Is Marathon Oil Corporation (MRO) positioned for future growth?

With 5.16 million shares changed hands, the volume of the stock remained lighter than its average volume of 9.35 million shares. During the session, the Oil & Gas E&P company that operates in wider Energy sector, reached to the highest price of $28.2 whereas the lowest price it dropped to was $27.7098. The 52-week range on MRO shows that it touched its highest point at $30.06 and its lowest point at $21.81 during that stretch. It currently has a 1-year price target of $33.87. With its current market cap of 15.88 billion, MRO has annualized dividend of $0.43 while the current yield stands at 1.53%. Beta for the stock currently stands at 2.19.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MRO was down-trending over the past week, with a drop of -1.47%, but this was up by 1.04% over a month. Three-month performance dropped to -3.83% while six-month performance rose 18.62%. The stock gained 18.32% in the past year, while it has gained 16.56% so far this year. A look at the trailing 12-month EPS for MRO yields 2.41 with Next year EPS estimates of 3.25. For the next quarter, that number is 0.72. This implies an EPS growth rate of 10.31% for this year and 13.00% for next year. EPS is expected to grow by 12.60% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 14.58%.

Float and Shares Shorts:

At present, 577.00 million MRO shares are outstanding with a float of 561.89 million shares on hand for trading. On 2024-06-14, short shares totaled 11.59 million, which was 206.99999999999997 higher than short shares on 1715731200. In addition to Mr. Lee M. Tillman as the firm’s Chairman, President & CEO, Mr. Michael A. Henderson serves as its Executive Vice President of Operations.

Institutional Ownership:

Through their ownership of 0.82094 of MRO’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-03-31, MRO reported revenue of $1538000000.0 and operating income of $433000000.0. The EBITDA in the recently reported quarter was $981000000.0 and diluted EPS was $0.52.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MRO since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.