Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Marathon Oil Corporation (MRO) Share Price
Media coverage about Marathon Oil Corporation (NYSE:MRO) has been trending somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm scores the sentiment of media 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 closest to one being the most favorable. Marathon Oil Corporation earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave headlines about the oil and gas producer an impact score of 46.0889408759201 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern’s analysis:
- Marathon Oil Corporation’s (MRO) “Equal Weight” Rating Reiterated at Morgan Stanley (americanbankingnews.com)
- Marathon Oil Schedules Third Quarter 2017 Earnings Release and Conference Call (finance.yahoo.com)
- ETFs with exposure to Marathon Oil Corp. : September 13, 2017 (finance.yahoo.com)
- Marathon Oil Corporation (NYSE:MRO) Shareholder Yield in Focus (vothemes.com)
- How Wall Street Viewed Marathon Oil September 8 (finance.yahoo.com)
Several equities analysts recently weighed in on the stock. FBR & Co reaffirmed a “buy” rating and set a $20.00 target price on shares of Marathon Oil Corporation in a research note on Tuesday, May 23rd. Morgan Stanley raised shares of Marathon Oil Corporation from an “underweight” rating to an “equal weight” rating and cut their target price for the company from $17.00 to $14.00 in a research note on Wednesday, June 21st. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Marathon Oil Corporation in a research note on Wednesday, June 28th. They set a “neutral” rating and a $16.00 target price for the company. Piper Jaffray Companies set a $20.00 target price on shares of Marathon Oil Corporation and gave the company a “buy” rating in a research note on Friday, August 25th. Finally, Jefferies Group LLC set a $16.00 target price on shares of Marathon Oil Corporation and gave the company a “hold” rating in a research note on Saturday, June 24th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $17.33.
Shares of Marathon Oil Corporation (NYSE MRO) opened at 12.00 on Monday. The company’s market cap is $10.20 billion. The company’s 50-day moving average is $11.60 and its 200-day moving average is $13.39. Marathon Oil Corporation has a one year low of $10.55 and a one year high of $19.28.
Marathon Oil Corporation (NYSE:MRO) last posted its earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.24) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.10). Marathon Oil Corporation had a negative net margin of 140.22% and a negative return on equity of 2.86%. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the company earned ($0.23) EPS. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. On average, equities analysts predict that Marathon Oil Corporation will post ($0.46) EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Wednesday, August 16th were given a $0.05 dividend. The ex-dividend date of this dividend was Monday, August 14th. This represents a $0.20 dividend on an annualized basis and a yield of 1.67%. Marathon Oil Corporation’s payout ratio is currently -2.55%.
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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