Jefferies Group Comments on Marathon Oil Co.’s FY2019 Earnings (MRO)

Marathon Oil Co. (NYSE:MRO) – Analysts at Jefferies Group lifted their FY2019 earnings per share estimates for Marathon Oil in a research report issued to clients and investors on Friday. Jefferies Group analyst J. Gammel now forecasts that the oil and gas producer will post earnings of $0.42 per share for the year, up from their prior estimate of $0.33. Jefferies Group currently has a “Hold” rating and a $19.80 target price on the stock. Jefferies Group also issued estimates for Marathon Oil’s FY2020 earnings at $0.87 EPS.

Other research analysts also recently issued reports about the company. BMO Capital Markets reiterated a “hold” rating and set a $18.00 price objective on shares of Marathon Oil in a report on Tuesday, November 7th. Barclays increased their price objective on Marathon Oil from $14.00 to $15.00 and gave the stock an “equal weight” rating in a report on Monday, November 20th. JPMorgan Chase & Co. set a $20.00 price objective on Marathon Oil and gave the stock a “hold” rating in a report on Wednesday, January 17th. Scotiabank set a $19.00 price objective on Marathon Oil and gave the stock a “buy” rating in a report on Wednesday, October 4th. Finally, Atlantic Securities upgraded Marathon Oil from a “neutral” rating to an “overweight” rating in a report on Tuesday, December 5th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have given a buy rating to the company. Marathon Oil has an average rating of “Hold” and an average target price of $17.24.

Marathon Oil (MRO) traded up $0.57 during midday trading on Monday, hitting $19.15. The stock had a trading volume of 7,740,000 shares, compared to its average volume of 11,180,000. The firm has a market capitalization of $16,270.00, a price-to-earnings ratio of -7.48, a P/E/G ratio of 10.78 and a beta of 2.38. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.02 and a current ratio of 2.09. Marathon Oil has a 52 week low of $10.55 and a 52 week high of $19.18.

Marathon Oil (NYSE:MRO) last released its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.08) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.06. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates 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 was up 26.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.23) earnings per share.

A number of hedge funds have recently bought and sold shares of the business. Sentry Investment Management LLC grew its stake in Marathon Oil by 1.1% in the second quarter. Sentry Investment Management LLC now owns 66,441 shares of the oil and gas producer’s stock valued at $787,000 after purchasing an additional 702 shares in the last quarter. Nordea Investment Management AB grew its stake in Marathon Oil by 2.7% in the second quarter. Nordea Investment Management AB now owns 45,027 shares of the oil and gas producer’s stock valued at $534,000 after purchasing an additional 1,188 shares in the last quarter. First Allied Advisory Services Inc. grew its stake in Marathon Oil by 4.5% in the second quarter. First Allied Advisory Services Inc. now owns 33,154 shares of the oil and gas producer’s stock valued at $396,000 after purchasing an additional 1,434 shares in the last quarter. Glenview Trust Co grew its stake in Marathon Oil by 13.5% in the second quarter. Glenview Trust Co now owns 13,044 shares of the oil and gas producer’s stock valued at $155,000 after purchasing an additional 1,550 shares in the last quarter. Finally, 1st Global Advisors Inc. grew its stake in Marathon Oil by 3.3% in the second quarter. 1st Global Advisors Inc. now owns 52,744 shares of the oil and gas producer’s stock valued at $625,000 after purchasing an additional 1,686 shares in the last quarter. Hedge funds and other institutional investors own 80.28% of the company’s stock.

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About Marathon Oil

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 and Estimates for Marathon Oil (NYSE:MRO)

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