Marathon Oil stock closed down 1.37%, but positive outlook for future earnings.

From Nasdaq: 2024-06-14 18:15:10

Marathon Oil (MRO) closed at $27.30, down 1.37%. Shares rose by 5.93% in the past month, outperforming the sector and S&P 500. Earnings per share (EPS) is projected to increase by 50%, with revenue expected to rise by 14.53% in the upcoming release.

Analysts anticipate Marathon Oil’s EPS to grow by 8.43% and revenue by 3.01% for the full fiscal year. Positive estimates revisions indicate a favorable outlook. The Zacks Rank model, with a current rating of #3 (Hold), has historically shown a strong correlation between revisions and stock performance.

Marathon Oil is currently valued at a Forward P/E ratio of 9.78, lower than the industry average of 15.39. The Oil and Gas – Integrated – United States industry ranks 164 out of 250+ industries, highlighting potential challenges. Following the upcoming trading sessions on Zacks.com could provide insights for investors.

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Read more at Nasdaq: Marathon Oil (MRO) Declines More Than Market: Some Information for Investors