Favorable Press Coverage Somewhat Unlikely to Impact Marathon Oil (MRO) Share Price
Media stories about Marathon Oil (NYSE:MRO) have trended positive recently, according to Accern. The research group identifies negative and positive press coverage by monitoring 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 media sentiment score of 0.26 on Accern’s scale. Accern also assigned news headlines about the oil and gas producer an impact score of 45.3562276568325 out of 100, meaning that recent press coverage is somewhat unlikely 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 impacted Accern Sentiment’s scoring:
- Marathon Oil (MRO) Raised to Neutral at J P Morgan Chase & Co (americanbankingnews.com)
- Marathon Oil Co. (MRO) Receives Consensus Rating of “Hold” from Analysts (americanbankingnews.com)
- Top Analyst Upgrades and Downgrades: Delta Air Lines, Express Scripts, Form Factor, Marathon Oil, Under Armour, Valeant Pharmaceutical and More (feedproxy.google.com)
- Public Sector Pension Investment Board Boosted Marathon Oil (MRO) Stake; Cantab Capital Partners Llp Increased Its … – Hill Country Times (hillcountrytimes.com)
- Marathon Oil Schedules Fourth Quarter and Full-Year 2017 Earnings Release and Conference Call – GlobeNewswire (press release) (globenewswire.com)
Several brokerages have recently commented on MRO. J P Morgan Chase & Co upgraded shares of Marathon Oil from an “underweight” rating to a “neutral” rating and set a $15.00 price objective on the stock in a report on Friday. Credit Suisse Group began coverage on shares of Marathon Oil in a report on Monday, December 11th. They issued an “outperform” rating and a $20.00 price objective on the stock. Jefferies Group restated a “hold” rating and issued a $12.00 price objective on shares of Marathon Oil in a report on Friday, October 6th. BidaskClub lowered shares of Marathon Oil from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Finally, BMO Capital Markets restated a “hold” rating and issued a $18.00 price objective on shares of Marathon Oil in a report on Tuesday, November 7th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $16.56.
Marathon Oil (NYSE:MRO) last announced its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported ($0.08) earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the business earned ($0.23) EPS. The company’s revenue was up 26.5% on a year-over-year basis. equities analysts expect that Marathon Oil will post -0.34 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Wednesday, November 15th were issued a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.33%. Marathon Oil’s payout ratio is -2.40%.
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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.
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