Marathon Oil Corporation (NYSE: MRO) has experienced a rise in its stock price by 0.71 compared to its previous closing price of 29.48. However, the company has seen a gain of 4.76% in its stock price over the last five trading days. MarketBeat reported 2024-04-05 that With gains of almost 30% since November, it’s been one of the better multi-month runs in the S&P 500 in recent memory. It’s looking increasingly likely that inflation has been tamed by a Fed that’s managed to thread the needle and get it under control without causing a recession.
Is It Worth Investing in Marathon Oil Corporation (NYSE: MRO) Right Now?
Marathon Oil Corporation (NYSE: MRO) has a higher price-to-earnings ratio of 11.60x compared to its average ratio, The 36-month beta value for MRO is at 2.22. Analysts have varying views on the stock, with 8 analysts rating it as a “buy,” 4 rating it as “overweight,” 13 as “hold,” and 2 as “sell.”
The public float for MRO is 574.93M, and currently, shorts hold a 2.32% of that float. The average trading volume for MRO on April 08, 2024 was 9.99M shares.
MRO’s Market Performance
MRO stock saw an increase of 4.76% in the past week, with a monthly gain of 21.08% and a quarterly increase of 22.79%. The volatility ratio for the week is 1.70%, and the volatility levels for the last 30 days are 1.76% for Marathon Oil Corporation (MRO). The simple moving average for the past 20 days is 9.84% for MRO’s stock, with a 17.75% simple moving average for the past 200 days.
Analysts’ Opinion of MRO
Many brokerage firms have already submitted their reports for MRO stocks, with Argus repeating the rating for MRO by listing it as a “Buy.” The predicted price for MRO in the upcoming period, according to Argus is $31 based on the research report published on March 14, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see MRO reach a price target of $25, previously predicting the price at $27. The rating they have provided for MRO stocks is “Equal-Weight” according to the report published on December 11th, 2023.
Goldman gave a rating of “Neutral” to MRO, setting the target price at $25 in the report published on July 12th of the previous year.
MRO Trading at 19.73% 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 0.00% of loss for the given period.
Volatility was left at 1.76%, however, over the last 30 days, the volatility rate increased by 1.70%, as shares surge +20.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +31.43% upper at present.
During the last 5 trading sessions, MRO rose by +4.76%, which changed the moving average for the period of 200-days by +30.11% in comparison to the 20-day moving average, which settled at $27.28. In addition, Marathon Oil Corporation saw 22.89% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MRO starting from WAGNER PATRICK, who sale 36,094 shares at the price of $27.65 back on Mar 27 ’24. After this action, WAGNER PATRICK now owns 140,829 shares of Marathon Oil Corporation, valued at $997,887 using the latest closing price.
Henderson Michael A, the Executive VP, Operations of Marathon Oil Corporation, sale 51,389 shares at $27.59 during a trade that took place back on Mar 25 ’24, which means that Henderson Michael A is holding 114,828 shares at $1,418,051 based on the most recent closing price.
Stock Fundamentals for MRO
Current profitability levels for the company are sitting at:
- 0.27 for the present operating margin
- 0.42 for the gross margin
The net margin for Marathon Oil Corporation stands at 0.24. The total capital return value is set at 0.11. Equity return is now at value 13.75, with 7.63 for asset returns.
Based on Marathon Oil Corporation (MRO), the company’s capital structure generated 0.33 points at debt to capital in total, while cash flow to debt ratio is standing at 0.75. The debt to equity ratio resting at 0.48. The interest coverage ratio of the stock is 9.2.
Currently, EBITDA for the company is 4.41 billion with net debt to EBITDA at 1.85. When we switch over and look at the enterprise to sales, we see a ratio of 3.5. The receivables turnover for the company is 5.56for trailing twelve months and the total asset turnover is 0.33. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.40.
Conclusion
In conclusion, Marathon Oil Corporation (MRO) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
