Marathon Oil Corp (NYSE: MRO) has reported E.P.S. of $0.62 for its second fiscal quarter (ending June 30) versus $0.47 for the same period a year ago — an increase of 32%. However, this result fell short of the consensus estimate of $0.70 by $-0.08. For the latest four quarters through June 30, E.P.S. were $2.57 versus $3.17 for the same period a year ago — a decline of -19%.
Recent Price Action
Marathon Oil Corp (NYSE: MRO) stock closed at $26.86 on 8/7/24 after a modest gain of 1.0%. However, this advance was accompanied by below average trading volume at 80% of normal. The stock has declined -2.8% during the last week but has been strong relative to the market over the last nine months.
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 A (Highest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. Marathon Oil has a slightly positive Power Rating of 69 and a very high Appreciation Score of 92, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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