Last Updated: 19 Sep 2024
Executive Summary
Marathon Oil Corporation (MRO) is a leading energy company with a strong financial position and a focus on exploration and production. The company has a market capitalization of $15.34 billion and trades on the NYSE. Marathon Oil has a strong track record of profitability and growth, with a trailing P/E ratio of 10.71 and a forward P/E ratio of 9.7. The company also pays a quarterly dividend with a yield of 0.0161%.
Company Overview
Marathon Oil is an American company engaged in hydrocarbon exploration and production. The company was founded in 1887 and is headquartered in Houston, Texas. Marathon Oil has operations in the United States, Canada, and other countries around the world. The company produces crude oil, natural gas, and natural gas liquids.
Fundamental Analysis
Marathon Oil has a strong financial position. The company has a debt-to-equity ratio of 0.39 and a current ratio of 1.23. Marathon Oil also has a strong track record of profitability. The company has reported positive earnings per share (EPS) for the past five years. In 2023, Marathon Oil reported EPS of $2.56.
Marathon Oil's revenue is primarily driven by the sale of crude oil and natural gas. The company's revenue has grown in recent years, due to increased production and higher commodity prices. In 2023, Marathon Oil reported revenue of $65.91 billion.
Technical Analysis
Marathon Oil's stock price has been trending higher in recent months. The stock is currently trading above its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is also above 50, indicating that the stock is in a bullish trend.
Short Term Outlook
Marathon Oil's stock price is expected to continue to trend higher in the short term. The company's strong financial position and positive earnings outlook are expected to support the stock price. However, the stock price could be volatile in the short term due to fluctuations in commodity prices.
Long Term Outlook
Marathon Oil's long-term outlook is positive. The company is well-positioned to benefit from the growing demand for energy. The company's focus on exploration and production is expected to drive growth in the long term.
Analyst Recommendations
Analysts are bullish on Marathon Oil's stock. The average analyst target price for the stock is $32.32. Four analysts have a strong buy rating on the stock, eight analysts have a buy rating, and ten analysts have a hold rating.
