Zacks: Analysts Expect Marathon Oil Co. (NYSE:MRO) Will Post Earnings of $0.18 Per Share

Equities analysts predict that Marathon Oil Co. (NYSE:MRO) will announce earnings per share of $0.18 for the current quarter, according to Zacks. Eight analysts have issued estimates for Marathon Oil’s earnings, with the lowest EPS estimate coming in at $0.08 and the highest estimate coming in at $0.31. Marathon Oil reported earnings of $0.15 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 20%. The firm is expected to report its next earnings results after the market closes on Wednesday, August 7th.

On average, analysts expect that Marathon Oil will report full-year earnings of $0.70 per share for the current fiscal year, with EPS estimates ranging from $0.36 to $1.33. For the next fiscal year, analysts expect that the firm will report earnings of $0.72 per share, with EPS estimates ranging from ($0.20) to $2.32. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Marathon Oil.

Marathon Oil (NYSE:MRO) last posted its quarterly earnings results on Wednesday, May 1st. The oil and gas producer reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.24. Marathon Oil had a return on equity of 5.80% and a net margin of 15.12%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period last year, the company earned $0.18 EPS. The firm’s revenue was down 30.9% on a year-over-year basis.

Several research analysts have recently issued reports on MRO shares. Atlantic Securities lowered Marathon Oil from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $20.50 to $15.00 in a research report on Thursday, June 13th. Morgan Stanley set a $207.00 price target on Alibaba Group and gave the stock a “buy” rating in a research report on Friday, July 12th. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Royal Bank of Canada started coverage on Robert Half International in a research report on Tuesday, April 16th. They issued a “sector perform” rating on the stock. Finally, Seaport Global Securities restated a “buy” rating on shares of W&T Offshore in a research report on Friday, June 21st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the company. Marathon Oil currently has a consensus rating of “Buy” and an average price target of $22.45.

Shares of NYSE:MRO traded up $0.28 during midday trading on Friday, hitting $13.66. The company had a trading volume of 9,222,483 shares, compared to its average volume of 8,606,391. Marathon Oil has a 12 month low of $12.57 and a 12 month high of $24.20. The company has a current ratio of 1.49, a quick ratio of 1.45 and a debt-to-equity ratio of 0.45. The company has a market cap of $10.94 billion, a PE ratio of 19.24, a price-to-earnings-growth ratio of 2.37 and a beta of 2.24. The business has a fifty day moving average of $13.61.

A number of hedge funds have recently bought and sold shares of the business. Advisor Group Inc. grew its holdings in shares of Marathon Oil by 14.0% during the fourth quarter. Advisor Group Inc. now owns 78,276 shares of the oil and gas producer’s stock worth $1,123,000 after buying an additional 9,611 shares in the last quarter. United Services Automobile Association boosted its position in shares of Marathon Oil by 7.6% during the 4th quarter. United Services Automobile Association now owns 457,577 shares of the oil and gas producer’s stock valued at $6,562,000 after acquiring an additional 32,465 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Marathon Oil by 12.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,926,029 shares of the oil and gas producer’s stock valued at $171,011,000 after acquiring an additional 1,328,679 shares during the last quarter. Stifel Financial Corp boosted its position in shares of Marathon Oil by 2.9% during the 4th quarter. Stifel Financial Corp now owns 330,188 shares of the oil and gas producer’s stock valued at $4,724,000 after acquiring an additional 9,271 shares during the last quarter. Finally, Brown Advisory Inc. boosted its position in shares of Marathon Oil by 14.4% during the 4th quarter. Brown Advisory Inc. now owns 10,347 shares of the oil and gas producer’s stock valued at $149,000 after acquiring an additional 1,303 shares during the last quarter. Hedge funds and other institutional investors own 81.95% of the company’s stock.

About Marathon Oil

Marathon Oil Corporation operates as an energy company in the United States, Equatorial Guinea, the United Kingdom, and Libya. It operates in two segments, United States and International. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol.

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

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