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

[GlobeNewswire] – HOUSTON, June 23, 2016– Marathon Oil Corporation announced today it plans to issue its second quarter 2016 earnings news release on Wednesday, Aug. 3, after the close of U.S. financial markets. Prepared … Read more on this. Marathon Oil Corporation (MRO) , with a current value of $12.94B, opened at $15.02. Today’s price range has been between $14.78 and $15.28 per share and has traded between $6.52 and $27.77 over the past 12 months. MRO shares are currently priced at -12.83x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -21.14x earnings multiple. And for passive income investors, the company pays shareholders $0.20 per share annually in dividends, yielding 1.38%. According to a consensus of 22 analysts, the earnings estimate of $-0.30 per share would be $0.00 better than the year-ago quarter and a $0.00 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $-1.15 would be a $0.13 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.05 Billion. If reported, that would be a 31.37% decrease over the year-ago quarter. Recently, Morgan Stanley upgraded MRO from Equal-Weight to Overweight (Jun 21, 2016). Previously, CapitalOne upgraded MRO from Equal Weight to Overweight. When considering if the stock is under or overvalued, the average price target is $16.69, which is 11.12% above where the stock opened this morning. See more in (NYSE:MRO) Similar Articles: Stock Update (NYSE:MRO): Marathon Oil Corporation Declares First Quarter 2016 Dividend Stock Update (NYSE:MRO): Marathon Oil Schedules First Quarter 2016 Earnings Release and Conference Call Company Update: PG&E Corporation (NYSE:PCG) – PG&E Corporation Schedules Fourth Quarter 2015 Earnings Release and Conference Call
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