At the time of writing, Marathon Oil Corporation [MRO] stock is trading at $27.71, up 0.98%. An important factor to consider is whether the stock is rising or falling in short-term value. The MRO shares have gain 2.25% over the last week, with a monthly amount glided 14.08%, and seem to be holding up well over a long-time horizon.
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On 26, March 2024, Marathon Oil Corporation Announces Pricing of Offering of $600 Million of Senior Notes Due 2029 and $600 Million of Senior Notes Due 2034. In a post published today on Yahoo Finance, Marathon Oil Corporation (NYSE: MRO) (the “Company”) announced today that it has priced an offering of senior notes in an aggregate amount of $1.2 billion, consisting of $600 million principal amount of its 5.300% Senior Notes due 2029 and $600 million principal amount of its 5.700% Senior Notes due 2034.
From an analyst’s perspective:
Marathon Oil Corporation [NYSE: MRO] stock has seen the most recent analyst activity on March 14, 2024, when Argus upgraded its rating to a Buy but kept the price target unchanged to $31 for it. Previously, Morgan Stanley downgraded its rating to Equal-Weight on December 11, 2023, and dropped its price target to $25. On July 12, 2023, upgrade upgraded it’s rating to Neutral but maintained its price target of $25 on the stock. UBS started tracking the stock assigning a Buy rating and suggested a price target of $33 on April 19, 2023. Citigroup upgraded its rating to a Buy but $27 remained the price target by the analyst firm on March 23, 2023. The Benchmark Company upgraded its rating to Buy for this stock on February 16, 2023, but kept the price target unchanged to $32. In a note dated January 25, 2023, Wells Fargo initiated an Overweight rating and provided a target price of $41 on this stock.
For the past year, the stock price of Marathon Oil Corporation fluctuated between $21.63 and $29.56. Currently, Wall Street analysts expect the stock to reach $28.06 within the next 12 months. Marathon Oil Corporation [NYSE: MRO] shares were valued at $27.71 at the most recent close of the market. An investor can expect a potential return of 1.26% based on the average MRO price forecast.
Analyzing the MRO fundamentals
According to Marathon Oil Corporation [NYSE:MRO], the company’s sales were 6.41B for trailing twelve months, which represents an -1.12% plunge. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.3%, and Net Profit Margin reading is 0.24%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.14 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.48.
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 27.42 points at the first support level, and at 27.13 for the second support level. However, for the 1st resistance point, the stock is sitting at 27.86, and for the 2nd resistance point, it is at 28.01.
Marathon Oil Corporation [MRO] reported earnings per share of $0.69 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.63/share, meaning a difference of $0.06 and a surprise factor of 9.50%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.77 per share as compared to estimates of $0.71 per share, a difference of $0.06 representing a surprise of 8.50%.
Ratios To Look Out For
It is important to note that Marathon Oil Corporation [NYSE:MRO] has a current ratio of 0.40. On the other hand, the Quick Ratio is 0.35, and the Cash Ratio is 0.04. Considering the valuation of this stock, the price to sales ratio is 2.50, the price to book ratio is 1.43 and price to earnings (TTM) ratio is 10.83.
Transactions by insiders
Recent insider trading involved Henderson Michael A, Executive VP, Operations, that happened on Mar 25 ’24 when 51389.0 shares were sold. Executive VP and CFO, Whitehead Dane E completed a deal on Mar 22 ’24 to sell 73233.0 shares. Meanwhile, Chairman, President and CEO TILLMAN LEE M sold 80647.0 shares on Mar 19 ’24.
