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international trademark and copyright legislation. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2017/12/23/0-01-earnings-per-share-expected-for-marathon-oil-co-mro-this-quarter.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Marathon Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Oil and related companies with MarketBeat.com's FREE daily email newsletter.