Marathon Oil (MRO) Ascends While Market Falls: Some Facts to Note

Company Performance - Marathon Oil (MRO) closed at $22.65, reflecting a +0.89% change from the previous day, outperforming the S&P 500's daily loss of 0.1% [1] - Over the past month, shares of Marathon Oil have decreased by 4.06%, underperforming the Oils-Energy sector's gain of 1.15% and the S&P 500's gain of 5.78% [1] - The upcoming earnings release is scheduled for February 21, 2024, with projected EPS of $0.62, indicating a 29.55% decline compared to the same quarter last year [1] Analyst Estimates - Recent changes in analyst estimates for Marathon Oil reflect shifting short-term business dynamics, with a consensus EPS projection decreasing by 19.57% in the past 30 days [2] - The company currently holds a Zacks Rank of 5 (Strong Sell), indicating a negative outlook from analysts [2] Valuation Metrics - Marathon Oil's Forward P/E ratio stands at 8.6, which is below the industry average Forward P/E of 12, suggesting the company is trading at a discount compared to its peers [3] - The Oil and Gas - Integrated - United States industry, to which Marathon Oil belongs, has a Zacks Industry Rank of 241, placing it in the bottom 5% of over 250 industries [3]