Marathon Oil Co. (MRO) Expected to Earn Q1 2019 Earnings of $0.08 Per Share

Marathon Oil Co. (NYSE:MRO) – Equities researchers at Jefferies Financial Group issued their Q1 2019 earnings per share estimates for shares of Marathon Oil in a report issued on Wednesday, April 17th, according to Zacks Investment Research. Jefferies Financial Group analyst J. Gammel expects that the oil and gas producer will earn $0.08 per share for the quarter. Jefferies Financial Group also issued estimates for Marathon Oil’s Q2 2019 earnings at $0.11 EPS, Q3 2019 earnings at $0.16 EPS, Q4 2019 earnings at $0.07 EPS, FY2019 earnings at $0.42 EPS, Q1 2020 earnings at $0.05 EPS, Q2 2020 earnings at $0.07 EPS, Q3 2020 earnings at $0.13 EPS and Q4 2020 earnings at $0.13 EPS.

Marathon Oil (NYSE:MRO) last released its earnings results on Wednesday, May 1st. The oil and gas producer reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.24. Marathon Oil had a net margin of 15.12% and a return on equity of 5.80%. 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 posted $0.18 EPS. The business’s revenue was down 30.9% on a year-over-year basis.

MRO has been the topic of a number of other reports. Barclays set a $23.00 target price on shares of Marathon Oil and gave the stock a “buy” rating in a research note on Wednesday, January 16th. Argus decreased their target price on shares of Marathon Oil from $25.00 to $22.00 and set a “buy” rating on the stock in a research note on Monday, February 25th. Capital One Financial lowered shares of Marathon Oil from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, January 23rd. Morgan Stanley set a $20.00 price target on shares of Marathon Oil and gave the company a “hold” rating in a research report on Tuesday, January 29th. Finally, ValuEngine lowered shares of Marathon Oil from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $23.20.

MRO traded down $0.01 during trading on Friday, reaching $15.26. The company’s stock had a trading volume of 9,025,004 shares, compared to its average volume of 12,117,405. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.49 and a quick ratio of 1.45. Marathon Oil has a 1 year low of $12.57 and a 1 year high of $24.20. The firm has a market capitalization of $12.49 billion, a price-to-earnings ratio of 21.49, a price-to-earnings-growth ratio of 2.67 and a beta of 2.23.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Tuesday, May 14th. Marathon Oil’s payout ratio is presently 28.17%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Legacy Financial Advisors Inc. purchased a new stake in Marathon Oil in the fourth quarter valued at approximately $25,000. Executive Wealth Management LLC purchased a new stake in Marathon Oil in the fourth quarter valued at approximately $27,000. JNBA Financial Advisors purchased a new stake in Marathon Oil in the fourth quarter valued at approximately $29,000. Semmax Financial Advisors Inc. raised its position in Marathon Oil by 181.1% in the first quarter. Semmax Financial Advisors Inc. now owns 1,855 shares of the oil and gas producer’s stock valued at $31,000 after purchasing an additional 1,195 shares during the period. Finally, Osborn Williams & Donohoe LLC purchased a new stake in Marathon Oil in the first quarter valued at approximately $34,000. 82.12% of the stock is currently owned by institutional investors.

Marathon Oil Company Profile

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.

Read More: Cost of Debt

Get a free copy of the Zacks research report on Marathon Oil (MRO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Marathon Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Oil and related companies with MarketBeat.com's FREE daily email newsletter.