Marathon Oil Corporation [NYSE: MRO] closed the trading session at $27.65.
The stocks have a year to date performance of 14.45 percent and weekly performance of -3.89 percent. The stock has been moved at -5.28 percent over the last six months. The stock has performed 1.65 percent around the most recent 30 days and changed 24.10 percent over the most recent 3-months.
If compared to the average trading volume of 9.91M shares, MRO reached to a volume of 7362769 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about 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 $33.49 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 1.79. 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.
Barclays have made an estimate for Marathon Oil Corporation shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on April 10, 2024. The new note on the price target was released on March 14, 2024, representing the official price target for Marathon Oil Corporation stock. Previously, the target price had yet another drop from $27 to $25, while Morgan Stanley kept a Equal-Weight rating on MRO stock.
The Average True Range (ATR) for Marathon Oil Corporation is set at 0.64, with the Price to Sales ratio for MRO stock in the period of the last 12 months amounting to 2.49. The Price to Book ratio for the last quarter was 1.42, with the Price to Cash per share for the same quarter was set at 0.27. Price to Free Cash Flow for MRO in the course of the last twelve months was 7.87 with Quick ratio for the last quarter at 0.35.
MRO stock trade performance evaluation
Marathon Oil Corporation [MRO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.89. With this latest performance, MRO shares gained by 1.65% in over the last four-week period, additionally sinking by -5.28% over the last 6 months – not to mention a rise of 13.93% 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 48.72, with the RSI for the last a single of trading hit 39.36, and the three-weeks RSI is set at 54.09 for Marathon Oil Corporation [MRO]. The present Moving Average for the last 50 days of trading for this stock 26.20, while it was recorded at 27.72 for the last single week of trading, and 25.58 for the last 200 days.
Marathon Oil Corporation [MRO]: An insightful look at the core fundamentals
Marathon Oil Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.35 and a Current Ratio set at 0.40.
Earnings per share (EPS) analysis for Marathon Oil Corporation [MRO] stock
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]: Institutional Ownership
The top three institutional holders of MRO stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in MRO stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in MRO stock with ownership which is approximately 5.8386%.
