The 52-week high of the share price is $70.45 and the 52-week low is $44.11.
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Overall, 5 research analysts have assigned a Hold rating and 2 research analysts have given a Buy rating to the stock. Marathon Oil Corporation (NYSE:MRO) has declined 35.05% since April 7, 2015 and is downtrending. Bank of America downgraded the shares of MRO in a report on August 24 to “Buy” rating. BMO Capital Markets decreased their target price on shares of Marathon Oil from $25.00 to $22.00 in a research note on Wednesday, October 7th. Its up 0.07, from 0.91 in 2015Q1.
Marathon Petroleum Corporation has a float short of 2.49% and a short ratio of 2.49.
Hedge funds raised their bullish wagers on US crude this week by the most in six months as speculators bought into oil contracts in forward months on the bet market fundamentals will take time to improve.
Following the offloading of these stakes, Marathon Oil plans to concentrate efforts in the United States shale oil plays.
The price to earnings ratio, or the valuation ratio of a company’s current share price compared to its per-share earnings sits at N/A. This is an important indicator as a higher ratio typically suggests that investors are expecting higher future earnings growth compared to companies in the same industry with lower price to earnings ratios. It trades at an average volume of 2.52M shares versus 2196339 shares recorded at the end of last trading session. The stock has a weekly performance of 1.95 percent and is -40.78 percent year-to-date as of the recent close. The net result was for 1 transaction, worth $76,975. The stock’s market cap is $12.38 billion. The Company operates in three segments: North America E&P segment, which explores for, produces and markets crude oil and condensate, NGLs and natural gas in North America; worldwide E&P segment, which explores for, produces and markets crude oil and condensate, NGLs and natural gas outside of North America and produces and markets products manufactured from natural gas, such as LNG and methanol, in Egypt and Oil Sands Mining segment, which mines, extracts and transports bitumen from oil sands deposits in Alberta, Canada, and upgrades the bitumen to produce and market synthetic crude oil and vacuum gas oil. It now has negative earnings. Marathon Oil’s stock is down -29.14% in the past 200 days.
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The restructuring shuffles Houston, Texas-based Marathon’s Bakken Shale, Eagle Ford Shale and Oklahoma assets into one division as the company attempts to consolidate employees with similar skills sets and engineering know-how, Kallanish Energy finds. It has production operations in the U.S., Egypt, Canada, the United Kingdom and Libya. The company’s business is organized into three segments – North America Exploration and Production, global Exploration and Production, and Oil Sands Mining.
