Marathon Oil Corporation (MRO) has risen sharply, recording gains of 16.94% in the past 4 weeks. However, the stock has corrected -5.06% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 17.18% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 8.19% and the fifty day Moving Average is 9.24%. Marathon Oil Corporation is up 24.06% in the last three month period. Year-to-Date the stock performance stands at 28.55%.
Marathon Oil Corporation (MRO) : The highest level Marathon Oil Corporation (MRO) is projected to reach is $21 for the short term and the lowest estimate is at $16. The consolidated price target from 12 rating analysts who initiate coverage on the stock is $18.75 and the possibility the share price can swing is $2.09.
Marathon Oil Corporation (NYSE:MRO): On Fridays trading session , Opening price of the stock was $16.07 with an intraday high of $16.32. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $15.75. However, the stock managed to close at $15.95, a loss of 0.37% for the day. On the previous day, the stock had closed at $16.01. The total traded volume of the day was 15,538,849 shares.
Marathon Oil Corporation is an energy company based in Houston, Texas, with operations in North America, Europe and Africa. The Company operates in three segments: North America E&P segment, which explores for, produces and markets crude oil and condensate, NGLs and natural gas in North America; International E&P segment, which explores for, produces and markets crude oil and condensate, NGLs and natural gas outside of North America and produces and markets products manufactured from natural gas, such as LNG and methanol, in Egypt and Oil Sands Mining segment, which mines, extracts and transports bitumen from oil sands deposits in Alberta, Canada, and upgrades the bitumen to produce and market synthetic crude oil and vacuum gas oil. It has production operations in the United States, Egypt, Canada, the United Kingdom and Libya. The focus of its the United States operations is its three core unconventional resource plays, including the Eagle Ford, Bakken and Oklahoma Resource Basins.