|Bid||16.20 x 21500|
|Ask||18.94 x 800|
|Day's Range||18.11 - 18.89|
|52 Week Range||12.57 - 24.20|
|Beta (3Y Monthly)||1.70|
|PE Ratio (TTM)||14.07|
|Earnings Date||May 1, 2019|
|Forward Dividend & Yield||0.20 (1.20%)|
|1y Target Est||21.60|
HOUSTON , April 24, 2019 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) announced today that the Company's board of directors has declared a dividend of 5 cents per share on Marathon Oil Corporation ...
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. ...
Brent crude futures closed 2.9 percent higher Monday after U.S. Secretary of State Mike Pompeo said no more waivers will be issued on sanctions aimed at isolating the Islamic Republic. In response, Iran threatened to shut the Strait of Hormuz, a key maritime chokepoint for Persian Gulf producers, and said it’s engaged in “intensive” talks with partners to blunt the impact of Trump’s escalation.
Crude oil prices are blitzing higher on Monday, with West Texas Intermediate pushing towards the $70-a-barrel level, after the President Donald Trump Administration announced the United States is ending sanction wavers on Iranian oil imports in early May. With the start of the summer driving season nearly upon us, the energy bulls are wasting no time bidding up key stocks in the space on supply concerns.Of course, this could create a number of macroeconomic problems down the road. Higher at-the-pump prices will pinch consumer spending power. It will bolster inflation measures. And it could well result in the end of the Federal Reserve's recent dovish tilt. * 7 Tech Stocks With Too Much Risk, Not Enough Upside But for now, higher prices means more revenue for oil and gas stocks. Here are four on the move:InvestorPlace - Stock Market News, Stock Advice & Trading Tips Exxon Mobil (XOM)Exxon Mobil (NYSE:XOM) shares are testing the upper end of a two-month consolidation range bounded by the upper reaches of the sideways channel seen late last year. A breakout here would put the September high near $85 in play, which would be worth a gain of nearly 4% from here.The all-time high of $88 set in 2014 belies that fact the stock has been drifting sideways for nearly five years, since oil prices peaked and the Saudis unleashed their price war against U.S.-based shale producers. The company will next report results on April 26 before the bell. Analysts are looking for earnings of 74 cents per share on revenues of $67.4 billion. When the company last reported on Feb. 1, earnings of $1.41 beat earnings by 33 cents on an 8.1% rise in revenues. Chevron (CVX)Chevron (NYSE:CVX) is benefiting from a recent ruling by the Dutch Supreme Court in its fight against a lawsuit from the Republic of Ecuador for fraud and corruption. Watch for shares to move back above their 50-day moving average and break up and out of a three-year long sideways pattern. * 5 Dividend Stocks Perfect for Retirees The company will next report results on April 26 before the bell. Analysts are looking for earnings of $1.31 per share on revenues of $37.4 billion. When the company last reported on Feb. 1, earnings of $1.95 beat estimates by six cents on a 12.6% rise in revenues. Hess (HES)Hess (NYSE:HES) shares are extending higher on Monday, pushing further away from their golden cross as the 50-day average rallies above the 200-day average. Watch for a move to the prior high near $73, which would be worth a gain of nearly 10% from here. The strength comes despite a recent downgrade by MKM Partners analysts, who are still looking for a $71 price target.The company will next report results on April 25 before the bell. Analysts are looking for a loss of 27 cents per share on revenues of $1.4 billion. When the company last reported on Jan. 30, a loss of 31 cents per share beat estimates by seven cents on a 30.3% rise in revenues. Marathon Oil (MRO)Shares of Marathon Oil (NYSE:MRO) are perking up and over their 200-day moving average, exiting a downtrend pattern that has been in place since October. Already up roughly 50% from the low set in late December, watch for a run at the prior high near $24, which would be worth another 30% move from here. * 10 S&P 500 Stocks to Weather the Earnings Storm The company will next report results on May 1 after the close. Analysts are looking for earnings of seven cents per share on revenues of $1.3 billion. When the company last reported on Feb. 13, earnings of 15 cents per share beat estimates by a penny on a 27.7% rise in revenues.As of this writing, William Roth did not hold a position in any of the aforementioned securities. 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 4 Energy Stocks Soaring as Trump Tightens on Iran appeared first on InvestorPlace.
SINGAPORE (AP) — Asian stocks were mixed on Tuesday while oil prices soared to their highest level since October after the U.S. said it would soon impose sanctions on all buyers of Iranian oil.
Shares of energy companies were broadly higher Monday, as crude oil prices jumped toward a 5 1/2-month high on supply concerns after reports that the U.S. will announce the end of waivers for countries to import Iranian oil. Also giving the sector a boost was better-than-expected first-quarter results from oil services company Halliburton Co. before the open. The SPDR Energy Select Sector ETF rose 0.8%, with 27 of its 30 equity components gaining ground, led by the 1.8% rally in Marathon Oil Corp.'s stock . Halliburton shares gained 0.1%. Among other more active energy ETF (XLE) components, shares of Kinder Morgan Inc. advanced 1.3%, Exxon Mobil Corp. rose 1.4% and Chevron Corp. tacked on 0.7%. Among the few losers, Schlumberger Ltd.'s stock gave up 0.3% and Anadarko Petroleum Corp. shares slipped 0.3%. The XLE has rallied 18.2% year to date while the S&P 500 has gained 15.8%.
Female leaders in the oil and gas industry told a women in energy panel Tuesday about the challenges of recruiting and gave advice to young women entering the workforce.
