|Bid||15.02 x 28000|
|Ask||18.20 x 800|
|Day's Range||17.55 - 17.82|
|52 Week Range||12.57 - 24.20|
|Beta (3Y Monthly)||1.70|
|PE Ratio (TTM)||13.75|
|Earnings Date||May 1, 2019|
|Forward Dividend & Yield||0.20 (1.20%)|
|1y Target Est||21.60|
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.
Initial Step in Creating EG Gas Mega Hub HOUSTON , April 1, 2019 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) and its partners announced today they have executed the Definitive Agreements with ...
Noble Energy and partners will build a pipeline linking Equatorial Guinea's offshore gas fields to an onshore liquefied natural gas (LNG) plant to boost exports, the African nation's government said on Monday. Under a deal with the government the 70 km (44 miles) pipe will have capacity for 950 million cubic feet of gas per day from fields operated by Noble and will be ready in the first quarter of 2021. Once liquefied at the export plant, which is run by Marathon Oil, the gas will be shipped to markets across the globe.
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! Lee Tillman has been the CEO of Marathon Oil Corporation (NYSE:MRO) since 2013. This analysis aims first to contra...
NEW YORK, March 27, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
With low breakeven levels, these oil companies are on track to produce a gusher of free cash if crude stays around its current level.
Murphy Oil's (MUR) subsidiary enters into an agreement to sell Malaysian assets. It intends to utilize the proceeds to develop domestic oil assets, strengthen its balance sheet and buy back shares.
The Zacks Analyst Blog Highlights: Energy Transfer, Phillips 66, Marathon, Hess and Marathon Oil.
Although it spent most of the day in the black, when push came to shove at the end of the day, the S&P 500 ended Wednesday in the red. It was the second straight day of modest losses, but underscored by rising bearish volume.Bank of America (NYSE:BAC) set the tone, if not the pace, falling 3.4% largely thanks to news that the Federal Reserve was dialing back its plans to raise interest rates this year. Lower interest rates general translate into modest bank profits. Rivals Citigroup (NYSE:C) and Wells Fargo (NYSE:WFC) booked oversized losses too, however.At the other end of the spectrum, Netflix (NASDAQ:NFLX) jumped 4.6% on bullish comments from RBC analyst Mark Mahaney. Mahaney cites, among other things, continued positive perceptions from its customers and the fact that new competition underscores the further legitimization of the alternative to traditional cable television.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNone of those tickers make for particularly great trading today, however. Rather, it's the stock charts of Marathon Oil (NYSE:MRO), Freeport-McMoRan (NYSE:FCX) and 3M (NYSE:MMM) of the most interest. Here's why. 3M (NYSE:MMM)It's not over the final hump just yet, but 3M stock is knocking on that door. And, it's doing so with the most bullish of backdrops. * 5 Cloud Stocks to Help Your Portfolio Fly If MMM can muster one more big thrust, it could set off a chain reaction of buying that may well reclaim much of what was lost in 2018. Click to Enlarge • The "final hump" is $211.80, where 3M stock peaked in December and again in February. It peeled back from the February effort, but is moving back within striking distance.• As of today, the purple 50-day moving average line is above the white 200-day moving average line. This so-called "golden cross" generally portends more bullishness.• It was the February setback and rebound that got the breakout effort renewed in perfect form. The gray 100-day and the 50-day moving average lines both acted as the support they needed to be … something neither had done in some time. Freeport-McMoRan (FCX)Back on Feb. 20, Freeport-McMoRan was highlighted as a breakout candidate. Shares had then-recently pushed through a couple of technical resistance levels, and were acting as if they were ready and willing to keep trucking.They didn't. After hitting their 200-day line that very day, the profit-takers came out of the woodwork. The bigger-picture bullish effort has been renewed though, exactly where and how it needed to. The next dance with the 200-day moving average line, plotted in white on both stock charts, could prove a bullish catalyst. Click to Enlarge • The reversal back into a bullish trend took shape right at the purple 50-day moving average line. This is precisely where one would want to see the bulls take a stand.• Although the volume is still below average, notice that the selling volume was waning on the way down, while the bullish volume has been building on the way up this week.• The white 200-day moving average line near $13.40 is still likely to act as resistance, but if it yields to the uptrend, there's little left that stands in the way. The next line in the sand is around $14.50, which lines up with the major peaks hit in the first half of last year. Marathon Oil (MRO)Finally, Marathon Oil is at an inflection point. Most oil and energy names are, prodded by rising oil and gas prices in an environment that suggests the slow uptrend is built to last. More than most other tickers from the energy sector though, MRO is well-positioned for a sizeable move higher. Click to Enlarge • The inflection point is $17.90, plotted with a white line on the daily chart. That level was a floor in October, but became a ceiling in November.• Like many other stocks, MRO is pushing up and off of support offered by the purple 50-day moving average line early this month.• Zooming out to the weekly chart of Marathon, we find that the December low is also a push up and off the same support line that has guided shares higher since 2016's bottom. Assuming the upper boundary of the range remains in play, MRO could rally back to at least $24 before hitting its ultimate resistance.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 Invincible Stocks Leading The Bull Market Higher * 5 Dow Jones Stocks Coming to Life * 7 of the Best High-Yield Funds for 2019 and Beyond Compare Brokers The post 3 Big Stock Charts for Thursday: Freeport-McMoRan, 3M and Marathon Oil appeared first on InvestorPlace.
The retired CEO of Houston-based Marathon Oil Corp. (NYSE: MRO) plans to leave Enbridge's board of directors this year. Clarance Cazalot, who was also on Houston-based Spectra Energy Inc.’s board until Enbridge Inc. (NYSE: ENB) bought it in 2017, will not stand for reelection to his position on the Enbridge board in May, according to a filing published by the Securities and Exchange Commission on March 12. Cazalot has been on Enbridge’s board since the Spectra acquisition in February 2017, but other personal and professional demands on his time have led him not to seek re-election at the company’s annual meeting of shareholders, according to the SEC filing.
Marathon Oil (MRO) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.