Yahoo Finance Marathon Oil (MRO) Stock Moves -0.12%: What You Should Know
Marathon Oil (MRO) closed the most recent trading day at $25.70, moving -0.12% from the previous trading session. This move was narrower than the S&P 500's daily loss of 0.25%. Meanwhile, the Dow gained 0.24%, and the Nasdaq, a tech-heavy index, lost 1.88%.
Coming into today, shares of the energy company had gained 0.27% in the past month. In that same time, the Oils-Energy sector lost 3.35%, while the S&P 500 gained 1.48%.
Investors will be hoping for strength from Marathon Oil as it approaches its next earnings release, which is expected to be May 3, 2023. In that report, analysts expect Marathon Oil to post earnings of $0.67 per share. This would mark a year-over-year decline of 34.31%. Our most recent consensus estimate is calling for quarterly revenue of $1.7 billion, down 2.99% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.11 per share and revenue of $7.04 billion. These totals would mark changes of -30.58% and -12.44%, respectively, from last year.
Any recent changes to analyst estimates for Marathon Oil should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 13.93% lower within the past month. Marathon Oil currently has a Zacks Rank of #3 (Hold).
Investors should also note Marathon Oil's current valuation metrics, including its Forward P/E ratio of 8.28. Its industry sports an average Forward P/E of 10.62, so we one might conclude that Marathon Oil is trading at a discount comparatively.
We can also see that MRO currently has a PEG ratio of 0.37. 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 was holding an average PEG ratio of 0.51 at yesterday's closing price.
The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 104, putting it in the top 42% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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.
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Marathon Oil Corporation (MRO) : Free Stock Analysis Report
