The stock of Marathon Oil Corporation (MRO) has seen a -5.15% decrease in the past week, with a -10.65% drop in the past month, and a 17.28% flourish in the past quarter. The volatility ratio for the week is 2.92%, and the volatility levels for the past 30 days are at 2.46% for MRO. The simple moving average for the past 20 days is -6.24% for MRO’s stock, with a 2.51% simple moving average for the past 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 above average at 10.92x. The 36-month beta value for MRO is also noteworthy at 2.19. There are mixed opinions on the stock, with 8 analysts rating it as a “buy,” 4 rating it as “overweight,” 13 rating it as “hold,” and 2 rating it as “sell.”
The public float for MRO is 562.00M, and at present, short sellers hold a 2.44% of that float. The average trading volume of MRO on May 06, 2024 was 9.93M shares.
MRO) stock’s latest price update
Marathon Oil Corporation (NYSE: MRO)’s stock price has increased by 0.96 compared to its previous closing price of 26.09. However, the company has seen a -5.15% decrease in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-02 that Marathon Oil (MRO) spends $503 million in capital and exploratory expenditures during the quarter and rakes in $$239 million in adjusted free cash flow.
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 -2.06% 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 -12.38% of loss for the given period.
Volatility was left at 2.46%, however, over the last 30 days, the volatility rate increased by 2.92%, as shares sank -11.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.84% upper at present.
During the last 5 trading sessions, MRO fell by -5.15%, which changed the moving average for the period of 200-days by +5.91% in comparison to the 20-day moving average, which settled at $27.93. In addition, Marathon Oil Corporation saw 9.02% 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:
- 0.33 for the present operating margin
- 0.41 for the gross margin
The net margin for Marathon Oil Corporation stands at 0.22. The total capital return value is set at 0.12. Equity return is now at value 12.73, with 7.23 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 0.73. The debt to equity ratio resting at 0.49. The interest coverage ratio of the stock is 19.98.
Currently, EBITDA for the company is 4.41 billion with net debt to EBITDA at 1.67. When we switch over and look at the enterprise to sales, we see a ratio of 3.17. The receivables turnover for the company is 5.0for trailing twelve months and the total asset turnover is 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.55.
Conclusion
In summary, Marathon Oil Corporation (MRO) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. 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.
