Marathon Oil: Wall Street Ratings after 4Q17 Earnings
As of February 15, Reuters reported 26 analysts with recommendations on Marathon Oil (MRO).
Marathon Oil announced its 4Q17 earnings on February 14, after the market closed.
For 4Q17, Marathon Oil (MRO) reported operating cash flow of ~$501 million, which is much lower than Wall Street analysts’ expectation of ~$685 million.
Marathon Oil’s (MRO) production from continuing operations came in at 383 Mboepd, which is lower than the mid-point of its 4Q17 production guidance range of 375–395 Mboepd.
For 4Q17, Marathon Oil (MRO) reported revenues of ~$1.4 billion, higher than the Wall Street analyst consensus of ~$1.3 billion.
Marathon Oil (MRO) announced its 4Q17 earnings on February 14 after the market closed.
On February 15, 2018, natural gas’s implied volatility was at 28.9%—21.5% less than its 15-day average.
On February 15, 2018, US crude oil’s implied volatility was at 24.3%—10% more than its 15-day average.
On February 8–15, 2018, the Energy Select Sector SPDR ETF (XLE) rose 2.4%—the least on our list of sector-based SPDR ETFs.
In the seven calendar days to February 15, 2018, natural gas March futures fell 4.3%. Natural gas has a weak influence on energy stocks.
On February 15, 2018, US crude oil’s April 2018 futures rose 1.1% and settled at $61.17 per barrel. On the same day, the US dollar fell 0.6%.
Hedge funds’ net long positions in US natural gas futures and options contracts declined 14.2% to 187,052 on January 30–February 6, 2018.
US natural gas consumption dropped ~7% to 86.4 Bcf (billion cubic feet) per day on February 8–14, 2018, according to PointLogic.
US dry natural gas production increased 0.3% to 78.1 Bcf (billion cubic feet) per day on February 8–14, 2018, according to PointLogic.
Baker Hughes, a General Electric (GE) company, will release its weekly US natural gas rig count report on February 16, 2018.
US natural gas inventories declined by 194 Bcf (billion cubic feet) to 1,884 Bcf on February 2–9, 2018, according to the EIA.
NYMEX natural gas futures contracts for March delivery fell 0.27% to $2.58 per MMBtu on February 15, 2018.
Approximately 52% of analysts have rated Antero Resources (AR) as a “buy.”
Implied volatility in Antero Resources (AR) stock as of February 13, 2018, was ~47.2%, which is ~18% higher than the 15-day average of 40.1%.
Following fears of rising inflation and the possibility of rising interest rates, several US stocks including Antero Resources have plunged recently.