Marathon Oil (MRO) Issues Earnings Results
Marathon Oil (NYSE:MRO) issued its quarterly earnings data on Wednesday. The oil and gas producer reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.05, Bloomberg Earnings reports. Marathon Oil had a negative net margin of 148.07% and a negative return on equity of 3.02%. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the prior year, the firm posted ($0.10) EPS. The firm’s quarterly revenue was up 23.0% compared to the same quarter last year.
Marathon Oil (NYSE MRO) traded up $0.88 during trading on Wednesday, hitting $16.95. 13,921,011 shares of the stock were exchanged, compared to its average volume of 11,920,000. Marathon Oil has a 1 year low of $10.55 and a 1 year high of $19.52. The company has a market cap of $14,400.00, a P/E ratio of -6.62, a P/E/G ratio of 4.11 and a beta of 2.34. The company has a quick ratio of 2.02, a current ratio of 2.09 and a debt-to-equity ratio of 0.55.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Wednesday, February 21st will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Tuesday, February 20th. Marathon Oil’s dividend payout ratio is currently -7.81%.
TRADEMARK VIOLATION NOTICE: This piece of content was first reported by Watch List News and is the sole property of of Watch List News. If you are viewing this piece of content on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark laws. The legal version of this piece of content can be read at https://www.watchlistnews.com/marathon-oil-mro-issues-earnings-results/1866554.html.
Marathon Oil 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.
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.