Marathon Oil Corporation (MRO) Earning Somewhat Favorable Media Coverage, Analysis Finds
News headlines about Marathon Oil Corporation (NYSE:MRO) have trended somewhat positive this week, according to Accern. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Marathon Oil Corporation earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned news headlines about the oil and gas producer an impact score of 82 out of 100, indicating that recent press coverage is very likely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have effected Accern’s scoring:
- These 3 Numbers Suggest Oil Might be Due for an Unexpectedly Big Bounce (finance.yahoo.com)
- Marathon Oil Corporation (MRO) Downgraded by BidaskClub (americanbankingnews.com)
- Marathon Oil Corporation (MRO) Position Lowered by Nomura Asset Management Co. Ltd. (healthcaremenu.net)
- Marathon Oil Corporation (NYSE:MRO) Rating Reiterated by Stifel Nicolaus (americanbankingnews.com)
- Comparing Price Charts: The Kraft Heinz Company (KHC), Marathon Oil Corporation (MRO) – StockNewsMagazine (stocknewsmagazine.com)
A number of research analysts have recently issued reports on the stock. BidaskClub cut shares of Marathon Oil Corporation from a “sell” rating to a “strong sell” rating in a research note on Sunday. Stifel Nicolaus reiterated a “hold” rating and issued a $11.00 target price on shares of Marathon Oil Corporation in a research note on Friday. Stephens assumed coverage on shares of Marathon Oil Corporation in a research note on Wednesday, July 12th. They issued an “equal weight” rating and a $14.00 target price for the company. Citigroup Inc. upgraded shares of Marathon Oil Corporation from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $19.00 to $15.00 in a research report on Wednesday, July 5th. Finally, Scotiabank set a $19.00 price objective on shares of Marathon Oil Corporation and gave the stock a “buy” rating in a research report on Saturday, July 1st. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $17.86.
Shares of Marathon Oil Corporation (NYSE:MRO) traded up 1.3399% during midday trading on Monday, reaching $11.8061. 5,472,777 shares of the company’s stock traded hands. Marathon Oil Corporation has a 12 month low of $11.20 and a 12 month high of $19.28. The stock has a 50 day moving average of $12.98 and a 200-day moving average of $15.51. The stock’s market cap is $10.04 billion.
Marathon Oil Corporation (NYSE:MRO) last issued its quarterly earnings data on Thursday, May 4th. The oil and gas producer reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.01. Marathon Oil Corporation had a negative net margin of 134.01% and a negative return on equity of 2.54%. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the company earned ($0.43) earnings per share. The business’s revenue was up 88.1% on a year-over-year basis. On average, equities research analysts forecast that Marathon Oil Corporation will post ($0.29) EPS for the current fiscal year.
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Marathon Oil Corporation 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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