The stock of Marathon Oil Corporation (NYSE:MRO) decreased by -$0.36 on Friday to finish at $26.48, down -1.34 percent. The last five days have seen an average of 9,310,486 shares of common stock traded. 7 times new highs were reached in the current year, with a fall of -$0.62. The average number of shares traded over the last 20 days was 11,062,172, while the average volume over the last 50 days totaled 12,238,345.
MRO stock appreciated 9.97% since last month. On 07/17/23, the company’s shares reached a one-month low of $23.85. The stock touched a high of $33.42 on 01/24/23, after rallying from a low of $20.57 in 52 weeks. The price of MRO stock has declined by -2.18% or -$0.62 this year, reaching a new high 7 times. Still, the stock price is down -20.77% from the 52-week high.
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Insider Transactions
MRO stock investors should be aware that Marathon Oil Corporation (MRO) stock had its last reported insider trading activity 7 days ago on Aug 07. On Aug 07, VP, Controller & CAO White Rob L. sold 8,000 shares at $26.24 each. This transaction resulted in the insider making $209,920. On Mar 27, White Rob L. sold 5,000 shares at a price of US$22.85. After the transaction, the insider now owns 39,344 shares. Executive VP and CFO Whitehead Dane E had earlier sold 90,588 shares on Nov 16 for $32.16 a share. The transaction was completed for $2,913,149.
Valuation Metrics
Marathon Oil Corporation (MRO) has a trailing price-to-earnings (P/E) ratio of 8.36. Beta for the stock is 2.36. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.18, the price-to-book (PB) ratio of 1.45, and the price-to-cash flow ratio of 5.82.
Company paid $0.10 per share in dividends, remained unchanged from $0.10 last year.
Financial Health
For the three months ended June 29, Marathon Oil Corporation’s quick ratio was 0.70, while its current ratio was 0.80, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.51, and the total debt to equity ratio is 0.52. As far as profitability goes, gross margin for the trailing twelve months is 89.00% percent. Marathon Oil Corporation’s EBITDA margin for the year ended June 29 was 70.50%, whereas its operating margin stood at 40.40% for the same period. Based on annual data, it had gross profit of $3.95 billion and revenue of $7.54 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. MRO’s return on assets (ROA) during the last 12 months has been 10.50%. There was a 21.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 18.10%.
Earnings Surprise
According to Marathon Oil Corporation’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.51 billion, while revenues fell by -52.21% to $1.68 billion. It was predicted that Marathon Oil Corporation’s quarterly earnings would be $0.48, but it ended up being $0.46, beating the consensus by 4.30%. EBITDA was $1.01 billion for the quarter. At the end of Marathon Oil Corporation’s most recent quarter ended June 29, its liabilities totaled 8.68 billion, while its total debt was $6.0 billion. Equity owned by shareholders amounts to $605.69 million.
Technical Picture
Here’s a quick look at Marathon Oil Corporation’s (MRO) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 61.54%, suggesting the stock is Neutral, with a 21.69% historical volatility rate.
The stochastic %K and %D were 77.53% and 72.86% respectively, while the average true range (ATR) was 0.70. Based on the 14-day stochastic reading of 72.45%, the RSI (14) reading is 62.16%. On the 9-day MACD Oscillator, the stock is at 0.36, and the 14-day reading is at 0.38.
Analyst Ratings
In its most recent analyst report, Goldman raised its rating on Marathon Oil Corporation (NYSE: MRO) to a Neutral. Prior to this, analysts firm rated the stock as a Sell. Analysts have assigned Marathon Oil Corporation (MRO) an Overweight rating. MRO is a stock that is recommended for selling by 1 brokerage firm, while 8 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 1 rate it overweight and 18 others recommend it as a buy.
What is MRO’s price target for the next 12 months?
The current consensus forecast for the stock is between $25.00 and $40.00, with a median target price of $32.00. In analyzing these forecasts, the average price target given by analysts for Marathon Oil Corporation (MRO) is $31.81.
