Detailed Review Of Prospects For Marathon Oil Corporation Stock

Marathon Oil Corporation [MRO] stock is trading at $27.85, down -0.89%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The MRO shares have gain 3.92% over the last week, with a monthly amount glided 0.40%, and seem to be holding up well over a long-time horizon.

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On 11, January 2023, Marathon Oil Schedules Fourth Quarter and Full-Year 2022 Earnings Release and Conference Call. In a post published today on Yahoo Finance, Marathon Oil Corporation (NYSE: MRO) announced today it plans to issue its fourth quarter and full-year 2022 earnings news release on Wednesday, Feb. 15, after the close of U.S. financial markets.

From an analyst’s perspective:

Marathon Oil Corporation [NYSE: MRO] stock has seen the most recent analyst activity on January 24, 2023, when Morgan Stanley upgraded its rating to a Overweight and also boosted its price target to $28 from $27. Previously, Mizuho downgraded its rating to Neutral on January 10, 2023, and kept the price target unchanged to $32. Jefferies started tracking the stock assigning a Hold rating and suggested a price target of $30 on October 19, 2022. Citigroup downgraded its rating to a Neutral and reduced its price target to $24 on June 24, 2022. Susquehanna upgraded its rating to Positive for this stock on April 25, 2022, but kept the price target unchanged to $32. In a note dated March 02, 2022, The Benchmark Company downgraded an Hold rating on this stock.

Marathon Oil Corporation [MRO] stock has fluctuated between $17.01 and $33.42 over the past year. Currently, Wall Street analysts expect the stock to reach $34.53 within the next 12 months. Marathon Oil Corporation [NYSE: MRO] shares were valued at $27.85 at the most recent close of the market. An investor can expect a potential return of 23.99% based on the average MRO price forecast.

Analyzing the MRO fundamentals

Marathon Oil Corporation [NYSE:MRO] reported sales of 2.01 billion for the most recent quarter, which represents a growth of 55.30%. Gross Margin for this corporation currently stands at +38.17% with Operating Margin at +27.26%, Pretax Margin comes in at +17.93%, and Net Margin reading is +16.89%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 25.89 points at the first support level, and at 23.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.18, and for the 2nd resistance point, it is at 34.50.

Marathon Oil Corporation [MRO] reported earnings per share of $1.32 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.26/share, meaning a difference of $0.06 and a surprise factor of 4.80%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $1.02 per share as compared to estimates of $0.92 per share, a difference of $0.1 representing a surprise of 10.90%.

Ratios To Look Out For

For context, Marathon Oil Corporation’s Current Ratio is 1.10. In addition, the Quick Ratio stands at 1.07 and the Cash Ratio stands at 0.35. Considering the valuation of this stock, the price to sales ratio is 2.31, the price to book ratio is 1.14 and the P/E (TTM) ratio is 5.35.

Transactions by insiders

In the past 3 months, 5 insiders have purchased 310,493 shares, and 15 have sold 591,629 shares. Recent insider trading involved Whitehead Dane E, Executive VP and CFO, that happened on Nov 16 when 90588.0 shares were sold. Chairman, President and CEO, TILLMAN LEE M completed a deal on Nov 11 to sell 30000.0 shares. Meanwhile, Warnica Kimberly O. sold 5000.0 shares on Nov 11.