Marathon Oil Corporation (NYSE:MRO) is expected to report third quarter earnings results, after market close, on Wednesday 4th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 0.28 per share.
Looking ahead, the full year loss are expected at $ 1.25 per share on the revenues of $ 3100.61 million.
Previous Quarter Performance
Marathon Oil Corporation unfold loss for the second quarter of $ 0.60 per share, from the revenue of $ 272.00 million. The consensus estimates are loss of $ 0.60 per share from $ 622.91 million in revenue. The top line results fell short of analysts by $ 350.91 million or 56.33 percent.
Stock Performance
Shares of Marathon Oil Corporation traded low $ -0.01 or -0.24 percent on Tuesday, reaching $ 4.14 with volume of 26.93 million shares. Marathon Oil Corporation has traded high as $ 4.30 and has cracked $ 4.10 on the downward trend
According to the previous trading day, closing price of $ 4.14, representing a 37.42 % increase from the 52 week low of $ 3.02 and a 70.5 % decrease over the 52 week high of $ 14.07.
The company has a market capital of $ 3.27 billion and is part of the Energy sector and Oil & Gas E&P industry.
Recent Analyst recommendations
- On 19th October 2020, maintained by Morgan Stanley at Underweight rating, with $ 4.50 target price.
Marathon Oil Corporation operates as an energy company in the United States, Equatorial Guinea, the United Kingdom, and Libya. It operates in two segments, United States and International. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol.
