Marathon Oil Corporation (NYSE:MRO) has been upgraded by Citigroup, which now rates the stock as Buy versus Neutral prior rating , according to a note issued on December 21. Analysts at Evercore ISI, shed their positive views on December 10 by lowering it fromOutperform to In-line. Analysts at MKM Partners, made their first call about the stock on December 06, recommending it is Buy.
Marathon Oil Corporation (MRO) hit an intraday high Friday at $16.22. The shares finished at $16.11, after trading as low as $15.82 earlier in the session. It dropped -1.47% in recent trade and currently has a stock-market value of $13.59B. Trading activity significantly weakened as the volume at ready counter decreased to 10,832,331 shares versus 13,394,520 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 11,943,975 shares. The stock is now 28.16% above against its bear-market low of $12.57 on December 26, 2018. It has retreated -50.22% since it’s 52-week high of $24.2 reached in October. Now the market price is down -10% on the year and up 12.34% YTD.
MRO’s 50 day simple moving average (SMA 50) price is $16.1 and its 200-day simple moving average (SMA 200) price is $19.3. The company’s stock currently has a total float of 829.02M shares. Its weekly volatility is hovering around 3.76% and felt 4.7% volatility in price over a month. On the upside, the share price will test short term resistance at around $16.28. On a downside, the stock is likely to find some support, which begins at $15.88. The failure to get near-term support could push it to $15.65.
Separately, it has been reported that multiple insider activity took place at Marathon Oil Corporation (MRO). Executive VP – Operations Little Thomas Mitchell sold 117,333 shares for $277,236 in transaction occurred on 2018/09/14. After making this transaction, the Executive VP – Operations owns a direct stake of 2,427,620 shares, worth $4,466,272, as per the last closing price. On 2018/05/17 Tillman Lee M, President and CEO at MRO, dumped 400,000 shares at an average price of $21.65 per share. The selling total is valued at $11,410,085.
, Wagner Patrick had divested 53,333 shares for $138,201 through a trade on 2018/05/16. Following this activity, the insider holds 1,130,660 shares worth $2,226,418 as of recent close. Wall Street’s most bullish Marathon Oil Corporation (NYSE:MRO) analysts are predicting the share price to blow past $29 per share during the next 12 months. The current median share price forecast by them is $21, suggesting that the stock could increase 30.35% in that time frame. The average price target of $20.83 calls for a nearly 29.3% increase in the stock price.
When looking at valuations, Marathon Oil Corporation (MRO) has a pricey P/E of 21.34x as compared to industry average of 16.71x. Moreover, it trades for 30.06 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 1.13x price/book and 2.33x price/sales. Compared to others, Marathon Oil Corporation is in a different league with regards to profitability, having net margins of 11.6%. To put some perspective around this, the industry’s average net margin is 6.89%. MRO’s ROE is 5.7%, which is also considerably worse than the industry’s ROE of 6.89%. It’s also very liquid in the near term, with a current ratio of 1.4. The stock has a debt/capital of 0.
Shares of Marathon Oil Corporation (MRO) have dropped -13% since the company’s Mar-19 earnings report. Over the past 12 fiscal quarters, Marathon Oil Corporation (NYSE:MRO) has topped consensus earnings estimates in 10 quarters (83%), missed earnings in 2 quarters (16%), whereas at 0 occasion EPS met analyst expectations. MRO last reported earnings on November 07, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $0.24 per share, -98.51% change on the same period last year. That was better than consensus for $0.21. Revenue for the recent quarter stood at $1.67 billion, up 33% on last year and above the $1.48 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $1.43 billion to $1.69 billion, which should be compared with $1.35 billion generated last year. EPS is seen in a range of $0.12 to $0.45, against the $0.01 reported a year ago.