14.63 +0.07 (0.48%)
After hours: 4:54PM EDT
|Bid||14.54 x 4000|
|Ask||14.63 x 4000|
|Day's Range||14.50 - 15.15|
|52 Week Range||12.57 - 24.20|
|Beta (3Y Monthly)||1.71|
|PE Ratio (TTM)||13.47|
|Forward Dividend & Yield||0.20 (1.17%)|
|1y Target Est||N/A|
On 31 March 2019, Marathon Oil Corporation (NYSE:MRO) announced its latest earnings update. Overall, analyst consensus...
Investors and analysts have been waiting for the rollup of Andeavor and Marathon Petroleum's logistics arms since the parent companies combined last year.
Marathon Petroleum's (MPC) Refining & Marketing segment reported operating loss of $334 million compared with loss of $133 million in the year-ago quarter.
Marathon Oil Corp NYSE:MROView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for MRO with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting MRO. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding MRO totaled $249 million. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS MarkitThere is no PMI sector data available for this security. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. MRO credit default swap spreads are within the middle of their range for the last three years.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
ConocoPhillips (NYSE:COP) fell in Wednesday and Thursday trading despite beating earnings and revenue estimates. The Houston-based oil producer beat estimates on production levels and plans to cap capital expenditures. Despite a partial recovery in Friday trading, COP stock still sells below pre-announcement levels.Source: Shutterstock However, investors may want to take a second look at this oil stock. Over time, a focused strategy, its reasonable valuation, and rising geopolitical tensions could lead to a turnaround for ConocoPhillips stock. COP Stock Fell Despite Beating on Earnings, RevenueConocoPhillips reported first-quarter earnings of $1.00 per share, just over 4% higher than the 96 cents per share the company earned in the same quarter last year. This also surpasses Wall Street estimates by 10 cents per share. The company beat on revenues as well, reporting $10.06 billion when analysts had predicted $9.16 billion. The company brought in $8.96 billion in the same quarter last year.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOn Wednesday, COP stock initially surged higher on the news, but it ended up falling on the day by over 0.7%. Many blame higher expenses, as the company has sought to increase production. These costs have weighed on ConocoPhillips stock for more than two months. * 7 Stocks Worth Buying When They're Down COP stock suffered last fall, as oil fell to lows of just over $42 per barrel. As oil recovered, COP rallied from its $56.75-per-share low. For a brief time in February, it surpassed $70 per share. COP trades at over $62 per share at the time of this writing.Recently, COP has expressed a goal to become profitable even if oil falls to the $40 per share range. As a result, it has put many of its non-core assets on the market. Last month, the company agreed to sell oil and gas assets in the British North Sea to Chrysaor for $2.7 billion.This transformation may have caused some concerns as the stock has sold off in recent weeks. Now, COP stock trades about 12% below the highs of mid-February. Peers such as Hess (NYSE:HES), Apache (NYSE:APA), and Marathon Oil (NYSE:MRO) saw similar declines. COP Stock Looks More Like a BuyConocoPhillips operates in the upstream, or exploration and production, segment of the oil industry. As such, it sees more volatility due to its sensitivity to oil prices. As mentioned earlier, the company is working to make itself profitable even when oil prices fall. For this reason, the recent drop may have created a buying opportunity. Thanks to the lower stock price, COP stock trades at at a price-to-earnings (PE) ratio of just 13.6.Moreover, geopolitical tensions have risen. Venezuela remains in limbo amid its economic crisis. Also, the Middle East has again become volatile as the U.S. begins a ban on Iranian oil. This has led to tensions between Saudi Arabia and Iran, as the Saudis increase production to fill the gap.Whatever happens between those two countries, it lessens the likelihood of low oil prices. While ConocoPhillips maintains some operations in Libya and Qatar, the firm operates primarily in more stable regions of the world. That places the firm in a position to produce oil even if the world becomes more dangerous. Final Thoughts on COP StockStrategy, valuation, and political issues in some parts of the world could finally turn COP stock around. ConocoPhillips stock fell despite beating estimates on both earnings and revenue. It has also slid in recent weeks, possibly on rising costs. * 10 Vice Stocks to Spice Up Your Portfolio However, ConocoPhillips has focused their strategy to prosper even when oil prices fall. Also, a low PE ratio and rising political tensions in some oil-producing countries could work in the company's favor. Such pressures could become the catalyst COP stock needs to finally resume its move higher.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Best Stocks to Buy for May * 7 Stocks Worth Buying When They're Down * 7 of the Best ETFs to Buy for a Slowing Economy Compare Brokers The post Buy ConocoPhillips Stock Following Its Beat on Earnings, Revenue appeared first on InvestorPlace.
