Wall Street Analyst Downgrade Marathon Oil Corporation [MRO]. What else is Wall St. saying

Marathon Oil Corporation [NYSE: MRO] price surged by 0.54 percent to reach at $0.12. The company report on January 16, 2024 at 5:47 PM that Marathon Oil Schedules Fourth Quarter and Full-Year 2023 Earnings Release and Conference Call.

Marathon Oil Corporation (NYSE: MRO) announced today it plans to issue its fourth quarter and full-year 2023 earnings release on Wednesday, February 21, after the close of U.S. financial markets.

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The company will conduct a conference call via live webcast, on Thursday, February 22, at 9 a.m. ET. The call will include forward-looking information.

The one-year MRO stock forecast points to a potential upside of 29.86. The average equity rating for MRO stock is currently 1.86, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Marathon Oil Corporation [MRO]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MRO shares is $31.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MRO stock is a recommendation set at 1.86. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Morgan Stanley have made an estimate for Marathon Oil Corporation shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on December 11, 2023.

The Average True Range (ATR) for Marathon Oil Corporation is set at 0.60, with the Price to Sales ratio for MRO stock in the period of the last 12 months amounting to 2.03. The Price to Book ratio for the last quarter was 1.17, with the Price to Cash per share for the same quarter was set at 0.30. Price to Free Cash Flow for MRO in the course of the last twelve months was 6.08 with Quick ratio for the last quarter at 0.58.

MRO Stock Performance Analysis:

Marathon Oil Corporation [MRO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.92. With this latest performance, MRO shares dropped by -9.36% in over the last four-week period, additionally sinking by -11.73% over the last 6 months – not to mention a drop of -17.15% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MRO stock in for the last two-week period is set at 34.16, with the RSI for the last a single of trading hit 31.16, and the three-weeks RSI is set at 36.51 for Marathon Oil Corporation [MRO]. The present Moving Average for the last 50 days of trading for this stock 24.42, while it was recorded at 22.56 for the last single week of trading, and 24.95 for the last 200 days.

Insight into Marathon Oil Corporation Fundamentals:

Marathon Oil Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.58 and a Current Ratio set at 0.64.

MRO Stock EPS

With the latest financial reports released by the company, Marathon Oil Corporation posted 0.88/share EPS, while the average EPS was predicted by analysts to be reported at 0.84/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 4.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MRO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Marathon Oil Corporation go to -8.79%.

Marathon Oil Corporation [MRO] Institutonal Ownership Details

The top three institutional holders of MRO stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in MRO stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in MRO stock with ownership which is approximately 5.8325%.