Marathon Oil Corporation [MRO] stock prices are up 0.26% to $27.43 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MRO shares have gain 5.95% over the last week, with a monthly amount drifted -3.35%, and not 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.
The stock price of Marathon Oil Corporation [MRO] has been fluctuating between $21.81 and $30.06 over the past year. Currently, Wall Street analysts expect the stock to reach $29.32 within the next 12 months. Marathon Oil Corporation [NYSE: MRO] shares were valued at $27.43 at the most recent close of the market. An investor can expect a potential return of 6.89% based on the average MRO price forecast.
Analyzing the MRO fundamentals
The Marathon Oil Corporation [NYSE:MRO] reported sales of 6.56B for trailing twelve months, representing a surge of 12.26%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.47.
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 27.14 points at the first support level, and at 26.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 27.76, and for the 2nd resistance point, it is at 28.08.
Ratios To Look Out For
It’s worth pointing out that Marathon Oil Corporation [NYSE:MRO]’s Current Ratio is 0.57. As well, the Quick Ratio is 0.52, while the Cash Ratio is 0.03. Considering the valuation of this stock, the price to sales ratio is 2.34, the price to book ratio is 1.37 and price to earnings (TTM) ratio is 10.71.
Transactions by insiders
Recent insider trading involved Whitehead Dane E, Officer, that happened on Sep 18 ’24 when 52008.0 shares were purchased. Executive VP, Operations, Henderson Michael A completed a deal on Sep 06 ’24 to sell 38000.0 shares. Meanwhile, Officer Henderson Michael A bought 38000.0 shares on Sep 06 ’24.
