For the current quarter, the 22.00 analysts offering adjusted EPS forecast have a consensus estimate of $-0.29 a share, which would compare with $-0.23 in the same quarter last year. They have a high estimate of $-0.21 and a low estimate of $-0.41. Revenue for the period is expected to total nearly $1.05B from $1.53B the year-ago period.
For the full year, 25.00 Wall Street analysts forecast this company would deliver earnings of -1.12 per share, with a high estimate of $-0.61 and a low estimate of $-1.44. It had reported earnings per share of $-1.28 in the corresponding quarter of the previous year. Revenue for the period is expected to total nearly $4.08B versus 5.86B in the preceding year.
The analysts project the company to maintain annual growth of around -16.00% percent over the next five years as compared to an average growth rate of 8.52% percent expected for its competitors in the same industry.
Among the 24 analysts Data provided by Thomson/First Call tracks, the 12-month average price target for MRO is $17.19 but some analysts are projecting the price to go as high as $29.00. If the optimistic analysts are correct, that represents a 85 percent upside potential from the recent closing price of $15.68. Some sell-side analysts, particularly the bearish ones, have called for $12.00 price targets on shares of Marathon Oil Corporation (NYSE:MRO).
In the last reported results, the company reported earnings of $-0.23 per share, while analysts were calling for share earnings of $-0.23. It was an earnings surprise of 0.00%percent. In the matter of earnings surprises, the term Cockroach Effect is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.
Marathon Oil Corporation operates as an energy company. It operates through three segments: North America E&P, International E&P, and Oil Sands Mining. The North America E&P segment develops, explores for, produces, and markets crude oil and condensate, natural gas liquids, and natural gas in North America. The International Exploration and Production segment explores for, produces, and markets crude oil and condensate, natural gas liquids, and natural gas in Equatorial Guinea, Gabon, the Kurdistan Region of Iraq, Libya, and the United Kingdom; and produces and markets products manufactured from natural gas, such as liquefied natural gas and methanol in Equatorial Guinea.
The Oil Sands Mining segment mines, extracts, and transports bitumen from oil sands deposits in Alberta and Canada; and upgrades the bitumen to produce and market synthetic crude oil and vacuum gas oil. As of December 31, 2015, it had rights to participate in developed and undeveloped leases totaling approximately 32,000 net acres. The company was formerly known as USX Corporation and changed its name to Marathon Oil Corporation in July 2001. Marathon Oil Corporation was founded in 1887 and is headquartered in Houston, Texas.
By: Joshua Ortega (Post Registrar).
Photo: The Point Review.
Review: Emerging Market Formulations & Research Unit, FLAGSHIP RECORDS.
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