Last Updated: 08 Nov 2024
Executive Summary
Marathon Oil Corporation (MRO) is a leading American energy company with a market capitalization of $16.11 billion. The company has a strong financial position, with an EBITDA of $4.277 billion and a net income of $2.3 billion in the latest quarter. MRO's stock is currently trading at $28.5, which is below its 52-week high of $29.82 but above its 52-week low of $21.53.
Company Overview
Marathon Oil Corporation is an American company engaged in hydrocarbon exploration incorporated in Ohio and headquartered in the Marathon Oil Tower in Houston, Texas. The company was founded in 1887 and is one of the largest oil and gas producers in the United States. MRO operates in the United States, Canada, and Angola. The company's primary products are crude oil and natural gas.
Fundamental Analysis
MRO's financial performance has been strong in recent quarters. The company's revenue increased by 0.01% year-over-year to $6.661 billion in the latest quarter. Net income increased by 28.57% to $2.3 billion. MRO's earnings per share (EPS) increased by 32.26% to $2.3 in the latest quarter.
MRO's financial ratios are also strong. The company's profit margin is 20%, which is above the industry average. MRO's return on assets (ROA) is 6.32%, which is also above the industry average. The company's return on equity (ROE) is 11.7%, which is also above the industry average.
Technical Analysis
MRO's stock price has been trending sideways in recent months. The stock is currently trading below its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is 50, which indicates that the stock is neither overbought nor oversold.
Short Term Outlook
MRO's stock price is expected to remain range-bound in the short term. The stock is currently trading below its 50-day and 200-day moving averages, which indicates that the stock is in a downtrend. The stock's RSI is 50, which indicates that the stock is neither overbought nor oversold.
Long Term Outlook
MRO's stock price is expected to rise in the long term. The company has a strong financial position and is expected to continue to benefit from the rising demand for oil and gas. The company's stock is currently trading at a discount to its fair value, which makes it a good value for investors.
Analyst Recommendations
Analysts are bullish on MRO's stock. The consensus analyst rating is "buy." The average analyst target price is $31.23, which is 9.58% above the current stock price.
