Oil prices have obviously been on the move. There are several reasons why. Among them, general inflationary pressures, the conflict in Europe, and increased demand from consumers. For the average American, it can feel like a tax. If you’re looking for a way to get some of that revenue back, just go ahead and invest in oil companies. That’s the story with today’s Bull of the Day, Marathon Oil (MRO - Free Report) .
Marathon Oil Corporation operates as an independent exploration and production company in the United States and internationally. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol.
Marathon is currently a Zacks Rank #1 (Strong Buy). The reason for the favorable Zacks Rank is that over the course of the last 60 days, eight analysts have increased their earnings estimates while only one has dropped them. For next year, nine analysts have upped the ante while only a single analyst has cut estimates. The bullish behavior has pushed up our Zacks Consensus Estimates for the current year from $2.83 to $4.94 while next year’s is up from $2.04 to $4.46.
The moves have helped underpin a rally in the stock that has taken it from under $4 in late 2020 to over $27 now. A quick look at the Price, Consensus, and EPS Surprise Chart reveals the strong trends in both earnings and the stock price.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Oil prices have obviously been on the move. There are several reasons why. Among them, general inflationary pressures, the conflict in Europe, and increased demand from consumers. For the average American, it can feel like a tax. If you’re looking for a way to get some of that revenue back, just go ahead and invest in oil companies. That’s the story with today’s Bull of the Day, Marathon Oil (MRO - Free Report) .
Marathon Oil Corporation operates as an independent exploration and production company in the United States and internationally. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol.
Marathon is currently a Zacks Rank #1 (Strong Buy). The reason for the favorable Zacks Rank is that over the course of the last 60 days, eight analysts have increased their earnings estimates while only one has dropped them. For next year, nine analysts have upped the ante while only a single analyst has cut estimates. The bullish behavior has pushed up our Zacks Consensus Estimates for the current year from $2.83 to $4.94 while next year’s is up from $2.04 to $4.46.
The moves have helped underpin a rally in the stock that has taken it from under $4 in late 2020 to over $27 now. A quick look at the Price, Consensus, and EPS Surprise Chart reveals the strong trends in both earnings and the stock price.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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