The latest on developments in financial markets (all times local): 4:00 p.m. Stocks are closing broadly lower Thursday after energy shares sank with the price of oil and some big technology and media names ...
Marathon Oil's (MRO) better-than-expected earnings in the first quarter of 2019 can be attributed to higher year-over-year contribution from its U.S. E&P segment and decrease in expenses.
Marathon Oil (MRO) delivered earnings and revenue surprises of 416.67% and -2.43%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
Marathon Oil (NYSE:MRO) posted its latest quarterly earnings results late in the afternoon Wednesday, with the company's figures impressing overall as despite a revenue miss, a strong profit propelled the company's stock forward more than 3% after hours.For its first quarter of its fiscal 2019, the Houston, Texas-based business brought in net income of $174 million, which amounted to roughly 21 cents per share. On an adjusted basis when taking into account non-recurring costs, this figure amounted to about 31 cents per share.It was a strong showing for Marathon Oil as its adjusted earnings were more than five times stronger than what Wall Street called for as the average estimate of 11 analysts who were surveyed by Zacks Investment Research was for earnings of roughly 6 cents per share.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe energy business added that its sales for the first three months of its current fiscal year reached $1.2 billion, which was below what the Wall Street consensus guidance predicted. A survey conducted by Zacks that included seven analysts saw Marathon Oil bringing in revenue of $1.23 billion, per their average.MRO stock is up about 3.2% after the bell today, with this increase coming due in large part to the company's strong quarterly earnings performance, which saw revenue miss the mark but the company's adjusted profit was ahead of what analysts predicted for the business. Marathon Oil shares had declined roughly 2.9% during regular trading hours Wednesday. More From InvestorPlace * 7 Stocks to Buy That Ought to Buy Back Shares * 7 Stocks That Are Soaring This Earnings Season * 7 A-Rated Stocks That Are Under $10 Compare Brokers The post Marathon Oil Earnings: MRO Stock Gains as Q1 Profit Impresses appeared first on InvestorPlace.
On a per-share basis, the Houston-based company said it had profit of 21 cents. Earnings, adjusted for non-recurring costs, were 31 cents per share. The results topped Wall Street expectations. The average ...
is expected to report quarterly earnings of 7 cents a share on sales of $1.2 billion, after the market closes on Wednesday, May 1, based on a FactSet survey of 25 analysts. Quarterly estimates have risen less than 1 cent a share in the past month. Marathon Oil is currently trading at a price-to-forward-earnings ratio of 24 based on the 12-month estimates of 26 analysts surveyed by FactSet.
Investors will shift their focus to the U.S. central bank as the Federal Open Market Committee wraps up its two-day meeting on Wednesday.
While we expect rebounding oil prices and rising output from the U.S. E&P segment to aid Marathon Oil's (MRO) first-quarter results, weak volumes from the international segment may limit profits.
While it may not be enough for some shareholders, we think it is good to see the Marathon Oil Corporation (NYSE:MRO) share price up 20% in a single quarter. But that doesn't change the fact that the returns over the last five...
Moody's also withdrew Marathon Oil's Ba1 Corporate Family Rating, Ba1-PD Probability of Default Rating, and SGL-1 Speculative Grade Liquidity Rating. The rating outlook was changed to stable from positive.
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.
