Stock on Trader's Radar: Marathon Oil Corporation (NYSE:MRO)
- Author: Zachary Reyes Apr 13, 2017,
Apr 13, 2017, 16:08
Marathon Oil Corporation has a consensus outperform rating from 29 Wall Street analysts, and the number of shares now sold short amount to at least 5.44% of shares outstanding.
Maximum and minimum EPS estimate for the current quarter is projected at $0.1 and $-0.24, respectively, according to 20 analysts.
Citigroup Inc. has 1 year price target of $64.74. 1st Global Advisors Inc. boosted its stake in Marathon Oil by 10.6% in the third quarter.
Marathon Oil (NYSE:MRO) last announced its quarterly earnings data on Wednesday, February 15th. The company reported $0.43 EPS for the quarter, topping the Zacks' consensus estimate of $0.26 by $0.17. Marathon Petroleum Corp had a return on equity of 5.74% and a net margin of 1.85%.
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A number of other equities analysts have also recently issued reports on MRO.
US based company, Marathon Petroleum Corporation (MPC)'s latest closing price distance was 12.98% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at 1.29% and 0.88% compared with the 20 Day Moving Average. Argus Research downgraded Marathon Oil Corporation (NYSE:MRO) rating on Wednesday, December 14. They now have a United States dollars 24 price target on the stock. The rating was upgraded by Bank of America on Tuesday, January 5 to "Neutral". Year to Date (YTD) performance of Marathon Petroleum Corporation (MPC) is 0.3 percent while its Performance (Week) is 0.4 percent and Performance (month) is at 0.54 percent. Twelve investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company's stock. Wall Street is only getting more bullish on the stock, with 14 of analysts who cover MRO having a buy-equivalent rating.
02/01/2017 - Marathon Oil Corporation was upgraded to "outperform" by analysts at Scotiabank. Company's distance from 20 day simple moving average is 6.65% and distance from 50-Day simple moving average is 3.84%. Marathon Oil has a 52-week low of $10.32 and a 52-week high of $19.28. The firm's market capitalization is $13.78 billion.
Best time to invest in stock market is when things are on odd side, and it's not easy how to pick stocks. Over the last five days, shares have managed 4.68% gains and now is up 5.7% since hitting its 200-day moving average of $16.17. This showed the surprise of 33.3% in the last quarter earnings. Wetherby Asset Management Inc. raised its position in Marathon Oil by 0.3% in the fourth quarter. The company's last traded volume of 11.56 million shares was up it's an average volume of 12.47 million shares. Westwood Holdings Group Inc. raised its position in Marathon Oil by 0.6% in the fourth quarter. Its sales stood at -4.30% a year on average in the period of last five years. Dean Investment Associates LLC increased its position in shares of Marathon Oil by 0.9% in the third quarter. Qs Investors Ltd Company accumulated 0% or 47 shares. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Marathon Oil by 0.5% in the third quarter. Nationwide Fund Advisors now owns 1,834,614 shares of the company's stock valued at $29,005,000 after buying an additional 945,214 shares in the last quarter. The Company operates through three segments: North America E&P, worldwide E&P and Oil Sands Mining. The North America E&P segment explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in North America.