Marathon Oil Corporation (MRO) 20 Days SMA touches -3.50%: The odds favor the bear

Marathon Oil Corporation (NYSE: MRO) kicked off on November 20, 2023, at the price of $25.81, up 0.04% from the previous trading day. During the day, the shares moved up to $26.13 and dropped to $25.57 before settling in for the closing price of $25.56. Over the past 52 weeks, MRO has traded in a range of $20.57-$31.28.

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Energy Sector giant saw their annual sales surged by 19.26% over the last five years. While this was happening, its average annual earnings per share was recorded -39.00%. With a float of $582.92 million, this company’s outstanding shares have now reached $633.00 million.

The firm has a total of 1570 workers. Let’s measure their productivity. In terms of profitability, gross margin is +56.42, operating margin of +45.92, and the pretax margin is +50.12.

Marathon Oil Corporation (MRO) Insider Activity

Our next focus will be how large-scale investors are participating in this stock of the Oil & Gas E&P Industry. The insider ownership of Marathon Oil Corporation is 0.40%, while institutional ownership is 78.97%. The most recent insider transaction that took place on Sep 29, was worth 1,444,639. In this transaction Executive VP and CFO of this company sold 53,403 shares at a rate of $27.05, taking the stock ownership to the 156,481 shares. Before that another transaction happened on Sep 28, when Company’s Executive VP, Operations sold 37,000 for $27.30, making the entire transaction worth $1,010,174. This insider now owns 94,254 shares in total.

Marathon Oil Corporation (MRO) Earnings and Forecasts

In the latest quarterly report, which was put into the public domain on 9/29/2023, the organization reported $0.77 earnings per share (EPS), higher than consensus estimate (set at $0.71) by $0.06. This company achieved a net margin of +47.90 while generating a return on equity of 32.71. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.97 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -39.00% per share during the next fiscal year.

Marathon Oil Corporation (NYSE: MRO) Trading Performance Indicators

Take a look at Marathon Oil Corporation’s (MRO) current performance indicators. Last quarter, stock had a quick ratio of 0.58. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.33. Likewise, its price to free cash flow for the trailing twelve months is 6.99.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.70, a number that is poised to hit 0.82 in the next quarter and is forecasted to reach 3.67 in one year’s time.

Technical Analysis of Marathon Oil Corporation (MRO)

Analysing the last 5-days average volume posted by the [Marathon Oil Corporation, MRO], we can find that recorded value of 8.97 million was lower than the volume posted last year of 10.91 million. As of the previous 9 days, the stock’s Stochastic %D was 50.57%. Additionally, its Average True Range was 0.80.

During the past 100 days, Marathon Oil Corporation’s (MRO) raw stochastic average was set at 47.47%, which indicates a significant increase from 33.25% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 35.43% in the past 14 days, which was higher than the 31.98% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $26.63, while its 200-day Moving Average is $25.05. Now, the first resistance to watch is $25.94. This is followed by the second major resistance level at $26.32. The third major resistance level sits at $26.50. If the price goes on to break the first support level at $25.38, it is likely to go to the next support level at $25.20. Should the price break the second support level, the third support level stands at $24.82.

Marathon Oil Corporation (NYSE: MRO) Key Stats

The company with the Market Capitalisation of 14.96 billion has total of 585,247K Shares Outstanding. Its annual sales at the moment are 7,540 M in contrast with the sum of 3,612 M annual income. Company’s last quarter sales were recorded 1,771 M and last quarter income was 453,000 K.


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