Marathon Oil Corporation (MRO)
NYSE: MRO · IEX Real-Time Price · USD
28.72
-0.54 (-1.85%)
At close: Jul 19, 2024, 4:00 PM
28.63
-0.09 (-0.31%)
Pre-market: Jul 22, 2024, 8:24 AM EDT
Marathon Oil Stock Forecast
Stock Price Forecast
The 17 analysts with 12-month price forecasts for Marathon Oil stock have an average target of 31.91, with a low estimate of 27 and a high estimate of 36. The average target predicts an increase of 11.11% from the current stock price of 28.72.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Marathon Oil stock from 17 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 6 | 6 | 6 | 6 | 6 |
| Buy | 4 | 4 | 6 | 5 | 5 | 4 |
| Hold | 5 | 5 | 5 | 5 | 5 | 7 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 14 | 15 | 17 | 16 | 16 | 17 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JP Morgan | JP Morgan | Buy → Hold Downgrades $33 | Buy → Hold | Downgrades | $33 | +14.90% | Jul 17, 2024 |
| Scotiabank | Scotiabank | Buy → Hold Downgrades $45 → $29 | Buy → Hold | Downgrades | $45 → $29 | +0.97% | Jul 12, 2024 |
| Mizuho | Mizuho | Hold Maintains $33 → $34 | Hold | Maintains | $33 → $34 | +18.38% | Jun 5, 2024 |
| Wells Fargo | Wells Fargo | Buy → Hold Downgrades $38 → $29 | Buy → Hold | Downgrades | $38 → $29 | +0.97% | May 31, 2024 |
| Mizuho | Mizuho | Hold Maintains $31 → $33 | Hold | Maintains | $31 → $33 | +14.90% | May 13, 2024 |
Financial Forecast
Revenue This Year
6.81B
from 6.70B
Increased by 1.66%
Revenue Next Year
7.01B
from 6.81B
Increased by 2.95%
EPS This Year
2.88
from 2.56
Increased by 12.49%
EPS Next Year
3.32
from 2.88
Increased by 15.19%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 7.4B | 8.3B | 7.9B |
| Avg | 6.8B | 7.0B | 6.7B |
| Low | 6.2B | 5.9B | 5.9B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 10.3% | 21.6% | 12.9% |
| Avg | 1.7% | 3.0% | -4.0% |
| Low | -6.8% | -13.3% | -15.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.82 | 5.38 | 4.53 | 2.47 | 2.94 |
| Avg | 2.88 | 3.32 | 2.99 | 1.95 | 2.29 |
| Low | 2.12 | 1.69 | 1.37 | 1.49 | 1.71 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 49.3% | 86.7% | 36.4% | -17.6% | 50.4% |
| Avg | 12.5% | 15.2% | -9.7% | -34.7% | 17.3% |
| Low | -17.3% | -41.4% | -58.6% | -50.3% | -12.7% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.