Marathon Oil Corporation (MRO)

Marathon Oil Stock Forecast

Stock Price Forecast

The 17 analysts with 12-month price forecasts for Marathon Oil stock had an average target of 30.94, with a low estimate of 27 and a high estimate of 37.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$27	$30.94	$31	$37
Change	-5.43%	+8.37%	+8.58%	+29.60%

* Price targets were last updated on Nov 18, 2024.

Analyst Ratings

The average analyst rating for Marathon Oil stock from 17 stock analysts was "Buy". This means that analysts believed this stock was likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24
Strong Buy	6	6	6	5	5	5
Buy	5	4	4	4	4	4
Hold	5	7	7	8	8	8
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	16	17	17	17	17	17

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Mark Lear Piper Sandler	Piper Sandler	Buy Maintains $37 → $34	Buy	Maintains	$37 → $34	+19.09%	Nov 18, 2024
Paul Cheng Scotiabank	Scotiabank	Hold Maintains $28 → $28	Hold	Maintains	$28 → $28	-1.93%	Oct 10, 2024
Betty Jiang Barclays	Barclays	Buy Maintains $35 → $34	Buy	Maintains	$35 → $34	+19.09%	Oct 3, 2024
Roger Read Wells Fargo	Wells Fargo	Hold Maintains $29 → $27	Hold	Maintains	$29 → $27	-5.43%	Oct 1, 2024
Neal Dingmann Truist Securities	Truist Securities	Strong Buy Maintains $35 → $27	Strong Buy	Maintains	$35 → $27	-5.43%	Sep 30, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

6.68B

Increased by 3.50%

from 6.45B

Revenue Next Year

6.71B

Increased by 0.39%

from 6.68B

EPS This Year

2.43

Decreased by -4.90%

from 2.56

EPS Next Year

2.40

Decreased by -1.53%

from 2.43

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	5.13B	3.12B	5.62B	7.58B	6.45B	6.68B	6.71B	6.93B
Revenue Growth	-15.32%	-39.08%	79.88%	34.88%	-14.81%	3.50%	0.39%	3.36%
EPS	0.59	-1.83	1.20	5.26	2.56	2.43	2.40	2.47
EPS Growth	-54.26%	-	-	338.33%	-51.33%	-4.90%	-1.53%	3.21%
Forward PE	-	-	-	-	-	11.73	11.91	11.54
No. Analysts	-	-	-	-	-	25	25	15

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026
High	7.2B	7.8B	7.8B
Avg	6.7B	6.7B	6.9B
Low	6.3B	5.8B	5.6B

Revenue Growth

Revenue Growth	2024	2025	2026
High	12.2%	16.6%	15.7%
Avg	3.5%	0.4%	3.4%
Low	-2.8%	-12.8%	-16.0%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	2.95	3.41	3.26
Avg	2.43	2.40	2.47
Low	2.07	1.59	1.60

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	15.3%	40.2%	36.1%
Avg	-4.9%	-1.5%	3.2%
Low	-19.0%	-34.8%	-33.4%

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.