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The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Marathon Oil (MRO) concluded the recent trading session at $24.66, signifying a +0.57% move from its prior day's close.
Marathon Oil trades at a significant discount to Permian peers. This discount is attributed to relatively small Permian production versus the Eagle Ford and Bakken. A 1.8% dividend is hardly exciting, but Marathon Oil is dedicated to growing the dividend in line with share repurchases.
Marathon Oil (MRO) spends $360 million in capital and exploratory expenditures during the quarter and rakes in $624 million in adjusted free cash flow.
Although the revenue and EPS for Marathon Oil (MRO) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Marathon Oil (MRO) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.88 per share a year ago.
Lower commodity price realizations and the increase in costs are likely to have impacted the fourth-quarter earnings of Marathon Oil (MRO).
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Marathon Oil (MRO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Marathon Oil (MRO) concluded the recent trading session at $22.65, signifying a +0.89% move from its prior day's close.