Marathon Oil (MRO) Earning Somewhat Positive News Coverage, Study Finds

Press coverage about Marathon Oil (NYSE:MRO) has trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Marathon Oil earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave media stories about the oil and gas producer an impact score of 45.2291103303522 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:

Several research firms have recently weighed in on MRO. Jefferies Group restated a “hold” rating and set a $12.00 price objective on shares of Marathon Oil in a research report on Friday, October 6th. BMO Capital Markets restated a “hold” rating and set a $18.00 price objective on shares of Marathon Oil in a research report on Tuesday, November 7th. JPMorgan Chase & Co. upgraded shares of Marathon Oil from an “underweight” rating to a “neutral” rating and set a $15.00 price objective for the company in a research report on Friday, December 15th. Zacks Investment Research lowered shares of Marathon Oil from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, Piper Jaffray Companies restated a “buy” rating on shares of Marathon Oil in a research report on Thursday, September 28th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the company. Marathon Oil presently has a consensus rating of “Hold” and an average price target of $16.56.

Shares of Marathon Oil (MRO) traded down $0.14 on Monday, reaching $16.93. 7,122,600 shares of the company traded hands, compared to its average volume of 13,273,429. The company has a market capitalization of $14,384.81, a price-to-earnings ratio of -2.03 and a beta of 2.38. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.02 and a current ratio of 2.09. Marathon Oil has a 52-week low of $10.55 and a 52-week high of $18.27.

Marathon Oil (NYSE:MRO) last issued its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.06. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.04 billion. Marathon Oil had a negative net margin of 148.07% and a negative return on equity of 3.02%. The company’s revenue for the quarter was up 26.5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.23) earnings per share. research analysts expect that Marathon Oil will post -0.33 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Wednesday, November 15th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.18%. The ex-dividend date was Tuesday, November 14th. 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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