- MRO stock surged nearly 1.62% in the last 24 hours, and is down by 12.78% on the yearly time frame.
- Marathon Oil Corporation revenue is expected to reach $1.75 billion in Q1 2023.
Marathon Oil Corp. (NYSE: MRO) is a U.S.-based company engaged in the exploration, production, and marketing of liquid hydrocarbons and natural gas. MRO has a market cap of $14.652 billion, The company’s EPS TTM is $5.20, dividend yield is 1.50%, and P/E is 4.41. The upcoming earnings date is May 3, while the estimation is $0.76. Total revenue of MRO for Q4 2022 is $1.60 billion, and it’s 20.17% lower compared to the Q3 2022. The net income of Q4 22 is $525.00 million.
The stock analysts at Capital One Financial, a bank holding company, reduced its Q1 2023 earnings estimates for Marathon Oil in a research report issued on Monday, March 27th.
Meanwhile, a number of other brokerages also recently weighed in on MRO. Morgan Stanley has decreased its price target on shares of Marathon Oil from $28.00 to $27.00 and set an “overweight” rating for the company in a research report on Monday. Benchmark further “set a $32.00 price objective for the company in a research report on Thursday, February 16th.”
MRO Stock Price Analysis
MRO stock closed at $23.27 price on March 28, while adding the 1.62% of upsurge. In the last two days, the stock noted the high at $23.54 while the low was at $22.24. Its recent closing price was near to its 20-day EMA. If the active bulls in the market show their dominance in the market, then the stock will touch its 20-day EMA, which is at $23.40, according to data sourced from Tradingview.
At present, the MRO stock shows the dominance of the bulls in the market. If the active bulls show their potential, then the price could surpass the immediate 20-day EMA and continue its surge towards the 50-day EMA. The RSI is at 46 and showing an uptrend.
Analysts have set the price target at $33.33, which is nearly 43% up from its recent closing price. Also, analysts are offering its 1-year price forecasts that have a max estimate of $43.00 and a min. estimate of $24.00.
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Source: https://www.thecoinrepublic.com/2023/03/29/marathon-oil-corp-analyst-outlook-mro-stock-price-analysis/