Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Capital Markets

<ul><li>It was a successful first quarter for Marathon Oil as it delivered an all-around beat with strong financial and operational performance.</li><li>The company exceeded its commitment to return at least 40% of its cash flow from operations to shareholders, generating strong free cash flow despite not receiving any EG cash dividends.</li><li>First-quarter oil production was consistent with guidance, and the company expects an improving trend in the second and third quarters.</li></ul>

It was a successful first quarter for Marathon Oil as it delivered an all-around beat with strong financial and operational performance.The company exceeded its commitment to return at least 40% of its cash flow from operations to shareholders, generating strong free cash flow despite not receiving any EG cash dividends.First-quarter oil production was consistent with guidance, and the company expects an improving trend in the second and third quarters.

Marathon Oil Corporation: Significant Strategic Progress in Equatorial Guinea – Key Drivers

<ul><li>Marathon Oil delivered a mixed result for the quarter as it surpassed the revenue expectations of Wall Street.</li><li>It brought 13 wells to sales, among which 8 were 2-mile laterals and the productivity for these extended laterals is very strong.</li><li>We provide the stock of Marathon Oil Corporation with a ‘Hold’ rating with a revision in the target price.</li></ul>

Marathon Oil delivered a mixed result for the quarter as it surpassed the revenue expectations of Wall Street.It brought 13 wells to sales, among which 8 were 2-mile laterals and the productivity for these extended laterals is very strong.We provide the stock of Marathon Oil Corporation with a ‘Hold’ rating with a revision in the target price.

Marathon Oil: Acquisition Of Eagle Ford Assets Of Ensign Resources & Other Drivers

Equity Bottom-Up

<ul><li>Marathon's previous quarter was one of its best financial performances since transitioning to an independent E&P company.</li><li>Despite these factors, the company delivered an all-around beat and continues to reward its shareholders with capital returns.</li><li>In this report, we have carried out a fundamental analysis of the historical financial statements of the company.</li></ul>

Marathon's previous quarter was one of its best financial performances since transitioning to an independent E&P company.Despite these factors, the company delivered an all-around beat and continues to reward its shareholders with capital returns.In this report, we have carried out a fundamental analysis of the historical financial statements of the company.

Marathon Oil: Enhancement of Retail Operations & Other Drivers

<ul><li>Marathon Oil delivered a mixed result for the previous quarter as it failed to meet Wall Street expectations on the revenue front but managed to deliver an earnings beat.</li><li>They generated $1.3 billion in cash flow from operations and $940 million in free cash flow before working capital with a reinvestment rate of just 27%.</li><li>Despite a flat production rate, the company is expected to benefit from the bull run of oil prices.</li></ul>

Marathon Oil delivered a mixed result for the previous quarter as it failed to meet Wall Street expectations on the revenue front but managed to deliver an earnings beat.They generated $1.3 billion in cash flow from operations and $940 million in free cash flow before working capital with a reinvestment rate of just 27%.Despite a flat production rate, the company is expected to benefit from the bull run of oil prices.

Marathon Oil Corporation: Portfolio Restructuring

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>The latest bear market rally came to a close last week after the S&amp;P 500 and Nasdaq 100 (QQQ) broke below their respective flag supports at 4070 and $304. </li>
<li>Last week we noted a break of these levels would likely mean a trip back to YTD lows and downtrend channel support, which is precisely where we are now.</li>
<li>We remain bearish as long as the downtrends remain intact on the S&amp;P 500, Nasdaq 100 (QQQ), Russell 2000 (IWM), S&amp;P 600 (IJR), and Russell Micro-Caps (IWC)</li>
</ul>


The latest bear market rally came to a close last week after the S&amp;P 500 and Nasdaq 100 (QQQ) broke below their respective flag supports at 4070 and $304. 
Last week we noted a break of these levels would likely mean a trip back to YTD lows and downtrend channel support, which is precisely where we are now.
We remain bearish as long as the downtrends remain intact on the S&amp;P 500, Nasdaq 100 (QQQ), Russell 2000 (IWM), S&amp;P 600 (IJR), and Russell Micro-Caps (IWC)


US Dollar & 10-Year Treasury Yield Breaking Out; Stick With Energy, Also Buying China Education Svcs

United States

Marathon Oil Corporation is an independent international energy company engaged in exploration and production, oil sands mining and integrated gas. The Company's operations are focused in North America, Africa and Europe.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Marathon Oil (MRO US)

Marathon Oil Corporation: Significant Strategic Progress in Equatorial Guinea – Key Drivers

It was a successful first quarter for Marathon Oil as it delivered an all-around beat with strong financial and operational performance. The...

Baptista Research

Marathon Oil: Acquisition Of Eagle Ford Assets Of Ensign Resources & Other Drivers

Marathon Oil delivered a mixed result for the quarter as it surpassed the revenue expectations of Wall Street. It brought 13 wells to sales, among...

Baptista Research

Marathon Oil: Enhancement of Retail Operations & Other Drivers

Marathon's previous quarter was one of its best financial performances since transitioning to an independent E&P company. Despite these...

Baptista Research

Marathon Oil Corporation: Portfolio Restructuring

Marathon Oil delivered a mixed result for the previous quarter as it failed to meet Wall Street expectations on the revenue front but managed to...

Baptista Research

US Dollar & 10-Year Treasury Yield Breaking Out; Stick With Energy, Also Buying China Education Svcs

US Dollar $DXY & 10-Year Treasury Yield $TNX Breaking Out; Broad Equity Market Not Likely to Bottom Until the USD and Treasury Yields Start Moving...

Vermilion Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)