Does Marathon Oil Corporation (NYSE:MRO) warrant a purchase right now? What to Consider Before Making a Decision

Marathon Oil Corporation (NYSE:MRO) shares traded -4.06% lower at $25.53 on Wall Street last session.

In accordance with the data, 29 analysts cover Marathon Oil Corporation (NYSE:MRO). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $45.00 and a low of $26.50, we find $34.00. Given the previous closing price of $26.61, this indicates a potential upside of 27.77 percent. MRO stock price is now -5.14% away from the 50-day moving average and 1.48% away from the 200-day moving average. The market capitalization of the company currently stands at $14.94B.

It has been rated a hold by 6 analysts and a buy by 19. Brokers who have rated the stock have averaged $33.99 as their price target over the next twelve months.

With the price target maintained at $25, Goldman recently Upgraded its rating from Sell to Neutral for Marathon Oil Corporation (NYSE: MRO).

In other news, Whitehead Dane E, Executive VP and CFO sold 53,403 shares of the company’s stock on Sep 29. The stock was sold for $1,444,639 at an average price of $27.05. Upon completion of the transaction, the Executive VP and CFO now directly owns 156,481 shares in the company, valued at $3.99 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 28, Executive VP, Operations Henderson Michael A sold 37,000 shares of the business’s stock. A total of $1,010,174 was realized by selling the stock at an average price of $27.30. This leaves the insider owning 94,254 shares of the company worth $2.41 million. Insiders disposed of 1,209,960 shares of company stock worth roughly $30.89 million over the past 1 year. A total of 0.40% of the company’s stock is owned by insiders.

Marathon Oil Corporation (NYSE: MRO) opened at $27.69 on Tuesday. During the past 12 months, Marathon Oil Corporation has had a low of $20.57 and a high of $33.42. As of last week, the company has a debt-to-equity ratio of 0.52, a current ratio of 0.64, and a quick ratio of 0.58. The fifty day moving average price for MRO is $26.91 and a two-hundred day moving average price translates $25.16 for the stock.

The latest earnings results from Marathon Oil Corporation (NYSE: MRO) was released for Sep, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $0.48, beating analysts’ expectations of $0.46 by 0.02. This compares to $1.22 EPS in the same period last year. The net profit margin was 26.18% and return on equity was 15.01% for MRO. The company reported revenue of $1.77 billion for the quarter, compared to $2.01 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -11.8 percent. For the current quarter, analysts expect MRO to generate $1.73B in revenue.

Marathon Oil Corporation(MRO) Company Profile

Marathon Oil Corporation operates as an independent exploration and production company in the United States and internationally. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol. It also owns and operates central gathering and treating facilities; and the Sugarloaf gathering system, a 42-mile natural gas pipeline through Karnes and Atascosa Counties. The company was formerly known as USX Corporation and changed its name to Marathon Oil Corporation in December 2001. The company was founded in 1886 and is headquartered in Houston, Texas.

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