Marathon Oil Co. (NYSE:MRO) – Analysts at Seaport Global Securities boosted their Q4 2017 earnings estimates for Marathon Oil in a research report issued to clients and investors on Tuesday, Zacks Investment Research reports. Seaport Global Securities analyst M. Kelly now expects that the oil and gas producer will earn ($0.02) per share for the quarter, up from their previous forecast of ($0.10). Seaport Global Securities has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for Marathon Oil’s Q1 2018 earnings at $0.01 EPS, Q2 2018 earnings at $0.01 EPS, Q3 2018 earnings at $0.03 EPS, Q4 2018 earnings at $0.04 EPS and FY2018 earnings at $0.09 EPS.
Marathon Oil (NYSE:MRO) last issued its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.08) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.06. Marathon Oil had a negative return on equity of 3.02% and a negative net margin of 148.07%. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the previous year, the firm earned ($0.23) earnings per share. The company’s revenue was up 26.5% on a year-over-year basis.
Other equities research analysts have also issued research reports about the company. Zacks Investment Research upgraded Marathon Oil from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Monday, November 6th. Jefferies Group boosted their price target on Marathon Oil from $14.00 to $16.50 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Societe Generale upgraded Marathon Oil from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. Scotiabank set a $19.00 price target on Marathon Oil and gave the stock a “buy” rating in a research note on Wednesday, October 4th. Finally, Piper Jaffray Companies restated a “buy” rating on shares of Marathon Oil in a research note on Thursday, September 28th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Marathon Oil has a consensus rating of “Hold” and a consensus target price of $16.65.
Shares of Marathon Oil (MRO) traded up $0.22 during mid-day trading on Friday, hitting $18.82. The stock had a trading volume of 10,310,000 shares, compared to its average volume of 11,590,000. Marathon Oil has a 1-year low of $10.55 and a 1-year high of $18.96. The stock has a market capitalization of $15,990.00, a price-to-earnings ratio of -7.35, a price-to-earnings-growth ratio of 63.38 and a beta of 2.38. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.09 and a quick ratio of 2.02.
Large investors have recently made changes to their positions in the business. Dupont Capital Management Corp acquired a new position in Marathon Oil in the second quarter valued at approximately $122,000. Mackenzie Financial Corp acquired a new position in Marathon Oil in the third quarter valued at approximately $149,000. Zweig DiMenna Associates LLC acquired a new position in Marathon Oil in the second quarter valued at approximately $150,000. Glenview Trust Co lifted its holdings 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 acquiring an additional 1,550 shares during the period. Finally, Valeo Financial Advisors LLC acquired a new position in Marathon Oil in the third quarter valued at approximately $159,000. 80.34% of the stock is owned by institutional investors.
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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.
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