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Marathon Oil (MRO) Ascends While Market Falls: Some Facts to Note
Zacks Investment Research· 2024-02-13 00:21
Company Performance - Marathon Oil (MRO) closed at $22.65, reflecting a +0.89% change from the previous day, outperforming the S&P 500's daily loss of 0.1% [1] - Over the past month, shares of Marathon Oil have decreased by 4.06%, underperforming the Oils-Energy sector's gain of 1.15% and the S&P 500's gain of 5.78% [1] - The upcoming earnings release is scheduled for February 21, 2024, with projected EPS of $0.62, indicating a 29.55% decline compared to the same quarter last year [1] Analyst Estimates - Recent changes in analyst estimates for Marathon Oil reflect shifting short-term business dynamics, with a consensus EPS projection decreasing by 19.57% in the past 30 days [2] - The company currently holds a Zacks Rank of 5 (Strong Sell), indicating a negative outlook from analysts [2] Valuation Metrics - Marathon Oil's Forward P/E ratio stands at 8.6, which is below the industry average Forward P/E of 12, suggesting the company is trading at a discount compared to its peers [3] - The Oil and Gas - Integrated - United States industry, to which Marathon Oil belongs, has a Zacks Industry Rank of 241, placing it in the bottom 5% of over 250 industries [3]
Here's Why Marathon Oil (MRO) Fell More Than Broader Market
Zacks Investment Research· 2024-02-06 00:21
Marathon Oil (MRO) closed the latest trading day at $22.32, indicating a -0.62% change from the previous session's end. The stock fell short of the S&P 500, which registered a loss of 0.32% for the day. On the other hand, the Dow registered a loss of 0.71%, and the technology-centric Nasdaq decreased by 0.2%.The energy company's shares have seen a decrease of 7.91% over the last month, not keeping up with the Oils-Energy sector's loss of 2.12% and the S&P 500's gain of 4.59%.Investors will be eagerly watchi ...
Marathon Oil (MRO) Outperforms Broader Market: What You Need to Know
Zacks Investment Research· 2024-01-25 00:16
Marathon Oil (MRO) closed the most recent trading day at $22.59, moving +0.98% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 0.08%. At the same time, the Dow lost 0.26%, and the tech-heavy Nasdaq gained 0.36%.Shares of the energy company have depreciated by 11.05% over the course of the past month, underperforming the Oils-Energy sector's loss of 5.22% and the S&P 500's gain of 2.4%.The investment community will be closely monitoring the performance ...
Bear Of The Day: Marathon Oil (MRO)
Zacks Investment Research· 2024-01-19 12:56
Core Viewpoint - Marathon Oil (MRO) is currently rated as a Zacks Rank 5 (Strong Sell) due to declining earnings estimates driven by softer oil demand [1] Company Overview - Marathon Oil Corp. is involved in the exploration, production, and marketing of liquid hydrocarbons and natural gas, operating in two segments: United States and International [2] - The U.S. segment focuses on oil and gas exploration, development, and production within the U.S., while the International segment operates primarily in Equatorial Guinea and the United Kingdom [2] Earnings History - The company has achieved four consecutive beats of the Zacks Consensus Estimate, indicating a history of meeting or exceeding market expectations [3] - However, consistent earnings beats alone do not determine the stock's ranking; the movement of earnings estimates plays a more significant role [3] Earnings Estimates - Recent trends show a decline in annual earnings estimates for Marathon Oil, with the current fiscal year (2023) consensus dropping from $2.73 to $2.62 over the past 60 days [4] - The next year's estimate has also decreased from $3.83 to $3.14 during the same period [4] - The negative revisions in earnings estimates are a primary reason for the stock's Zacks Rank 5 (Strong Sell) classification [4]
Marathon Oil Schedules Fourth Quarter and Full-Year 2023 Earnings Release and Conference Call
Prnewswire· 2024-01-16 22:47
HOUSTON, Jan. 16, 2024 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) announced today it plans to issue its fourth quarter and full-year 2023 earnings release on Wednesday, February 21, after the close of U.S. financial markets.The company will conduct a conference call via live webcast, on Thursday, February 22, at 9 a.m. ET. The call will include forward-looking information.All of the above information, including earnings releases and other investor-related material, can be accessed by visiting Mara ...
Marathon Oil(MRO) - 2023 Q3 - Earnings Call Transcript
2023-11-02 17:39
Marathon Oil Corporation (NYSE:MRO) Q3 2023 Results Conference Call November 2, 2023 9:00 AM ET Company Participants Guy Baber - VP, IR Lee Tillman - Chairman, President & CEO Dane Whitehead - EVP, CFO Pat Wagner - EVP, Corporate Development & Strategy Mike Henderson - EVP, Operations Conference Call Participants Arun Jayaram - JP Morgan Scott Gruber - Citi Umang Choudhary - Goldman Sachs Josh Silverstein - UBS Doug Leggate - Bank of America Neal Dingmann - Truist Phillips Johnston - Capital One Operator Go ...
Marathon Oil(MRO) - 2023 Q3 - Quarterly Report
2023-11-01 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ | Title of each class | Trading Symbol | Name of each exchange on which registered | | --- | --- | --- | | Common Stock, par value $1.00 | ...
Marathon Oil(MRO) - 2023 Q2 - Earnings Call Presentation
2023-08-03 20:00
SECOND QUARTER 2023 RESULTS Forward-Looking Statements and Other Matters This presentation (and oral statements made regarding the subjects of this presentation) contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These are statements, other than statements of historical fact, that give current expectations or forecasts of future events, including, without limitation: the Company’s future capital budgets ...
Marathon Oil(MRO) - 2023 Q2 - Earnings Call Transcript
2023-08-03 18:22
Marathon Oil Corporation (NYSE:MRO) Q2 2023 Earnings Conference Call August 3, 2023 9:00 AM ET Company Participants Guy Baber - Head of IR Lee Tillman - CEO Dane Whitehead - CFO Michael Henderson - COO Patrick Wagner - Head, Corporate Development Conference Call Participants Arun Jayaram - JPMorgan Chase & Co Joshua Silverstein - UBS Scott Hanold - RBC Capital Markets Neal Dingmann - Truist Securities Matt Portillo - Tudor, Pickering, Holt & Co. Doug Leggate - Bank of America Merrill Lynch Paul Cheng - Scot ...
Marathon Oil(MRO) - 2023 Q2 - Quarterly Report
2023-08-02 16:00
FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) For the transition period from _____ to _____ Commission file number 1-1513 Delaware 25-09 ...