Marathon Oil Corporation (NYSE:MRO) shares, rose in value, with the stock price up by 0.71% to the previous day’s close as strong demand from buyers drove the stock to $29.69.
Actively observing the price movement in the last trading, the stock closed the session at $29.48. The value of beta (5-year monthly) was 2.24 whereas the PE ratio was 11.60 over 12-month period. Referring to stock’s 52-week performance, its high was $29.69, and the low was $21.63. On the whole, MRO has fluctuated by 21.08% over the past month.
With the market capitalization of Marathon Oil Corporation currently standing at about $17.14 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 01, 2024. The company’s Forward Dividend Ratio is 0.42, with its dividend yield at 1.41%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.56, which is expected to increase to $0.83 for fiscal year $2.64 and then to about $3.1 by fiscal year 2025. Data indicates that the EPS growth is expected to be 1.10% in 2025, while the next year’s EPS growth is forecast to be 17.40%.
Analysts have estimated the company’s revenue for the quarter at $1.57 billion, with a low estimate of $1.42 billion and a high estimate of $1.63 billion. According to the average forecast, sales growth in current quarter could jump down -6.80%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $6.63 billion, representing a decrease of -1.00% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that MRO’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of MRO currently trading nearly 9.84% and 19.73% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 88.78, while the 7-day volatility ratio is showing 1.70% which for the 30-day chart, stands at 1.76%. Furthermore, Marathon Oil Corporation (MRO)’s beta value is 2.22, and its average true range (ATR) is 0.51.
A comparison of Marathon Oil Corporation (MRO) with its peers suggests the former has fared considerably weaker in the market. MRO showed an intraday change of 0.71% in last session, and over the past year, it grew by 15.39%%.
Data on historical trading for Marathon Oil Corporation (NYSE:MRO) indicates that the trading volumes over the past 10 days have averaged 10.08 million and over the past 3 months, they’ve averaged 9.99 million. According to company’s latest data on outstanding shares, there are 577.00 million shares outstanding.
Nearly 0.39% of Marathon Oil Corporation’s shares belong to company insiders and institutional investors own 78.20% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 13.33 million shares as on Mar 15, 2024, resulting in a short ratio of 1.24. According to the data, the short interest in Marathon Oil Corporation (MRO) stood at 2.36% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 11.82 million. The stock has risen by 22.89% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MRO stock heading into the next quarter.
