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Stock Update (NYSE:MRO): Marathon Oil Schedules First Quarter 2016 Earnings Release and Conference Call

[GlobeNewswire] – HOUSTON, March 31, 2016– Marathon Oil Corporation announced today it plans to issue its first quarter 2016 earnings news release on Wednesday, May 4, after the close of U.S. financial markets. Prepared … Read more on this. Marathon Oil Corporation (MRO) , valued at $9.40B, opened at $10.52. Shares have traded today between $10.42 and $11.24 per share and has traded between $6.52 and $31.53 over the past year. Priced at -7.69x this year’s forecasted earnings, MRO shares are relatively inexpensive compared to the industry’s 0.87x forward p/e ratio. The company pays shareholders $0.20 per share in dividend income per year, for a current yield of 1.94%. In a review of the consensus earnings estimate this quarter, 15 sell-side analysts are looking at $-0.49 per share, which would be $0.00 better than the year-ago quarter and a $0.00 sequential increase. The full-year EPS estimate is $-1.37, which would be a $0.09 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $943.98 Million. If realized, that would be a 38.30% decrease over the year-ago quarter. Recently, Atlantic Equities downgraded MRO from Overweight to Neutral (Jan 27, 2016). Previously, Morgan Stanley downgraded MRO from Overweight to Equal-Weight. The average price target for MRO shares by the analysts covering the stock is $13.63, which is 29.56% above where the stock opened this morning. See more in (NYSE:MRO) Similar Articles: Stock Update (NYSE:MRO): Marathon Oil Corporation Declares Fourth Quarter 2015 Dividend Stock Update (NASDAQ:QCOM): Qualcomm Schedules First Quarter Fiscal 2016 Earnings Release and Conference Call Stock Update (NYSE:APC): Anadarko Schedules Third-Quarter 2015 Earnings Conference Call for Oct. 28
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