Marathon Oil Corporation (NYSE:MRO) soared 1.40% during previous trade, a total of 16.37M shares exchanged hands compared with its average trading volume of 10.88M shares whereas its relative volume is 1.24. The stock has a market capitalization of $13.03B along with 847.21M outstanding shares. Stock’s intraday price range hit the peak level of $16.25 and touched the lowest level of $15.70.
Most recently Marathon Oil Corporation (NYSE:MRO)’s price target was revised on 02/17/17 and according to 28 analysts stock’s price will reach at $20.82 during 52 weeks with standard deviation of 3.31. Stock’s minimum price target estimates has been figured out at $15 while the maximum price target forecast is established at $29, if we look at the price target with an optimistic approach it has upside potential of 84% from its latest closing price of $17.75.
Historically, if we look at price target revisions, three weeks ago Marathon Oil Corporation (NYSE:MRO)’s price target was revised on 1/31/17 by the analysts, however the bullish price estimates of the stock set at $23 while the bearish estimates kept at $15 over the next one year. Stock’s 52-week target was retained at $19.63, the estimates indicates a standard deviation of 2.94.
While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 2.16. ABR value is precisely based on brokerage recommendations, where out of 19 brokerage recommendations 9 rate Marathon Oil Corporation (NYSE:MRO) stock a Strong Buy, 0 rate the stocks of the company a Buy, 9 rate Hold, 0 rate Sell and 1 recommend a Strong Sell. Most recently on 12/15/16 the stock of Marathon Oil Corporation (NYSE:MRO) downgraded by Instinet from Buy to Neutral. However previously on 12/13/16 it was downgraded by UBS from Buy to Neutral. A research note issued on 10/17/16 the stock was downgraded by Barclays from Overweight to Equal Weight.
Marathon Oil Corporation (NYSE:MRO) performance over the past one year soared 124.43% whereas its year to date (YTD) performance indicated a bearish trend of -7.40%. During the last six months the stock slipped -2.11%. Quarterly performance of the company shows declining momentum of -2.73% while its last one month trend is negative with -9.44%. Stock’s weekly performance expressed down trend of -1.96%.
The company’s price sits -7.62% below from its 50-day moving average of $16.97 and 4.78% far from the stock’s 200-day moving average which is $16.05. Marathon Oil Corporation (NYSE:MRO)’s shares are currently trading -16.86% away from the 52-week high price of $19.22 and +143.31% far from the 52-week low price of $6.57.
According to consensus agreement of 18 analysts Marathon Oil Corporation (NYSE:MRO) will report earnings per share of $-0.07 in their quarterly report and it is expected to announce the company’s results on 5/3/17. For the current quarter the company has high EPS estimates of $0.02 in contradiction of low EPS estimates of $-0.19. However a year ago for the same quarter the company has reported $-0.43 EPS. Current year EPS projections for Marathon Oil Corporation (NYSE:MRO) set at $-0.14 according to the sentiments of 27 analysts, while its lowest earnings estimates are $-0.59 and highest earnings estimates are $0.05.
According to 7 analysts, Marathon Oil Corporation (NYSE:MRO)’s revenue estimates for the current quarter are $1.34B meanwhile the company has high revenue estimates of $1.43B in contradiction of low revenue estimates of $1.27B. For the current year the company’s revenue estimates are $5.82B compared to low analyst estimates of $5.21B and high estimates of $6.73B according to the projection of 9 analysts.