Marathon Oil Corporation (MRO)
NYSE: MRO · Real-Time Price · USD
28.55
-0.37 (-1.28%)
Nov 21, 2024, 4:00 PM EST - Market closed
Marathon Oil Stock Forecast
Stock Price Forecast
The 17 analysts with 12-month price forecasts for Marathon Oil stock have an average target of 30.94, with a low estimate of 27 and a high estimate of 37. The average target predicts an increase of 8.37% from the current stock price of 28.55.
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 | 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 |
|---|---|---|---|---|---|---|---|
| Piper Sandler | Piper Sandler | Buy Maintains $37 → $34 | Buy | Maintains | $37 → $34 | +19.09% | Nov 18, 2024 |
| Scotiabank | Scotiabank | Hold Maintains $28 → $28 | Hold | Maintains | $28 → $28 | -1.93% | Oct 10, 2024 |
| Barclays | Barclays | Buy Maintains $35 → $34 | Buy | Maintains | $35 → $34 | +19.09% | Oct 3, 2024 |
| Wells Fargo | Wells Fargo | Hold Maintains $29 → $27 | Hold | Maintains | $29 → $27 | -5.43% | Oct 1, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $35 → $27 | Strong Buy | Maintains | $35 → $27 | -5.43% | Sep 30, 2024 |
Financial Forecast
Revenue This Year
6.68B
from 6.45B
Increased by 3.50%
Revenue Next Year
6.71B
from 6.68B
Increased by 0.39%
EPS This Year
2.43
from 2.56
Decreased by -4.90%
EPS Next Year
2.40
from 2.43
Decreased by -1.53%
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.