Marathon Oil Corporation (MRO) concluded trading on Wednesday at a closing price of $28.92, with 3.67 million shares of worth about $106.18 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 11.75% during that period and on November 20, 2024 the price saw a gain of about 0.59%. Currently the company’s common shares owned by public are about 577.00M shares, out of which, 557.39M shares are available for trading.
Stock saw a price change of 1.05% in past 5 days and over the past one month there was a price change of 8.68%. Year-to-date (YTD), MRO shares are showing a performance of 19.70% which increased to 13.10% 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 5.70 million. The stock is currently trading 3.93% above its 20-day simple moving average (SMA20), while that difference is up 5.08% for SMA50 and it goes to 6.36% higher than SMA200.
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Marathon Oil Corporation (NYSE: MRO) currently have 577.00M outstanding shares and institutions hold larger chunk of about 74.93% of that.
The stock has a current market capitalization of $16.18B and its 3Y-monthly beta is at 2.16. PE ratio of stock for trailing 12 months is 12.47, while it has posted earnings per share of $2.32 in the same period. Its PEG reads 12.47 and has Quick Ratio of 0.61 while making debt-to-equity ratio of 0.42. 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 1.55% while standing at 1.96% over the month.
Stock’s fiscal year EPS is expected to drop by -8.35% while it is estimated to decrease by -4.16% 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.