It was neither easy nor convincing, but the bulls mustered a modest gain on Monday, resisting the weight of the overdone rally that has materialized since late December. The S&P 500 was up 0.1% yesterday, albeit on uncomfortable low volume.Source: Allan Ajifo via Wikimedia (Modified)Netflix (NASDAQ:NFLX) led the way with its 4.7% gain, at least partially sparked by reports that it was establishing a new content production facility in New York. Rite Aid (NYSE:RAD) set a major bullish tone for the market though, gaining more than 10% in response to news that it was not only still willing to sell conventional tobacco cigarettes, but was also willing to add CBD-based skus to its product mix.At the other end of the spectrum, Tesla (NASDAQ:TSLA) shares fell nearly 4% after a video of a parked Model S explosion in China began to circulate, underscoring a downgrade from Evercore ISI analyst Arndt Ellinghorst.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 High-Yielding Dividend Stocks That Won't Wilt Headed into Tuesday's trading though, it's the stock charts of Fifth Third Bancorp (NASDAQ:FITB), Marathon Oil (NYSE:MRO) and IHS Markit (NASDAQ:INFO) that merit closer looks. Here's why, and what to look for. IHS Markit (INFO)IHS Markit isn't exactly a household name, though it's likely that most households benefit from the service it provides. The company collects and disseminates data, including investment-related data, to a variety of customers including clients that pass the information along to individual users.Like most stocks, INFO tumbled late last year, only to snap back early this year. That rally has since stalled but did so at a familiar level, and did so with an encouraging backdrop. One more good day following yesterday's bullish jolt could get IHS Markit shares over a major hurdle. Click to Enlarge * That hurdle, of course, is the ceiling at $55.66, plotted with a dashed blue line on both stock charts. INFO stock has peaked there several times since September, including yesterday. * While not up and above that key resistance level, INFO has tested that ceiling with some clear help. Shares pushed up and off the white 200-day moving average line a couple of different times last month. * Zooming out to the weekly chart we can see INFO stock is still near the lower edge of a long-term rising trading range, plotted with red dashed lines. The rally, if it gets going, could run to the upper boundary around $62 before hitting a major headwind. Fifth Third Bancorp (FITB)Back on March 13, FITB stock was not only about to break above a horizontal ceiling at $28.07, but it was also close to pushing above its 200-day moving average.Given the buildup of momentum behind the effort and the scope of the lines on the verge of being hurdled, it was worth a closer look.FITB stock ended up breaking above that resistance, and even rallying for a couple more days, turning heads. It all fell apart (and then some) during the latter half of March, however, mostly for external reasons. In the meantime, Fifth Third shares have worked their way back to a familiar line in the sand, but once again are hesitant to hurdle it. * 10 Best Stocks to Buy and Hold Forever Click to Enlarge * The line in the sand is once again $28.07, where FITB peaked a couple of times last week and the week before. * Although it's not over the big technical ceiling, over the course of the past few weeks we've seen more bullish volume than bearish volume. There may be more would-be buyers waiting in the wings than it seems on the surface. * If the resistance around $28 is cleared, the next most likely upside target is around $30.16, where Fifth Third found resistance for several weeks in the middle of 2018. Marathon Oil (MRO)To be clear, Marathon Oil had some help getting past a relatively important resistance level on Monday. A sharp rise in the price of crude gave the stock a shove.Nevertheless, MRO was already positioning not just to make such a move when we last looked at it back on March 21, but it remains better positioned than most other energy names now to actually do something with yesterday's tailwind. Click to Enlarge * Headed into the end of last week, Marathon had been squeezed into the tip of a converging wedge pattern. That squeeze ultimately launched MRO out of the narrowing range in a bullish direction, shoving it above the white 200-day moving average line in the process. * In the weekly timeframe, it's easy to tell this recent action is all part of the movement within a well-defined trading range. There's still a big span between the current price and the upper edge of the range. * While Marathon appears to be more willing to do its own thing than be subject to the ebbs and flows in oil and gas prices, headlines and oil-related news could still make or break this rally effort.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Tech Stocks With Too Much Risk, Not Enough Upside * 7 Companies That Are Closing the CEO-Worker Wage Gap * 7 Video Game ETFs That Will Make You a Winner Compare Brokers The post 3 Big Stock Charts for Tuesday: Marathon Oil, Fifth Third Bancorp and IHS Markit appeared first on InvestorPlace.
Stocks that moved substantially or traded heavily on Monday: Kimberly-Clark Corp., up $6.70 to $130.25 The maker of Kleenex tissues and other consumer products reported a surge in profit that beat forecasts. ...