Brokers Set Expectations for Marathon Oil’s Q1 2018 Earnings (MRO)

Marathon Oil (NYSE:MRO) – Piper Jaffray issued their Q1 2018 EPS estimates for shares of Marathon Oil in a report released on Sunday, April 22nd. Piper Jaffray analyst G. Baber anticipates that the oil and gas producer will post earnings per share of $0.15 for the quarter. Piper Jaffray also issued estimates for Marathon Oil’s Q2 2018 earnings at $0.16 EPS, Q3 2018 earnings at $0.19 EPS, Q4 2018 earnings at $0.20 EPS, Q1 2019 earnings at $0.17 EPS, Q2 2019 earnings at $0.14 EPS, Q3 2019 earnings at $0.14 EPS, Q4 2019 earnings at $0.13 EPS and Q1 2020 earnings at $0.15 EPS.

Marathon Oil (NYSE:MRO) last posted its quarterly earnings data on Wednesday, February 14th. The oil and gas producer reported $0.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.05. Marathon Oil had a negative return on equity of 2.24% and a negative net margin of 120.11%. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the previous year, the business earned ($0.10) EPS. Marathon Oil’s revenue was up 23.0% compared to the same quarter last year.

A number of other equities analysts have also recently issued reports on the company. Bank of America upgraded 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. Morgan Stanley boosted their price objective on Marathon Oil from $15.00 to $21.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. Zacks Investment Research upgraded Marathon Oil from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Monday, January 15th. JPMorgan Chase upgraded Marathon Oil from a “neutral” rating to an “overweight” rating and set a $20.00 price objective for the company in a report on Monday, March 26th. Finally, R. F. Lafferty restated a “buy” rating and set a $27.00 price objective (up previously from $26.00) on shares of Marathon Oil in a report on Tuesday, February 20th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $18.52.

MRO opened at $17.71 on Wednesday. Marathon Oil has a 52-week low of $10.55 and a 52-week high of $19.52. The company has a quick ratio of 1.24, a current ratio of 1.30 and a debt-to-equity ratio of 0.47.

Several hedge funds have recently modified their holdings of MRO. Cerebellum GP LLC purchased a new stake in shares of Marathon Oil in the 4th quarter worth $117,000. Pin Oak Investment Advisors Inc. purchased a new stake in shares of Marathon Oil in the 4th quarter worth $118,000. FTB Advisors Inc. lifted its holdings in shares of Marathon Oil by 49.8% in the 4th quarter. FTB Advisors Inc. now owns 8,080 shares of the oil and gas producer’s stock worth $144,000 after buying an additional 2,687 shares during the period. Pinebridge Investments L.P. lifted its holdings in shares of Marathon Oil by 114.3% in the 4th quarter. Pinebridge Investments L.P. now owns 10,360 shares of the oil and gas producer’s stock worth $175,000 after buying an additional 5,526 shares during the period. Finally, First Hawaiian Bank purchased a new stake in shares of Marathon Oil in the 4th quarter worth $178,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

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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 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.

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

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