For its first fiscal quarter (ending March 31), Marathon Oil Corp (NYSE: MRO) has reported a -21% decline in E.P.S. from $0.66 a year ago to $0.52 in the current quarter. This performance was $-0.27 short of the consensus estimate of $0.79. For the latest four quarters through March 31, E.P.S. were $2.42 versus $4.07 for the same period a year ago — a decline of -41%.
Recent Price Action
On 5/1/24, Marathon Oil Corp (NYSE: MRO) stock declined by -2.8%, closing at $26.10. NORMAL trading volume accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -6.2% during the last week.
Current PriceTarget Research Rating
MRO is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Marathon Oil has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Marathon Oil has a very high Appreciation Score of 92 but a poor Power Rating of 23, and the High Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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