NEW YORK (TheStreet) -- Marathon Oil Corp. (MRO - Get Report) stock is gaining 2.02% to $7.56 in after-hours trading Wednesday after the energy company delivered 2015 fourth quarter revenue that exceeded expectations.

Revenue declined 41% year-over-year to $1.48 billion, but surpassed Thomson Reuters estimates of $1.17 billion for the latest quarter.

The Houston-based company posted a loss of 48 cents per share for the last three months of 2015, in line with estimates.

Production during the quarter averaged 432,000 barrels of oil equivalent per day, compared with 461,000 barrels of oil equivalent per day for the 2014 fourth quarter.

"Operational results were supported by a more than 20% increase in Oklahoma unconventional volumes while maintaining flat production levels in the Eagle Ford," CEO Lee Tillman said in a statement.

Additionally, Marathon Oil plans to reduce its 2016 capital expenditures by more than 50% to $1.4 billion, compared with 2015. Production this year is expected to drop 6% to 8% with an average output of 335,000 to 355,000 net barrels of oil equivalent per day.

Separately, Marathon Oil has a "sell" rating and a letter grade of D+ at TheStreet Ratings because of the company's deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing stock performance and feeble earnings per share growth.

You can view the full analysis from the report here: MRO

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. 

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