Marathon Oil Corporation (NYSE:MRO) traded at $4.34 at last check on Tuesday, Sep 15, making a downturn move of -1.36% on its previous day’s price.
Looking at the stock we see that its previous close was $4.4 and the beta (5Y monthly) reads 3.23 with the day’s price range being $4.3200 – 4.4976. The company has a 12-month trailing PE ratio of 0. In terms of its 52-week price range, MRO has a high of $14.39 and a low of $3.02. The company’s stock has gained about -28.26% over that past 30 days.
Marathon has a market cap of $3.34 Billion and is expected to release its quarterly earnings report on November 04, 2020. With its Forward Dividend at 0 and a yield of 0%, the company’s investors could be worried for the MRO stock to lose ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of -$0.29, with the EPS growth for the year declined at -$1.25 for 2020 and -$0.61 for next year. These figures represent -2.67% and at -0.51% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $751.88 Million, with a low of $680Million and a high of $898.5 Million. The median projection represents growth adding up to -44.1% compared to sales earnings for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecasts for 2020 are expected to hit $3.1 Billion, or -40.3% down from figures reported last year.
There have been 2 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the MRO stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Based on estimates by 30 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 18 have rated the Marathon Oil Corporation (MRO) stock as a Hold, while 6 rate it as a Buy. 2 analysts rate it as outperform while 1 of them rated it as underperform, whereas 3 suggests the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the MRO stock currently stands at 0, and the current price level is -15.96% off its SMA20 and -20.67% from its 50-day simple moving average. The RSI (14) is pointing at 28.04 while the volatility over the past week is 3.65% and jumps to 4.12% over the past one month. The beta value is 3.23, while the average true range (ATR) is currently pointing at 0.23. The average price target for the stock over the next 12 months is $7.32, with the estimates having a low of $5 and a high of $12. These price ends are 15.21% and +176.5% off the current price level respectively, although investors could be excited at the prospect of a +49.77% if the MRO share price touches on the median price of $6.5.
Coming back to Marathon Oil Corporation (NYSE:MRO), we note that the average 3-month trading volume was 25.61 Million, while that of the preceding 10-day period stands at 30.27 Million. Current shares outstanding are 789.44 Million.
According to data from Thomson Reuters, insiders hold 0.33% of the company’s shares while institutions hold 87.78%. The data shows that short shares as of August 30, 2020, stood at 40.04 Million at a short ratio of 1.73. This represents a 5.07% Short interest in Shares outstanding on August 30, 2020. Shares short rose in August from the previous month at 35.89 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -68.04% down in year-to-date price movement.