Somewhat Positive Media Coverage Somewhat Unlikely to Impact Marathon Oil (MRO) Stock Price
News headlines about Marathon Oil (NYSE:MRO) have been trending somewhat positive on Tuesday, Accern reports. Accern scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Marathon Oil earned a coverage optimism score of 0.23 on Accern’s scale. Accern also gave headlines about the oil and gas producer an impact score of 45.7305051426958 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern’s analysis:
- 2018 Outlook: Credit Suisse Sees Big Upside for 5 Top Picks in Exploration & Production – 24/7 Wall St. (247wallst.com)
- Stock in Focus- Marathon Oil Corporation (MRO) – Nasdaq Fortune (press release) (nasdaqfortune.com)
- Traders should take notice on: Marathon Oil Corporation (NYSE:MRO) – Market Breaking Point (press release) (journalfinance.net)
- Most Shocking Stock Movements: Envision Healthcare Corporation (EVHC), Marathon Oil Corporation (MRO) – Market Movers (financialqz.com)
- Marathon Oil Earns IBD Rating Upgrade (finance.yahoo.com)
Several equities research analysts recently weighed in on MRO shares. BidaskClub downgraded shares of Marathon Oil from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Piper Jaffray Companies set a $20.00 target price on shares of Marathon Oil and gave the stock a “buy” rating in a research note on Friday, August 25th. Jefferies Group set a $12.00 target price on shares of Marathon Oil and gave the stock a “hold” rating in a research note on Tuesday, August 29th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Marathon Oil in a research note on Saturday, September 16th. Finally, Scotiabank set a $19.00 target price on shares of Marathon Oil and gave the stock a “buy” rating in a research note on Wednesday, October 4th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $16.90.
Marathon Oil (NYSE:MRO) last posted its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.06. Marathon Oil had a negative net margin of 148.07% and a negative return on equity of 3.02%. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the previous year, the business posted ($0.23) EPS. The firm’s revenue was up 26.5% on a year-over-year basis. research analysts expect that Marathon Oil will post -0.34 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Wednesday, November 15th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.32%. The ex-dividend date was Tuesday, November 14th. Marathon Oil’s dividend payout ratio (DPR) is presently -2.40%.
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About Marathon Oil
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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