Zacks: Analysts Expect Marathon Oil Co. (MRO) Will Announce Earnings of $0.16 Per Share

Analysts predict that Marathon Oil Co. (NYSE:MRO) will report earnings of $0.16 per share for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Marathon Oil’s earnings. The highest EPS estimate is $0.23 and the lowest is $0.08. Marathon Oil reported earnings per share of ($0.24) in the same quarter last year, which would suggest a positive year-over-year growth rate of 166.7%. The company is expected to issue its next earnings report after the market closes on Wednesday, August 1st.

On average, analysts expect that Marathon Oil will report full-year earnings of $0.81 per share for the current financial year, with EPS estimates ranging from $0.45 to $1.28. For the next financial year, analysts anticipate that the firm will report earnings of $0.86 per share, with EPS estimates ranging from $0.15 to $1.19. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Marathon Oil.

Marathon Oil (NYSE:MRO) last issued its quarterly earnings results on Wednesday, May 2nd. The oil and gas producer reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.04. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Marathon Oil had a negative return on equity of 0.50% and a negative net margin of 7.56%. The business’s quarterly revenue was up 61.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.07) earnings per share.

Several brokerages have recently weighed in on MRO. Tudor Pickering raised Marathon Oil from a “hold” rating to a “buy” rating in a research note on Friday, June 8th. ValuEngine raised Marathon Oil from a “hold” rating to a “buy” rating in a research note on Monday, May 14th. Stifel Nicolaus set a $19.00 target price on Marathon Oil and gave the stock a “hold” rating in a research note on Wednesday, March 28th. BMO Capital Markets reaffirmed a “hold” rating and set a $20.00 target price on shares of Marathon Oil in a research note on Tuesday, February 27th. Finally, Royal Bank of Canada set a $21.00 target price on Marathon Oil and gave the stock a “hold” rating in a research note on Friday, April 13th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have given a buy rating to the company. Marathon Oil presently has an average rating of “Hold” and an average price target of $18.45.

In other news, insider Lee M. Tillman sold 400,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $21.65, for a total value of $8,660,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.50% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of the company. Allianz Asset Management GmbH lifted its holdings in shares of Marathon Oil by 4,031.1% in the first quarter. Allianz Asset Management GmbH now owns 2,085,073 shares of the oil and gas producer’s stock valued at $33,633,000 after purchasing an additional 2,034,601 shares in the last quarter. MEMBERS Trust Co lifted its holdings in shares of Marathon Oil by 90.5% in the first quarter. MEMBERS Trust Co now owns 23,949 shares of the oil and gas producer’s stock valued at $386,000 after purchasing an additional 11,376 shares in the last quarter. Summit Trail Advisors LLC lifted its holdings in shares of Marathon Oil by 1,935.8% in the first quarter. Summit Trail Advisors LLC now owns 128,030 shares of the oil and gas producer’s stock valued at $128,000 after purchasing an additional 121,741 shares in the last quarter. CIBC World Markets Inc. lifted its holdings in shares of Marathon Oil by 223.5% in the first quarter. CIBC World Markets Inc. now owns 35,233 shares of the oil and gas producer’s stock valued at $568,000 after purchasing an additional 24,343 shares in the last quarter. Finally, Xact Kapitalforvaltning AB lifted its holdings in shares of Marathon Oil by 11.6% in the first quarter. Xact Kapitalforvaltning AB now owns 92,939 shares of the oil and gas producer’s stock valued at $1,499,000 after purchasing an additional 9,636 shares in the last quarter. Institutional investors own 78.95% of the company’s stock.

Shares of MRO stock traded down $0.24 on Monday, hitting $21.23. The company had a trading volume of 228,758 shares, compared to its average volume of 12,892,157. The stock has a market cap of $18.32 billion, a price-to-earnings ratio of -55.92, a PEG ratio of 1.98 and a beta of 2.33. The company has a current ratio of 1.52, a quick ratio of 1.46 and a debt-to-equity ratio of 0.46. Marathon Oil has a twelve month low of $10.55 and a twelve month high of $22.12.

The company also recently declared a quarterly dividend, which was paid on Monday, June 11th. Shareholders of record on Wednesday, May 16th were issued a $0.05 dividend. The ex-dividend date was Tuesday, May 15th. This represents a $0.20 annualized dividend and a yield of 0.94%. Marathon Oil’s payout ratio is currently -52.63%.

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 E&P and International E&P. 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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