Karen Thompson, general counsel for Nustar Energy LP, was one of four women in energy who spoke at a panel Tuesday about the challenges facing the oil and gas industry.
RBC upgraded Marathon Oil Corporation (NYSE: MRO ) and downgraded BP plc (NYSE: BP ) Tuesday, saying growth looks good for both companies — but BP is less of a value after its recent outperformance. ...
HOUSTON , April 8, 2019 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) announced today it plans to issue its first quarter 2019 earnings news release on Wednesday, May 1 , after the close of U.S. ...
Hedge funds and large money managers usually invest with a focus on the long-term horizon and, therefore, short-lived dips on the charts, usually don't make them change their opinion towards a company. This time it may be different. During the fourth quarter of 2018 we observed increased volatility and small-cap stocks underperformed the market. Hedge […]
Marathon Oil Corp NYSE:MROView full report here! Summary * Perception of the company's creditworthiness is neutral * ETFs holding this stock are seeing positive inflows * 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 | PositiveETF activity is positive. Over the last month, ETFs holding MRO are favorable, with net inflows of $8.82 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS MarkitThere is no PMI sector data available for this security. Credit worthinessCredit default swap | NeutralThe current level displays a neutral 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.
U.S. shale producers last year again spent more money than they collected, extending a years-long streak of putting oil output above cash flow and investor returns, according to a Reuters analysis of top independent producers. Total overspending by the group was $6.69 billion in 2018, according to Morningstar data provided to Reuters by the Sightline Institute and the Institute for Energy Economics and Financial Analysis. While total overspending was down slightly from a year earlier, stock prices in the sector have slid at a time when U.S. share prices in general have posted strong gains.
The " Fast Money " traders shared their first moves for the market open.Tim Seymour was a buyer of Activision Blizzard ATVI .Brian Kelly was a buyer of Freeport-McMoRan FCX .Steve Grasso was a buyer of Take-Two Interactive TTWO .
After weeks of stagnation, Encana (NYSE:ECA) is poised for bigger things. The Canadian exploration and production company completed its purchase of Newfield Exploration in February. ECA stock could finally see a move higher for a couple of reasons.Source: Shutterstock This makes Encana the second-largest producer of unconventional resources in North America. More important, the company also appears poised to benefit from rising oil prices.Due to the increasing value of its unconventional energy, Encana stock looks poised to drill for increasing value.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The Elite 8 Stocks to Buy for Massive Outperformance ECA Stock and an Oil-Focussed ApproachBased in Calgary, Alberta, Encana owns key assets in the Duvernay and Montney resources in the Canadian Rockies. ECA also benefits from substantial holdings in Texas's Permian Basin and Eagle Ford shales.Now, the Newfield deal brings access to fields in the Anadarko Basin in Oklahoma. Moreover, much like its embattled peer Chesapeake Energy (NYSE:CHK), it moves to decrease its dependence on natural gas. Thanks to the assets from Newfield, liquids will now make up more than 50% of the company's total production.ECA also has moved to enhance its financial stability. It has paid down more than half of the debt it had built up from the energy boom in the early part of the decade.Holding $3.7 billion in long-term debt may look heavy compared to its $7.45 billion in stockholders' equity. Still, it compares well to close competitors such as Marathon Oil (NYSE:MRO) and larger peers such as ConocoPhillips (NYSE:COP) The Encana RecoverySince hitting lows in 2016, revenues have trended higher every year. The company returned to profitability in 2017. Despite falling back this year, analysts expect profit growth to resume next year. On average, Wall Street forecasts 12.52% earnings growth per year over the next five years for ECA. And this stands despite a forward price-to-earnings (PE) ratio of only 7.6.In some respects, one can understand the low multiple. Encana operates in the volatile upstream oil market. Exploration and production companies depend on higher oil prices to remain profitable. Hence, ECA and its peers will likely take a hit if another oil price slump occurs.Indeed, the oil price slump of late last year took the stock from the $13 per share level to as low as $5 per share by late December. It quickly recovered to the $7 per share level by mid-January. However, ECA has seen little movement since then. OPEC and ECA stockThat could change. Due to the Newfield deal, Encana raised its dividend from 1.5 cents to 1.9 cents per share every quarter. Moreover, ECA shareholders appear positioned to receive a much larger "payout" thanks to OPEC.As oil prices go so goes upstream oil stocks. This becomes even more true for ECA as the production of liquids becomes increasingly important. Members of OPEC and ten non-OPEC countries instituted production cuts in early January. This had led to a substantial turnaround.WTI Crude briefly traded below $43 per barrel in late December. Now with the reductions, prices have rebounded above $60 per barrel. If the market can sustain or exceed that price point on oil, ECA \will probably receive the boost it needs to return to double-digit price levels. Final Thoughts on ECA StockDue to a de facto status as a proxy for oil price, ECA stock should rise along with these prices. The recent purchase of Newfield makes Encana more of an oil than a natural gas company.For this reason, it stands to benefit more from rising oil prices than it had in the past. Now, with the OPEC-led production costs pushing oil prices higher, its drilling activity should lead to more profits.As things stand now, the production cut will only hold until the end of June. Admittedly, if production cuts end and prices fall back, the near-term investment prospects could fall apart. Still, for at least the next three months, investors should like what they see from ECA stock.As of this writing, Will Healy is long CHK stock. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks That Transformed Their Business * 8 Genomic Testing Stocks That Can Ease the Sting of Theranos * 7 Weak Blue-Chip Stocks to Trim Immediately Compare Brokers The post ECA Stock Is Right Where It Needs to Be as Oil Prices Start Rising appeared first on InvestorPlace.