StockChartsAI.com
All Chart Prices Delayed at least 15 minutesBefore accessing this site, you agree that you have read and agree to the disclaimers at the bottom of this page.
Stock Charts AI Power Rank: 7.4
Power Rank trend -> Falling
07/08/2024 11:21:00 EST
Marathon Oil Corporation (MRO)
Industry: Oil & Gas E&P
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, MRO has been trading in a range between $28.83 and $27.30 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
MRO is trading below resistance at $29.69, about 6% to the upside. There is support at $27.65 -1% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Marathon Oil Corporation $MRO entered a Green zone 11 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $33.78, a potential upside of 19.87% from the recent price of 28.18. The stock is trading 6.25% (potential upside) below its 52 week high of $29.94 and 30.34 % (potential downside) above its 52 week low of $21.62 - based on the recent price.
Company Summary
Marathon Oil Corporation, an independent exploration and production company, engages in exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas in the United States and internationally The company also produces and markets products manufactured from natural gas, such as liquefied natural gas and methanol. In addition, it owns and operates Sugarloaf gathering system, a natural gas pipeline.
News
| Energy Stocks: Winners And Losers At The Beginning Of H2 2024 The energy sector underperformed the S&P500 in Q2 2024, continuing a trend that started earlier, and this is likely to continue heading into H2 2024. There are a number of factors that seem to be weighing on the energy sector, although some stocks are affected more than others. Crude oil is hemmed in between two opposing forces, which are both trying to impose their influence on prices. Source: Seeking Alpha Thu, 04 Jul 2024 07:32:20 -0400 Sentiment: Negative |
| SHAREHOLDER ALERT: The M&A Class Action Firm Investigates Merger of Marathon Oil Corp. – MRO NEW YORK, July 03, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Marathon Oil Corp. ( NYSE : MRO ), relating to its proposed merger with ConocoPhillips. Under the terms of the agreement, Marathon Oil shareholders will receive 0.255 shares of ConocoPhillips common stock for each share of Marathon Oil Corp. stock they held. Source: GlobeNewsWire Wed, 03 Jul 2024 15:53:00 -0400 Sentiment: Neutral |
| SHAREHOLDER ALERT: The M&A Class Action Firm Investigates Merger of Marathon Oil Corp. - MRO NEW YORK, July 2, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Marathon Oil Corp. (NYSE: MRO), relating to its proposed merger with ConocoPhillips. Source: PRNewsWire Tue, 02 Jul 2024 20:06:00 -0400 Sentiment: Neutral |
| 3 Oil Stock Steals That Wall Street Is Overlooking The oil sector is witnessing significant fluctuations, creating opportunities for undervalued oil stocks. With Brent crude trading at around $77 a barrel and West Texas Intermediate at $73, market conditions are ripe for strategic investments. Source: InvestorPlace Tue, 02 Jul 2024 16:45:00 -0400 Sentiment: Positive |
| 2 Energy Stocks to Avoid in July Amid Oil Rally Oil prices are on the rise today, on track for their highest close since April as analysts continue to forecast supply deficits. Source: Schaeffers Research Mon, 01 Jul 2024 15:20:09 -0400 Sentiment: Negative |
Technicals 52 Week Hi: 29.9355 52 Week Low: 21.6175 Beta: 2.194 50 Day MA: 27.45 200 Day MA: 25.9727 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.219 Qtr Revenue Growth YOY: -0.028 Forward PE: 10.582 Trailing PE: 11.6446