Marathon Oil Corporation (NYSE:MRO) announced it plans to issue its second quarter 2015 earnings news release on Wednesday, Aug. 5, after the close of U.S. financial markets.
Prepared remarks along with accompanying slides will be available on the Company’s website approximately one hour after the earnings news release is issued. The Company will conduct a question-and-answer conference call, which will be webcast live, on Thursday, Aug. 6, at 9 a.m. EDT.
Chris Phillips and Zach Dailey, co-directors of Investor Relations, will host the call. Also participating from Marathon Oil will be Lee M. Tillman, president and CEO; John R. (J.R.) Sult, executive vice president and chief financial officer; T. M. (Mitch) Little, vice president, International and Offshore Exploration and Production Operations; and Lance W. Robertson, vice president, North America Production Operations. The call will include forward-looking information. (Original Source)
Shares of Marathon Oil Corp closed yesterday at $26.61 . MRO has a 1-year high of $41.92 and a 1-year low of $24.28. The stock’s 50-day moving average is $27.38 and its 200-day moving average is $27.43.
On the ratings front, Marathon Oil Corp has been the subject of a number of recent research reports. In a report issued on June 1, Deutsche Bank analyst Ryan Todd maintained a Buy rating on MRO, with a price target of $35, which represents a potential upside of 31.5% from where the stock is currently trading. Separately, on May 14, Barclays’ Thomas Driscoll maintained a Hold rating on the stock and has a price target of $26.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Ryan Todd and Thomas Driscoll have a total average return of -0.2% and 2.6% respectively. Todd has a success rate of 48.2% and is ranked #2787 out of 3640 analysts, while Driscoll has a success rate of 52.2% and is ranked #1450.
In total, one research analyst has assigned a Hold rating and 4 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $31.00 which is 16.5% above where the stock closed yesterday.
Marathon Oil Corp is an energy company engaged in the exploration, production and marketing of liquid hydrocarbons and natural gas, production and marketing of products manufactured from natural gas and oil sands mining.