The stock of Marathon Oil Corporation (MRO) has gone down by -13.38% for the week, with a -21.61% drop in the past month and a -23.09% drop in the past quarter. The volatility ratio for the week is 5.49%, and the volatility levels for the past 30 days are 3.82% for MRO. The simple moving average for the last 20 days is -15.35% for MRO stock, with a simple moving average of -19.53% for the last 200 days.
Is It Worth Investing in Marathon Oil Corporation (NYSE: MRO) Right Now?
The price-to-earnings ratio for Marathon Oil Corporation (NYSE: MRO) is 4.10x, which is above its average ratio. Moreover, the 36-month beta value for MRO is 2.42.
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The average price recommended by analysts for Marathon Oil Corporation (MRO) is $34.22, which is $12.78 above the current market price. The public float for MRO is 626.67M and currently, short sellers hold a 2.99% of that float. On March 16, 2023, MRO’s average trading volume was 10.33M shares.
MRO) stock’s latest price update
Marathon Oil Corporation (NYSE: MRO)’s stock price has increased by 0.14 compared to its previous closing price of 21.26. Despite this, the company has experienced a -13.38% fall in its stock price over the last five trading sessions. Barron’s reported on 09/23/22 that APA, Halliburton, and Other Energy Stocks Tumble as Oil Prices Slide
Analysts’ Opinion of MRO
The stock of Marathon Oil Corporation (MRO) has gone down by -13.38% for the week, with a -21.61% drop in the past month and a -23.09% drop in the past quarter. The volatility ratio for the week is 5.49%, and the volatility levels for the past 30 days are 3.82% for MRO. The simple moving average for the last 20 days is -15.35% for MRO stock, with a simple moving average of -19.53% for the last 200 days.
Analysts’ Opinion of MRO
Many brokerage firms have already submitted their reports for MRO stocks, with The Benchmark Company repeating the rating for MRO by listing it as a “Buy.” The predicted price for MRO in the upcoming period, according to The Benchmark Company is $32 based on the research report published on February 16th of the current year 2023.
Wells Fargo, on the other hand, stated in their research note that they expect to see MRO reach a price target of $41. The rating they have provided for MRO stocks is “Overweight” according to the report published on January 25th, 2023.
Morgan Stanley gave a rating of “Overweight” to MRO, setting the target price at $28 in the report published on January 24th of the current year.
MRO Trading at -18.93% from the 50-Day Moving Average
After a stumble in the market that brought MRO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -36.30% of loss for the given period.
Volatility was left at 3.82%, however, over the last 30 days, the volatility rate increased by 5.49%, as shares sank -18.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.32% lower at present.
During the last 5 trading sessions, MRO fell by -13.75%, which changed the moving average for the period of 200-days by -31.77% in comparison to the 20-day moving average, which settled at $24.91. In addition, Marathon Oil Corporation saw -21.35% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MRO starting from Whitehead Dane E, who sale 90,588 shares at the price of $32.16 back on Nov 16. After this action, Whitehead Dane E now owns 182,700 shares of Marathon Oil Corporation, valued at $2,913,149 using the latest closing price.
TILLMAN LEE M, the Chairman, President and CEO of Marathon Oil Corporation, sale 30,000 shares at $32.49 during a trade that took place back on Nov 11, which means that TILLMAN LEE M is holding 886,219 shares at $974,691 based on the most recent closing price.
Stock Fundamentals for MRO
Current profitability levels for the company are sitting at:
- +45.92 for the present operating margin
- +56.42 for the gross margin
The net margin for Marathon Oil Corporation stands at +47.90. Equity return is now at value 31.80, with 19.50 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.72.
Conclusion
To wrap up, the performance of Marathon Oil Corporation (MRO) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
