Marathon Oil Corporation (MRO) concluded trading on Wednesday at a closing price of $26.08, with 4.42 million shares of worth about $115.29 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -0.08% during that period and on October 30, 2024 the price saw a gain of about 0.77%. Currently the company’s common shares owned by public are about 577.00M shares, out of which, 557.37M shares are available for trading.
Stock saw a price change of -1.40% in past 5 days and over the past one month there was a price change of -5.64%. Year-to-date (YTD), MRO shares are showing a performance of 7.95% which decreased to -3.98% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $21.81 but also hit the highest price of $30.06 during that period. The average intraday trading volume for Marathon Oil Corporation shares is 5.52 million. The stock is currently trading -4.19% below its 20-day simple moving average (SMA20), while that difference is down -4.41% for SMA50 and it goes to -2.55% lower than SMA200.
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Marathon Oil Corporation (NYSE: MRO) currently have 577.00M outstanding shares and institutions hold larger chunk of about 76.26% of that.
The stock has a current market capitalization of $14.59B and its 3Y-monthly beta is at 2.17. PE ratio of stock for trailing 12 months is 10.19, while it has posted earnings per share of $2.56 in the same period. Its PEG reads 10.19 and has Quick Ratio of 0.52 while making debt-to-equity ratio of 0.47. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MRO, volatility over the week remained 1.58% while standing at 1.72% over the month.
Stock’s fiscal year EPS is expected to drop by -7.84% while it is estimated to decrease by -3.24% in next year. EPS is likely to shrink at an annualized rate of 1.00% for next 5-years, compared to annual growth of 14.58% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Scotiabank on July 12, 2024 offering a Sector perform rating for the stock and assigned a target price range of between $45 and $29 to it. Coverage by Barclays stated Marathon Oil Corporation (MRO) stock as an Overweight in their note to investors on April 10, 2024, suggesting a price target of $35 for the stock. On March 14, 2024, Argus Upgrade their recommendations, while on December 11, 2023, Morgan Stanley Downgrade their ratings for the stock with a price target of $25. Stock get a Neutral rating from Goldman on July 12, 2023.
