Marathon Oil(MRO)

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Why Marathon Oil (MRO) is a Top Momentum Stock for the Long-Term
Zacks Investment Research· 2024-04-17 14:51
Zacks Premium and Style Scores - Zacks Premium provides tools for investors to become smarter and more confident, including daily updates of Zacks Rank, Zacks Industry Rank, Zacks 1 Rank List, Equity Research reports, and Premium stock screens [1] - Zacks Style Scores rate stocks based on value, growth, and momentum qualities, with ratings from A to F, where A indicates the highest potential for outperformance [2] - The Style Scores are divided into four categories: Value Score, Growth Score, Momentum Score, and VGM Score, which combines all three styles [2][3][4] Zacks Rank and Investment Strategy - The Zacks Rank uses earnings estimate revisions to help investors build successful portfolios, with 1 (Strong Buy) stocks averaging a +25.41% annual return since 1988 [5] - Investors should focus on stocks with a Zacks Rank 1 or 2 and Style Scores of A or B for the highest probability of success [6][7] - Stocks with a 4 (Sell) or 5 (Strong Sell) rating, even with high Style Scores, are likely to have declining earnings forecasts and share prices [6] Marathon Oil (MRO) Analysis - Marathon Oil is a leading oil and natural gas exploration and production company with operations in the U.S. and Africa, holding 1,320 million oil-equivalent barrels in net proved reserves as of 2023 [8] - The company's 2023 production was 405,000 net barrels of oil equivalent per day, with 88% of volumes coming from the U.S. [8] - MRO has a Zacks Rank of 3 (Hold) and a VGM Score of B, with a Momentum Style Score of A and a 5% share price increase over the past four weeks [8][9] - Five analysts revised their earnings estimates higher for fiscal 2024, with the Zacks Consensus Estimate increasing by $0.07 to $2.68 per share and an average earnings surprise of 13% [9]
RSPG: This Energy Fund No Longer Offers An Attractive Entry Point (Rating Downgrade)
Seeking Alpha· 2024-04-14 14:07
bjdlzx Thesis We wrote last August about the exchange traded Invesco S&P 500® Equal Weight Energy ETF (NYSEARCA:RSPG), touting it as an excellent choice to obtain a cross-sectional exposure to U.S. oil and gas, in an environment where tech was the favorite trade. Our original article highlighted how RSPG was unique in offering equal weight exposure to both large and mid-cap energy equities. The fund is substantially up since our 'Buy' rating: RSPG Rating (Author / SA) With a significant rally in oil a ...
Will Marathon Oil (MRO) Beat Estimates Again in Its Next Earnings Report?
Zacks Investment Research· 2024-04-02 17:16
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Marathon Oil (MRO) , which belongs to the Zacks Oil and Gas - Integrated - United States industry, could be a great candidate to consider.When looking at the last two reports, this energy company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 11.44%, on average, in the last two quarters.For the most r ...
Marathon Oil: Strong Setup For 2024
Seeking Alpha· 2024-03-24 08:10
pixinooFundamentals in the U.S. economy continue to support an investment in exploration company Marathon Oil (NYSE:MRO) whose shares have soared more than 20% year to date. The energy company benefits from petroleum prices that have stabilized at around $80 per barrel after OPEC+ members, led by Saudi Arabia and Russia, earlier this month agreed to extend voluntary supply cuts into the second-quarter. Marathon Oil also guided to return at least 40% of its cash flow from operations to shareholders in th ...
Marathon Oil (MRO) Registers a Bigger Fall Than the Market: Important Facts to Note
Zacks Investment Research· 2024-03-22 23:21
Marathon Oil (MRO) closed at $27.10 in the latest trading session, marking a -0.37% move from the prior day. This change lagged the S&P 500's 0.14% loss on the day. Meanwhile, the Dow lost 0.77%, and the Nasdaq, a tech-heavy index, added 0.17%.The the stock of energy company has risen by 13.43% in the past month, leading the Oils-Energy sector's gain of 4.9% and the S&P 500's gain of 5.34%.Analysts and investors alike will be keeping a close eye on the performance of Marathon Oil in its upcoming earnings di ...
Marathon Oil (MRO) Up 13.4% Since Last Earnings Report: Can It Continue?
Zacks Investment Research· 2024-03-22 16:36
A month has gone by since the last earnings report for Marathon Oil (MRO) . Shares have added about 13.4% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Marathon Oil due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Marathon Oil Reports Better-Than-Expected Q4 Earn ...
Why the Market Dipped But Marathon Oil (MRO) Gained Today
Zacks Investment Research· 2024-03-14 23:21
Marathon Oil (MRO) closed at $26.26 in the latest trading session, marking a +1.39% move from the prior day. The stock's change was more than the S&P 500's daily loss of 0.29%. At the same time, the Dow lost 0.35%, and the tech-heavy Nasdaq lost 0.3%.The energy company's shares have seen an increase of 15.68% over the last month, surpassing the Oils-Energy sector's gain of 6.58% and the S&P 500's gain of 4.42%.Market participants will be closely following the financial results of Marathon Oil in its upcomin ...
Should You Invest in Marathon Oil (MRO) Based on Bullish Wall Street Views?
Zacks Investment Research· 2024-03-08 15:31
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Marathon Oil (MRO) .Marathon Oil currently has an average brokera ...
Marathon Oil (MRO) Ascends But Remains Behind Market: Some Facts to Note
Zacks Investment Research· 2024-03-08 00:21
Marathon Oil (MRO) closed the latest trading day at $24.66, indicating a +0.57% change from the previous session's end. The stock's performance was behind the S&P 500's daily gain of 1.03%. Elsewhere, the Dow gained 0.34%, while the tech-heavy Nasdaq added 1.51%.The energy company's stock has climbed by 8.07% in the past month, exceeding the Oils-Energy sector's gain of 4.1% and the S&P 500's gain of 3.21%.The upcoming earnings release of Marathon Oil will be of great interest to investors. On that day, Mar ...
Marathon Oil: The Price Is Right
Seeking Alpha· 2024-03-04 16:27
Amanda Edwards/Getty Images EntertainmentThesis Marathon Oil Corporation (NYSE:MRO) is a quiet oil company that doesn't make the headlines very often. The company simply goes about its business, making profits and rewarding shareholders. MRO goes about both of these tasks differently than what you typically find in the oil and gas space. First, MRO does not have a high exposure to the Permian basin, relying mainly on the Eagle Ford and Bakken Basins to generate the lion's share of its profits. Second, M ...