News stories about Marathon Oil (NYSE:MRO) have been trending somewhat positive on Wednesday, Accern reports. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Marathon Oil earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave news articles about the oil and gas producer an impact score of 46.0504895181758 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Analysts suggested mean rating score of 2.30 for Marathon Oil Corporation (MRO) – Wall Street Morning (wallstreetmorning.com)
- 2 Stocks to Track: Marathon Oil Corporation (NYSE:MRO), Nabors Industries Ltd. (NYSE:NBR) – The Oracle Examiner (oracleexaminer.com)
- Where Range Resources Stock Could Settle This Week (finance.yahoo.com)
- Marathon Oil Corporation, (NYSE: MRO) – Average True Range (ATR) under Trader’s Radar – Stock Watch (stocksnewstimes.com)
- Analyzing Marathon Oil (MRO) & Pacific Coast Oil Trust (ROYT) (americanbankingnews.com)
MRO has been the subject of several research analyst reports. Atlantic Securities upgraded Marathon Oil from a “neutral” rating to an “overweight” rating in a research report on Tuesday, December 5th. Bank of America upgraded Marathon Oil from a “neutral” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Thursday, January 4th. Morgan Stanley raised their price target on Marathon Oil from $15.00 to $21.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. Zacks Investment Research upgraded Marathon Oil from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Monday, January 15th. Finally, JPMorgan Chase & Co. upgraded Marathon Oil from an “underweight” rating to a “neutral” rating and set a $15.00 target price on the stock in a research report on Friday, December 15th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have assigned a buy rating to the stock. Marathon Oil presently has an average rating of “Hold” and an average price target of $18.23.
Marathon Oil (NYSE:MRO) last released its quarterly earnings data on Wednesday, February 14th. The oil and gas producer reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.05. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.25 billion. Marathon Oil had a negative net margin of 120.11% and a negative return on equity of 2.24%. Marathon Oil’s quarterly revenue was up 23.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.10) earnings per share. analysts predict that Marathon Oil will post 0.46 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, March 12th. Shareholders of record on Wednesday, February 21st were paid a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $0.20 annualized dividend and a dividend yield of 1.34%. Marathon Oil’s payout ratio is currently -19.61%.
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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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