Marathon Oil stock: buy or sell

MRO stock price: $7.47 -4.48% At close on Jan 26th, 2021

Updated on:
Jan 27th, 2021

2

Marathon Oil stock brief

  • Counting on Tuesday, it's been 4 consecutive sessions in negative for Marathon Oil. Price closed on Tuesday at $7.47 after sinking a -4.48%.
  • The stock is configuring an uptrend pattern since last October, when it bottomed at $3.71. This uptrend marked a 101.35% gain
  • Siebert Williams Shank published a strong positive rating for Marathon Oil last Friday
  • Marathon Oil Corporation operates as an independent exploration and production company in the United States and Equatorial Guinea.

Should I buy Marathon Oil stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $MRO stock a buy?

Currently, Marathon Oil stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $MRO will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Marathon Oil stock?

When you are a novel trader and you own a stock with some profit, it's really hard to decide the best moment to sell and get your benefits. Much like when we have to buy shares, choosing when is appropiate to sell is not a fickle decision, and we must adhere our own trading strategy. We like very simple strategies to guide us on when is a good time to sell a stock. Be aware that these strategies should not be used for selling short $MRO stock

As a rule of thumb, you must never keep a trade that leads to greater losses than those expected by the time of purchase. The moment to sell shares should always be ruled by the stop-loss (automatic or manual)

Is it time to sell Marathon Oil stock?

In the current situation of Marathon Oil there is not any eligible sell setup, so Marathon Oil stock holders with operations in green can keep their positions

Marathon Oil ratings

In the last 30 days, 6 analyst ratings were published for Marathon Oil

Marathon Oil analysts' ratings - Last month
Brokerage firmRating
Jan 12th, 2021
Mizuho NeutralStrong buy
Jan 13th, 2021
Siebert Williams Shank Neutral
Smith Barney Citigroup Neutral
Jan 14th, 2021
Barclays
Truist NeutralStrong buy
Jan 22nd, 2021
Siebert Williams Shank NeutralStrong buy

Marathon Oil stock analysis

Since last October, Marathon Oil has been drawing an uptrend that so far marked an amazing 101.35%. The price action shows rising highs and lows, and along the way provided very few entry points for those who wanted to invest. Latest pullback was in mid-December, when price bounced at $6.27. Now, the price swings in a consolidation between its last top ($8.83) and its last bottom ($6.27)

SMAs overview

MRO stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $7.59 (1.61% above)
  • R2: $7.70 (3.08% above)
  • R3: $7.81 (4.55% above)
  • The current support levels are:

  • S1: $7.46 (-0.13% below)
  • S2: $7.44 (-0.40% below)
  • S3: $7.37 (-1.34% below)
  • Bollinger bands

    Since the price surpassed the upper band on January 14, the price has corrected downwards by 15.40%

    MRO stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 on January 15 after just crossing to the overbough zone for 1 day (weak signal). The RSI reading on Tuesday was 49.31. Marathon Oil stock sank a 13.84% since that level was lost

    MRO stock RSI chart

    Marathon Oil stock price history

    Marathon Oil went public on Jan 2nd, 1970 at $0.73 per share1. Since then, MRO stock has risen by 923.29%, with an average of 18.10% per year. If you had invested thousand dollars in Marathon Oil stock at that time, it would be valued $10,232.88 today.

    1: Adjusted price after possible price splits or reverse-splits

    MRO stock price history chart

    Price target for Marathon Oil stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations post their analysis predicting how a stock will performance in the future.

    The following table shows the price predictions released by analysts in the last month. If you are a small trader you should not trade based on these projections.

    There are 3 price predictions issued for Marathon Oil that average $9.33. That is a 24.90% than the current price ($7.47).

    Marathon Oil stock price predictions
    Brokerage firmPrice target
    Jan 12th, 2021
    Mizuho $6.00$11.00
    Jan 13th, 2021
    Siebert Williams Shank $8.00
    Smith Barney Citigroup $6.00$9.00
    Jan 14th, 2021
    Barclays Not available
    Truist Not available
    Jan 22nd, 2021
    Siebert Williams Shank Not available

    Earnings and financials

    Financial call was hosted by Marathon Oil ($MRO) last November after presenting the earnings report. Marathon Oil missed analysts estimates and posted of $-0.28, that is a -3.70% lower than the initial predictions of $-0.27. Nevertheless, reported sales of $754.0 million were in line with analysts estimates.

    For comparison, the EPS for the same quarter last year was $0.14, so reported EPS is a loss of -300.00%. Sales tanked a -39.12% on an annualized basis in the , from $12.6B to $7.6B last quarter.

    Marathon Oil ($MRO) is releasing Q4 earnings report next Wednesday. Market expects of $-0.20, compared to Q3 that was $-0.28.

    Marathon Oil performance

    MRO performance compared
    Company1m3m6m
    Marathon Oil ($MRO) 10.20% 74.90% 35.60%

    Important note:
    The comments written in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this paper does not have an understanding of the individual conditions of the reader, his or her financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are expressed for informational purposes only

    Marathon Oil summary

    Tuesday, January 26th, 2021
    Open$7.96
    Close$7.47
    Day range$7.44 - $8.08
    Previous close$7.82
    Session gain-4.48%
    Average true range$0.59
    50d mov avg$6.85
    100d mov avg$5.58
    200d mov avg$5.63
    Earnings dateFebruary 10th, 2021

    Frequently asked questions

    What is Marathon Oil stock symbol?

    Marathon Oil Corporation is a public company trading in the US stock market with the MRO symbol

    Is Marathon Oil stock a buy or sell?

    Marathon Oil received 6 ratings in the last 30 days: 3 bullish, 0 bearish and 2 neutral.

    Will MRO go up?

    Marathon Oil had different price forecasts posted by analysts in the last 4 weeks setting the target price to $9.33. That is a 24.90% than the last price ($7.47).