Marathon Oil Corporation [NYSE: MRO] stock went on a downward path that fall over -3.93% on Tuesday, amounting to a one-week price decrease of less than -5.19%.
Over the last 12 months, MRO stock dropped by -5.06%. The one-year Marathon Oil Corporation stock forecast points to a potential upside of 14.99. The average equity rating for MRO stock is currently 2.20, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $14.91 billion, with 577.00 million shares outstanding and 557.37 million shares in the current float. Compared to the average trading volume of 5.61M shares, MRO stock reached a trading volume of 4872964 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $31.35 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 2.20. 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 0.68, with the Price to Sales ratio for MRO stock in the period of the last 12 months amounting to 2.27. The Price to Book ratio for the last quarter was 1.33, 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 8.14 with Quick ratio for the last quarter at 0.52.
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 -5.19. With this latest performance, MRO shares dropped by -0.04% in over the last four-week period, additionally sinking by -6.00% over the last 6 months – not to mention a drop of -5.06% 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 41.18, with the RSI for the last a single of trading hit 35.55, and the three-weeks RSI is set at 43.82 for Marathon Oil Corporation [MRO]. The present Moving Average for the last 50 days of trading for this stock 27.54, while it was recorded at 27.78 for the last single week of trading, and 26.61 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 0.52 and a Current Ratio set at 0.57.
MRO Stock EPS
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 1.00%.
Marathon Oil Corporation [MRO] Institutonal Ownership Details
There are presently around $77.55%, or 77.90%% 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%.
