A share price of Marathon Oil Corporation [MRO] is currently trading at $29.69, up 0.71%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MRO shares have gain 4.76% over the last week, with a monthly amount glided 21.08%, and seem to be holding up well over a long-time horizon.
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On 2, April 2024, Marathon Oil Schedules First Quarter 2024 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 first quarter 2024 earnings release on Wednesday, May 1, 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 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.
Marathon Oil Corporation experienced fluctuations in its stock price throughout the past year between $21.63 and $29.69. 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 $29.69 at the most recent close of the market. An investor can expect a potential drop of -5.49% based on the average MRO price forecast.
Analyzing the MRO fundamentals
Trailing Twelve Months sales for Marathon Oil Corporation [NYSE:MRO] were 6.41B which represents -1.12% decline. 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 29.40 points at the first support level, and at 29.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 29.88, and for the 2nd resistance point, it is at 30.06.
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
To put it in perspective, the Current Ratio for Marathon Oil Corporation [NYSE:MRO] is 0.40. Further, the Quick Ratio stands at 0.35, while the Cash Ratio is 0.04. Considering the valuation of this stock, the price to sales ratio is 2.67, the price to book ratio is 1.53 and price to earnings (TTM) ratio is 11.60.
Transactions by insiders
Recent insider trading involved WAGNER PATRICK, that happened on Mar 27 ’24 when 36094.0 shares were sold. Executive VP, Operations, Henderson Michael A completed a deal on Mar 25 ’24 to sell 51389.0 shares. Meanwhile, Executive VP and CFO Whitehead Dane E sold 73233.0 shares on Mar 22 ’24.
