Marathon Oil (MRO) Announces Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Marathon Oil (NYSE:MRO) released its earnings results on Wednesday. The oil and gas producer reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.05, Bloomberg Earnings reports. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.25 billion. Marathon Oil had a negative net margin of 148.07% and a negative return on equity of 3.02%. Marathon Oil’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.10) earnings per share.

Shares of Marathon Oil (NYSE:MRO) traded up $0.88 during midday trading on Wednesday, hitting $16.95. 13,921,011 shares of the stock traded hands, compared to its average volume of 11,920,000. Marathon Oil has a 52-week low of $10.55 and a 52-week high of $19.52. The firm has a market capitalization of $14,400.00, a price-to-earnings ratio of -6.62, a P/E/G ratio of 4.11 and a beta of 2.34. 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Wednesday, February 21st will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $0.20 annualized dividend and a dividend yield of 1.18%. Marathon Oil’s dividend payout ratio is currently -7.81%.

MRO has been the topic of several recent analyst reports. Morgan Stanley set a $15.00 target price on shares of Marathon Oil and gave the company a “hold” rating in a report on Wednesday, October 18th. Jefferies Group boosted their target price on shares of Marathon Oil from $14.00 to $16.50 and gave the company a “buy” rating in a report on Friday, November 3rd. Societe Generale upgraded shares of Marathon Oil from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Bank of America upgraded shares of Marathon Oil from a “neutral” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Thursday, January 4th. Finally, Zacks Investment Research lowered shares of Marathon Oil from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $17.91.

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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.

Earnings History for Marathon Oil (NYSE:MRO)

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