Company Update (NYSE:MRO): Independent Oil & Gas Stocks Technical Insight — Marathon Oil, Chesapeake Energy, Oasis Petroleum, and Southwestern Energy

[Accesswire] – NEW YORK, NY / ACCESSWIRE / January 22, 2016 / Park Lane Advisor has initiated coverage on the following equities: Marathon Oil Corporation (NYSE: MRO), Chesapeake Energy Corporation (NYSE: CHK), Oasis … Read more on this. Marathon Oil Corporation (MRO) , valued at $6.11B, started trading this morning at $10.20. During today’s session, MRO traded between $8.64 to $10.63 with the price of the stock fluctuating between $7.08 to $31.53 over the last 52 weeks. Priced at -6.92x this year’s forecasted earnings, MRO shares are relatively inexpensive compared to the industry ’s 13.54x forward p/e ratio. And for dividend hunters, the company pays shareholders $1.29 per share annually in dividends, yielding 16.80%. Consensus earnings for the current quarter by the 23 sell-side analysts covering the stock is an estimate of $-0.45 per share, which would be $0.00 better than the year-ago quarter and a $0.00 sequential increase. The full-year EPS estimate is $-1.27 which would be a $3.80 worse than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.18 Billion. If reported, that would be a 52.80% decrease over the year-ago quarter. In terms of ratings, Morgan Stanley downgraded MRO from Overweight to Equal-Weight (Jan 12, 2016). Previously, Barclays upgraded MRO from Equal Weight to Overweight. When considering if the stock is under or overvalued, the average price target is $17.48, which is 71.37% above where the stock opened this morning. See more in (NYSE:MRO) Similar Articles: Company Update (NYSE:MRO): Marathon Oil Corporation Adjusts Quarterly Dividend Market Update (NYSE:MRO): Gaurdie Banister elected to Marathon Oil Corporation Board of Directors Stock Update: Marathon Oil Corporation (NYSE:MRO) – Marathon Oil Corporation to Participate in Barclays CEO Energy-Power Conference