Brokerages Anticipate Marathon Oil Co. (MRO) to Announce $0.02 EPS

Wall Street brokerages predict that Marathon Oil Co. (NYSE:MRO) will announce earnings per share of $0.02 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Marathon Oil’s earnings, with the highest EPS estimate coming in at $0.09 and the lowest estimate coming in at ($0.07). Marathon Oil reported earnings per share of ($0.10) during the same quarter last year, which suggests a positive year over year growth rate of 120%. The firm is scheduled to issue its next earnings report after the market closes on Wednesday, February 14th.

On average, analysts expect that Marathon Oil will report full year earnings of ($0.32) per share for the current year, with EPS estimates ranging from ($0.43) to ($0.23). For the next financial year, analysts forecast that the business will report earnings of $0.31 per share, with EPS estimates ranging from ($0.17) to $1.02. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that that provide coverage for Marathon Oil.

A number of brokerages recently commented on MRO. Zacks Investment Research downgraded shares of Marathon Oil from a “buy” rating to a “hold” rating in a research note on Thursday. Wolfe Research downgraded shares of Marathon Oil from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 30th. Stifel Nicolaus set a $18.00 price objective on shares of Marathon Oil and gave the stock a “hold” rating in a research note on Tuesday, January 30th. Morgan Stanley boosted their price objective on shares of Marathon Oil from $15.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Finally, Jefferies Group reissued a “hold” rating and issued a $19.80 price objective on shares of Marathon Oil in a research note on Friday, January 19th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $17.91.

Several hedge funds have recently modified their holdings of MRO. Cerebellum GP LLC acquired a new position in shares of Marathon Oil during the fourth quarter worth $117,000. FTB Advisors Inc. increased its position in shares of Marathon Oil by 49.8% during the fourth quarter. FTB Advisors Inc. now owns 8,080 shares of the oil and gas producer’s stock worth $144,000 after purchasing an additional 2,687 shares in the last quarter. Mackenzie Financial Corp acquired a new position in shares of Marathon Oil during the third quarter worth $149,000. Valeo Financial Advisors LLC acquired a new position in shares of Marathon Oil during the third quarter worth $159,000. Finally, Intact Investment Management Inc. acquired a new position in shares of Marathon Oil in the 3rd quarter valued at $173,000. 80.52% of the stock is currently owned by institutional investors and hedge funds.

Shares of Marathon Oil (MRO) traded down $0.17 during trading hours on Friday, reaching $15.51. 17,695,555 shares of the company were exchanged, compared to its average volume of 11,538,114. The company has a market capitalization of $13,178.29, a P/E ratio of -1.86, a price-to-earnings-growth ratio of 3.92 and a beta of 2.35. Marathon Oil has a 52 week low of $10.55 and a 52 week high of $19.52. The company has a quick ratio of 2.02, a current ratio of 2.09 and a debt-to-equity ratio of 0.55.

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Wednesday, February 21st will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Tuesday, February 20th. Marathon Oil’s payout ratio is presently -2.40%.

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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.

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

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