Marathon Oil Corporation [NYSE: MRO] closed the trading session at $28.65.
The stocks have a year to date performance of 18.58 percent and weekly performance of 1.99 percent. The stock has been moved at 16.46 percent over the last six months. The stock has performed 4.52 percent around the most recent 30 days and changed -1.07 percent over the most recent 3-months.
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If compared to the average trading volume of 6.90M shares, MRO reached to a volume of 7338327 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 $32.78 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 2.23. 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.
Scotiabank have made an estimate for Marathon Oil Corporation shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on July 12, 2024. While these analysts kept the previous recommendation, Barclays raised their target price to Overweight. The new note on the price target was released on April 10, 2024, representing the official price target for Marathon Oil Corporation stock. Previously, the target price had yet another raise to $31, while Argus analysts kept a Buy rating on MRO stock. On December 11, 2023, analysts decreased their price target for MRO shares from 27 to 25.
The Average True Range (ATR) for Marathon Oil Corporation is set at 0.57, with the Price to Sales ratio for MRO stock in the period of the last 12 months amounting to 2.44. The Price to Book ratio for the last quarter was 1.43, with the Price to Cash per share for the same quarter was set at 0.14. Price to Free Cash Flow for MRO in the course of the last twelve months was 8.75 with Quick ratio for the last quarter at 0.52.
MRO stock trade performance evaluation
Marathon Oil Corporation [MRO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.99. With this latest performance, MRO shares gained by 4.52% in over the last four-week period, additionally plugging by 16.46% over the last 6 months – not to mention a rise of 8.61% 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 57.94, with the RSI for the last a single of trading hit 60.87, and the three-weeks RSI is set at 55.93 for Marathon Oil Corporation [MRO]. The present Moving Average for the last 50 days of trading for this stock 28.09, while it was recorded at 28.54 for the last single week of trading, and 26.22 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 0.52 and a Current Ratio set at 0.57.
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 12.60%.
Marathon Oil Corporation [MRO]: Institutional Ownership
There are presently around $77.50%, or 77.85%% of MRO stock, in the hands of institutional investors. The top three institutional holders of MRO stocks are: VANGUARD GROUP INC with ownership of 68.37 million shares, which is approximately 11.8702%. BLACKROCK INC., holding 42.7 million shares of the stock with an approximate value of $$1.22 billion in MRO stocks shares; and BLACKROCK INC., currently with $$1.1 billion in MRO stock with ownership which is approximately 6.6519%.
