Marathon Oil Corporation (MRO)
NYSE: MRO · IEX Real-Time Price · USD
27.53
-0.29 (-1.04%)
Apr 24, 2024, 4:00 PM EDT - 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 32.68, with a low estimate of 25 and a high estimate of 45. The average target predicts an increase of 18.71% from the current stock price of 27.53.
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 4 | 4 | 5 | 6 | 6 |
| Buy | 6 | 4 | 4 | 4 | 4 | 6 |
| Hold | 3 | 5 | 5 | 5 | 5 | 5 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 1 | 0 | 0 | 0 | 0 | 0 |
| Total | 15 | 13 | 13 | 14 | 15 | 17 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Benchmark | Benchmark | Strong Buy Reiterates $32 | Strong Buy | Reiterates | $32 | +16.24% | Apr 23, 2024 |
| Susquehanna | Susquehanna | Buy Maintains $33 | Buy | Maintains | $33 | +19.87% | Apr 22, 2024 |
| Piper Sandler | Piper Sandler | Buy Maintains $32 → $34 | Buy | Maintains | $32 → $34 | +23.50% | Apr 19, 2024 |
| Morgan Stanley | Morgan Stanley | Hold Maintains $26 → $27 | Hold | Maintains | $26 → $27 | -1.93% | Apr 15, 2024 |
| Scotiabank | Scotiabank | Buy Maintains $35 → $45 | Buy | Maintains | $35 → $45 | +63.46% | Apr 11, 2024 |
Financial Forecast
Revenue This Year
6.69B
from 6.70B
Decreased by -0.04%
Revenue Next Year
6.95B
from 6.69B
Increased by 3.85%
EPS This Year
2.67
from 2.56
Increased by 4.47%
EPS Next Year
3.11
from 2.67
Increased by 16.45%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 7.4B | 8.9B | 8.5B |
| Avg | 6.7B | 7.0B | 6.9B |
| Low | 5.9B | 5.5B | 5.9B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 9.9% | 33.1% | 21.8% |
| Avg | -0.0% | 3.9% | -1.1% |
| Low | -12.5% | -17.6% | -14.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.52 | 5.34 | 3.95 | 2.78 | 2.94 |
| Avg | 2.67 | 3.11 | 2.91 | 2.31 | 2.83 |
| Low | 1.76 | 1.48 | 1.45 | 1.88 | 2.74 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 37.4% | 99.8% | 26.8% | -4.5% | 27.4% |
| Avg | 4.5% | 16.4% | -6.5% | -20.8% | 22.5% |
| Low | -31.2% | -44.7% | -53.4% | -35.4% | 18.9% |
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.