Capital One Financial Research Analysts Boost Earnings Estimates for Marathon Oil Co. (MRO)

Marathon Oil Co. (NYSE:MRO) – Analysts at Capital One Financial boosted their FY2017 earnings estimates for Marathon Oil in a report issued on Tuesday. Capital One Financial analyst P. Johnston now expects that the oil and gas producer will earn ($0.33) per share for the year, up from their prior forecast of ($0.39). Capital One Financial also issued estimates for Marathon Oil’s Q4 2017 earnings at ($0.02) EPS and FY2018 earnings at ($0.03) EPS.

Marathon Oil (NYSE:MRO) last released its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.06. Marathon Oil had a negative net margin of 48.58% and a negative return on equity of 19.87%. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the company earned ($0.23) EPS. The firm’s revenue for the quarter was up 26.5% compared to the same quarter last year.

A number of other equities research analysts have also weighed in on MRO. Bank of America upgraded shares of Marathon Oil from a “neutral” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Thursday, January 4th. Seaport Global Securities upgraded shares of Marathon Oil from a “sell” rating to a “buy” rating in a report on Tuesday, December 19th. 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 report on Friday, December 15th. Credit Suisse Group initiated coverage on shares of Marathon Oil in a report on Monday, December 11th. They set an “outperform” rating and a $20.00 price objective for the company. Finally, Atlantic Securities upgraded shares of Marathon Oil from a “neutral” rating to an “overweight” rating in a report on Tuesday, December 5th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $16.51.

Marathon Oil (MRO) opened at $17.90 on Thursday. Marathon Oil has a 52 week low of $10.55 and a 52 week high of $18.15. The company has a current ratio of 2.09, a quick ratio of 2.02 and a debt-to-equity ratio of 0.55. The company has a market cap of $15,210.00, a PE ratio of -6.99 and a beta of 2.38.

Several hedge funds and other institutional investors have recently bought and sold shares of MRO. American Century Companies Inc. raised its stake in shares of Marathon Oil by 28.3% during the 2nd quarter. American Century Companies Inc. now owns 25,138 shares of the oil and gas producer’s stock worth $298,000 after acquiring an additional 5,542 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Marathon Oil by 8.4% during the 2nd quarter. Pacer Advisors Inc. now owns 17,531 shares of the oil and gas producer’s stock worth $208,000 after acquiring an additional 1,354 shares in the last quarter. State of Tennessee Treasury Department grew its position in Marathon Oil by 0.3% during the 2nd quarter. State of Tennessee Treasury Department now owns 287,482 shares of the oil and gas producer’s stock worth $3,407,000 after purchasing an additional 950 shares during the last quarter. JPMorgan Chase & Co. grew its position in Marathon Oil by 39.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,709,387 shares of the oil and gas producer’s stock worth $55,805,000 after purchasing an additional 1,341,589 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in Marathon Oil by 27.3% during the 2nd quarter. Wells Fargo & Company MN now owns 2,365,437 shares of the oil and gas producer’s stock worth $28,030,000 after purchasing an additional 506,995 shares during the last quarter. Hedge funds and other institutional investors own 80.34% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Capital One Financial Research Analysts Boost Earnings Estimates for Marathon Oil Co. (MRO)” was published by Community Financial News and is the sole property of of Community Financial News. If you are viewing this article on another publication, it was illegally copied and reposted in violation of US and international trademark and copyright law. The legal version of this article can be viewed at https://www.com-unik.info/2018/01/11/capital-one-financial-research-analysts-boost-earnings-estimates-for-marathon-oil-co-mro.html.

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.

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

What are top analysts saying about Marathon Oil? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Marathon Oil and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit