Somewhat Positive Media Coverage Somewhat Unlikely to Impact Marathon Oil Corporation (MRO) Share Price
News coverage about Marathon Oil Corporation (NYSE:MRO) has trended somewhat positive this week, according to Accern Sentiment. Accern ranks the sentiment of news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Marathon Oil Corporation earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave media headlines about the oil and gas producer an impact score of 46.9003680886963 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment’s analysis:
- As Post-Election Euphoria Fades, Companies Waiting For Reforms Get Restless (finance.yahoo.com)
- Brokerages Anticipate Marathon Oil Corporation (NYSE:MRO) Will Post Quarterly Sales of $979.56 Million (americanbankingnews.com)
- Marathon Oil Corp (MRO): Indicator Watch on Company Shares – Evergreen Caller (evergreencaller.com)
- See what the IHS Markit Score report has to say about Marathon Oil Corp. (finance.yahoo.com)
- What is Saving the Oil Companies in a Low-Price Environment? (finance.yahoo.com)
Shares of Marathon Oil Corporation (NYSE MRO) traded down 2.95% during trading on Wednesday, hitting $11.19. The company had a trading volume of 13,837,717 shares. The stock has a 50-day moving average of $11.92 and a 200 day moving average of $14.13. Marathon Oil Corporation has a 12-month low of $11.12 and a 12-month high of $19.28. The stock’s market capitalization is $9.51 billion.
Marathon Oil Corporation (NYSE:MRO) last issued its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported ($0.24) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.14) by $0.10. Marathon Oil Corporation had a negative return on equity of 2.86% and a negative net margin of 140.22%. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the business earned ($0.23) earnings per share. Marathon Oil Corporation’s revenue was down 4.0% compared to the same quarter last year. On average, analysts predict that Marathon Oil Corporation will post ($0.43) EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Wednesday, August 16th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, August 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.79%. Marathon Oil Corporation’s dividend payout ratio (DPR) is -2.55%.
A number of research analysts recently issued reports on the company. KLR Group reaffirmed a “buy” rating and issued a $23.00 price target (up from $21.00) on shares of Marathon Oil Corporation in a report on Wednesday, August 9th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $14.00 price target (up from $13.00) on shares of Marathon Oil Corporation in a report on Wednesday, August 9th. Vetr cut Marathon Oil Corporation from a “strong-buy” rating to a “buy” rating and set a $14.22 price target for the company. in a report on Monday, August 7th. BidaskClub raised Marathon Oil Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, August 5th. Finally, Barclays PLC set a $11.00 price objective on Marathon Oil Corporation and gave the stock a “hold” rating in a report on Friday, August 4th. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $17.30.
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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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