Energy Stock Update: Exxon Mobil, Marathon Oil

Exxon Mobil – Exxon Mobil Corporation tumbled on Thursday, ending the session at $79.33, despite the fourth consecutive day of gains in oil prices. Several research firms evaluated the company’s stock performance.

GmbH gave Exxon Mobil a rating of ‘neutral’ and a target price of $83. Vetr gave it a rating of ‘buy’ and a target price of $83.46. Goldman Sachs gave it a rating of ‘buy’ and a target price of $85. Deutsche Bank gave it a rating of ‘hold’. Morning Star gave it a rating of ‘buy’.

Presently, Exxon Mobil holds an average rating of ‘hold’ and a consensus target price of $84.41. The company has a current market cap of $330.25 billion and a price to earnings (P/E) ratio of 16.76. Exxon Mobil has a 50-day moving average price of $79.45 and a 200-day moving average price of $79.22.

In its latest quarterly results, Exxon Mobil reported an earnings per share (EPS) of $1.01, topping analysts’ forecasts of $0.89. For the period, the company had a total revenue of $67.34 billion, beating analysts’ expectations of $63.75 billion. However, its revenue is down by 37.10 percent year-over-year. During the same quarter last year, Exxon Mobil reported an EPS of $1.89. Analysts expect the company to post an EPS of $3.92 for the current fiscal year.

Marathon Oil

On Thursday, Marathon Oil Corporation also slid 0.21 percent, closing the session at $13.93.

A total of 5.71 million shares were exchanged during the session, well below a daily average of 12.18 million shares.

Currently, the company has a market cap of $9.45 billion.

Several research firms also evaluated Marathon Oil’s stock performance.

Vetr gave the company a rating of ‘strong buy’ and a target price of $20.78. Credit Suisse gave it a rating of ‘focus list’ and a target price of $25. Tudor Pickering gave it a rating of ‘hold’ and a target price of $35. Zacks Investment Research gave it a rating of ‘hold’. Howard Weil gave it a rating of ‘sector perform’. Nomura gave it a rating of ‘buy’.

Currently, Marathon Oil has an average rating of ‘hold’ and a consensus target price of $26.01.

In its latest quarterly results, the company reported an EPS of $0.20. For the period, Marathon Oil had a total revenue of $1.32 billion, missing analysts’ projections of $1.38 billion. Its revenue is down by 55.50 percent year-over-year. During the same quarter last year, Marathon Oil reported an EPS of $0.57. Analysts forecast the company to post an EPS of $1.23 for the current fiscal year.

Zacks Investment Research noted of the company, “Marathon Oil is a leading energy firm with a large and geographically-diverse reserve base and solid project pipeline. Additionally, it possesses a healthy balance sheet, which helps it to capitalize on investment opportunities. We also like the strong growth potential of Marathon’s high-margin liquids-rich unconventional plays, which diversify its portfolio and are expected to further drive its overall volumes. While being incrementally more positive on the company, we believe Marathon’s earnings and cash flows are bound to feel the heat from the ongoing price slump.”