We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Marathon Oil (MRO) Stock Moves -1.1%: What You Should Know
Read MoreHide Full Article
Marathon Oil (MRO - Free Report) closed the most recent trading day at $27.94, moving -1.1% from the previous trading session. This change was narrower than the S&P 500's daily loss of 2.8%. At the same time, the Dow lost 2.11%, and the tech-heavy Nasdaq lost 0.1%.
Coming into today, shares of the energy company had gained 10.31% in the past month. In that same time, the Oils-Energy sector gained 1.49%, while the S&P 500 lost 4.08%.
Investors will be hoping for strength from Marathon Oil as it approaches its next earnings release, which is expected to be November 2, 2022. On that day, Marathon Oil is projected to report earnings of $1.23 per share, which would represent year-over-year growth of 215.38%. Our most recent consensus estimate is calling for quarterly revenue of $2.13 billion, up 46.51% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.75 per share and revenue of $8.29 billion, which would represent changes of +202.55% and +51.61%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Marathon Oil. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 2.69% lower. Marathon Oil is currently a Zacks Rank #3 (Hold).
Digging into valuation, Marathon Oil currently has a Forward P/E ratio of 5.94. Its industry sports an average Forward P/E of 10.61, so we one might conclude that Marathon Oil is trading at a discount comparatively.
It is also worth noting that MRO currently has a PEG ratio of 0.41. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Oil and Gas - Integrated - United States industry currently had an average PEG ratio of 0.42 as of yesterday's close.
The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 172, putting it in the bottom 32% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Marathon Oil (MRO) Stock Moves -1.1%: What You Should Know
Marathon Oil (MRO - Free Report) closed the most recent trading day at $27.94, moving -1.1% from the previous trading session. This change was narrower than the S&P 500's daily loss of 2.8%. At the same time, the Dow lost 2.11%, and the tech-heavy Nasdaq lost 0.1%.
Coming into today, shares of the energy company had gained 10.31% in the past month. In that same time, the Oils-Energy sector gained 1.49%, while the S&P 500 lost 4.08%.
Investors will be hoping for strength from Marathon Oil as it approaches its next earnings release, which is expected to be November 2, 2022. On that day, Marathon Oil is projected to report earnings of $1.23 per share, which would represent year-over-year growth of 215.38%. Our most recent consensus estimate is calling for quarterly revenue of $2.13 billion, up 46.51% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.75 per share and revenue of $8.29 billion, which would represent changes of +202.55% and +51.61%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Marathon Oil. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 2.69% lower. Marathon Oil is currently a Zacks Rank #3 (Hold).
Digging into valuation, Marathon Oil currently has a Forward P/E ratio of 5.94. Its industry sports an average Forward P/E of 10.61, so we one might conclude that Marathon Oil is trading at a discount comparatively.
It is also worth noting that MRO currently has a PEG ratio of 0.41. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Oil and Gas - Integrated - United States industry currently had an average PEG ratio of 0.42 as of yesterday's close.
The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 172, putting it in the bottom 32% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.