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Marathon Oil (MRO) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, Marathon Oil (MRO - Free Report) closed at $25, marking a -1.15% move from the previous day. This move lagged the S&P 500's daily gain of 1.23%. At the same time, the Dow added 0.97%, and the tech-heavy Nasdaq gained 0.44%.
Prior to today's trading, shares of the energy company had gained 12.1% over the past month. This has outpaced the Oils-Energy sector's gain of 7.99% and the S&P 500's gain of 4.69% in that time.
Wall Street will be looking for positivity from Marathon Oil as it approaches its next earnings report date. The company is expected to report EPS of $0.81, up 285.71% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.57 billion, up 46.85% from the year-ago period.
MRO's full-year Zacks Consensus Estimates are calling for earnings of $3.23 per share and revenue of $6.22 billion. These results would represent year-over-year changes of +105.73% and +13.79%, respectively.
Investors should also note any recent changes to analyst estimates for Marathon Oil. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 12.2% higher. Marathon Oil is holding a Zacks Rank of #1 (Strong Buy) right now.
Looking at its valuation, Marathon Oil is holding a Forward P/E ratio of 7.83. Its industry sports an average Forward P/E of 11.43, so we one might conclude that Marathon Oil is trading at a discount comparatively.
Meanwhile, MRO's PEG ratio is currently 0.54. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Oil and Gas - Integrated - United States stocks are, on average, holding a PEG ratio of 0.49 based on yesterday's closing prices.
The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 30, which puts it in the top 12% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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 (MRO) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Marathon Oil (MRO - Free Report) closed at $25, marking a -1.15% move from the previous day. This move lagged the S&P 500's daily gain of 1.23%. At the same time, the Dow added 0.97%, and the tech-heavy Nasdaq gained 0.44%.
Prior to today's trading, shares of the energy company had gained 12.1% over the past month. This has outpaced the Oils-Energy sector's gain of 7.99% and the S&P 500's gain of 4.69% in that time.
Wall Street will be looking for positivity from Marathon Oil as it approaches its next earnings report date. The company is expected to report EPS of $0.81, up 285.71% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.57 billion, up 46.85% from the year-ago period.
MRO's full-year Zacks Consensus Estimates are calling for earnings of $3.23 per share and revenue of $6.22 billion. These results would represent year-over-year changes of +105.73% and +13.79%, respectively.
Investors should also note any recent changes to analyst estimates for Marathon Oil. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 12.2% higher. Marathon Oil is holding a Zacks Rank of #1 (Strong Buy) right now.
Looking at its valuation, Marathon Oil is holding a Forward P/E ratio of 7.83. Its industry sports an average Forward P/E of 11.43, so we one might conclude that Marathon Oil is trading at a discount comparatively.
Meanwhile, MRO's PEG ratio is currently 0.54. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Oil and Gas - Integrated - United States stocks are, on average, holding a PEG ratio of 0.49 based on yesterday's closing prices.
The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 30, which puts it in the top 12% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.