At the time of writing, Marathon Oil Corporation [MRO] stock is trading at $28.26, down -0.25%. An important factor to consider is whether the stock is rising or falling in short-term value. The MRO shares have gain 2.28% over the last week, with a monthly amount glided 2.24%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Marathon Oil Corporation [NYSE: MRO] stock has seen the most recent analyst activity on July 12, 2024, when Scotiabank downgraded its rating to a Sector Perform and also revised its price target to $29 from $45. Previously, Barclays started tracking the stock with Overweight rating on April 10, 2024, and set its price target to $35. On March 14, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $31 on the stock. Morgan Stanley downgraded its rating to a Equal-Weight and decreased its price target to $25 on December 11, 2023. Goldman upgraded its rating to a Neutral but $25 remained the price target by the analyst firm on July 12, 2023. UBS started tracking with a Buy rating for this stock on April 19, 2023, and assigned it a price target of $33. In a note dated March 23, 2023, Citigroup upgraded an Buy rating on this stock but restated the target price of $27.
For the past year, the stock price of Marathon Oil Corporation fluctuated between $21.81 and $30.06. Currently, Wall Street analysts expect the stock to reach $28.89 within the next 12 months. Marathon Oil Corporation [NYSE: MRO] shares were valued at $28.26 at the most recent close of the market. An investor can expect a potential return of 2.23% based on the average MRO price forecast.
Analyzing the MRO fundamentals
According to Marathon Oil Corporation [NYSE:MRO], the company’s sales were 6.56B for trailing twelve months, which represents an 12.26% jump. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.32%, Pretax Profit Margin comes in at 0.28%, and Net Profit Margin reading is 0.23%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.13 and Total Capital is 0.13. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.47.
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 28.01 points at the first support level, and at 27.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 28.40, and for the 2nd resistance point, it is at 28.54.
Ratios To Look Out For
It is important to note that Marathon Oil Corporation [NYSE:MRO] has a current ratio of 0.57. On the other hand, the Quick Ratio is 0.52, and the Cash Ratio is 0.03. Considering the valuation of this stock, the price to sales ratio is 2.41, the price to book ratio is 1.41 and price to earnings (TTM) ratio is 11.04.
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.
