Marathon Oil Corporation (NYSE: MRO) has a price-to-earnings ratio that is above its average at 11.37x. The stock has a 36-month beta value of 2.23. Opinions on the stock are mixed, with 8 analysts rating it as a “buy,” 4 as “overweight,” 13 as “hold,” and 2 as “sell.”
The public float for MRO is 574.93M, and at present, short sellers hold a 2.59% of that float. On April 15, 2024, the average trading volume of MRO was 9.96M shares.
MRO) stock’s latest price update
The stock price of Marathon Oil Corporation (NYSE: MRO) has dropped by -1.26 compared to previous close of 29.46. Despite this, the company has seen a fall of -2.02% in its stock price over the last five trading days. Seeking Alpha reported 2024-04-14 that RSPG: This Energy Fund No Longer Offers An Attractive Entry Point (Rating Downgrade)
MRO’s Market Performance
MRO’s stock has fallen by -2.02% in the past week, with a monthly rise of 12.32% and a quarterly rise of 26.81%. The volatility ratio for the week is 2.40% while the volatility levels for the last 30 days are 1.87% for Marathon Oil Corporation The simple moving average for the last 20 days is 3.38% for MRO’s stock, with a simple moving average of 14.57% for the last 200 days.
Analysts’ Opinion of MRO
Many brokerage firms have already submitted their reports for MRO stocks, with Barclays repeating the rating for MRO by listing it as a “Overweight.” The predicted price for MRO in the upcoming period, according to Barclays is $35 based on the research report published on April 10, 2024 of the current year 2024.
Argus, on the other hand, stated in their research note that they expect to see MRO reach a price target of $31. The rating they have provided for MRO stocks is “Buy” according to the report published on March 14th, 2024.
Morgan Stanley gave a rating of “Equal-Weight” to MRO, setting the target price at $25 in the report published on December 11th of the previous year.
MRO Trading at 14.36% 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 -2.42% of loss for the given period.
Volatility was left at 1.87%, however, over the last 30 days, the volatility rate increased by 2.40%, as shares surge +10.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +27.31% upper at present.
During the last 5 trading sessions, MRO fell by -2.02%, which changed the moving average for the period of 200-days by +31.57% in comparison to the 20-day moving average, which settled at $28.28. In addition, Marathon Oil Corporation saw 20.41% 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 3.44. 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
To sum up, Marathon Oil Corporation (MRO) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.
