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Wednesday, November 25, 2020

Renewed Optimism is Surrounding Marathon Oil Corporation (NYSE:MRO)

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Marathon Oil Corporation (MRO) shares are trading at lower $5.51 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $7.93.

To add more color to this target, the company’s high over the last year is $14.39 and the low is $3.02. Over the last 52 weeks, MRO is down -61.71% while the S&P 500 is up 0.31%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, MRO reported a profit of $-703.0 million. Marathon Oil Corporation also saw revenues decrease to $272.0 million. In addition, MRO has free cash flow of -$224.0 million as of 06-2020. The company’s EBITDA came in at -$106.0 million which compares well with its peers.

MRO booked profit margins of -16.10%, its Return on Equity (ROE) is -5.50%, and its Return on Assets is -3.30%. All told, it is clear that, MRO needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. MRO has a short ratio of 1.16 and outstanding shares of 790.00M.

Company Outlook

MRO has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 22.13 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.83. Marathon Oil Corporation MRO also noted assets of $18.57 billion at the end of the last quarter. Investors should also keep an eye on sector updates as MRO has historically followed its peers on positive news.

All told, Marathon Oil Corporation MRO has strung together solid data and demonstrated underlying fundamentals. At its current valuation, MRO represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Marathon Oil Corporation MRO is now commanding a market cap of 4.23B and a float of 787.19M. MRO is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of MRO stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in MRO, either long or short, and we have not been compensated for this article.

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