Marathon Oil Corporation | MRO

Daily Technical Analysis of Marathon Oil Corporation

Marathon Oil is down a bit on the day, funds flowing out kept the price down -1.04% since yesterday.

It looks like Marathon Oil isn't currently at a very decisive point in regards to support/resistance levels. MRO has been bouncing around but hasn't taken a very clear direction over the last few months. So it doesn't have very much obvious momentum in either direction. MRO might find some support at the 26.53 level, buyers might push the price back up from here. But it's not very clear what will happen.

Last analyzed on 2024-03-17

Analyst Ratings for Marathon Oil By Price Target And Rating

The analysts feel pretty optimistic about Marathon Oil and have been assigning positive ratings. The current Analysts Sentiment Score is 205.24. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Morgan Stanley gave a boost to their price target and moved to $27.00 from $26.00 on 2024-04-15. Scotiabank boosted their price targ by 28.57% to $45.00 on 2024-04-11. Barclays initiated a rating of Overweight on 2024-04-10 and provided a price target of $35.00. Truist Financial decided to move up their price target on 2024-04-05 to $36.00 which is a 2.86% increase. On 2024-03-26 The Goldman Sachs Group increased their price target by 13.21% to $30.00. Mizuho gave a boost to their price target and moved to $31.00 from $28.00 on 2024-03-22. On 2024-03-22 Stifel Nicolaus lowered their price target by -7.69% to $36.00. Argus upgraded from Hold to Buy on 2024-03-14 and provided a price target of $31.00. Benchmark provided a price target boost of 28% to $32.00 from $25.00 on 2024-03-13. On 2024-03-06 UBS Group lowered their price target by -3.57% to $27.00.

Company	Ratings Score ? Composite analyst sentiment score	Positive Ratings	Negative Ratings	Boost Price Target	Lower Price Target
MRO	205.24	205.97	0	231.4	-26.89

Earnings Per Share (EPS) Estimates By Year and Quarter

(updated 2024-04-22)

Company	YOY Growth Score (typical -20 to +20)	Revision Directions (-6 to +6)
MRO	0.00	0.00

Short interest for Marathon Oil

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Company	Short Score (typical 1-15) ? We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)	Short Interest	Days to Cover	Rate of Change	Shares Short
MRO	0.92	%1.6	0.9	-25.41	9890000

How Marathon Oil compares to the broader Energy sector and the more specific Oil & Gas - E&P industry

Segment	Count	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Demark Buy	Short Interest	Analysts Ratings ? We track several different measures of analyst sentiment including ratings and price targets. To create a composite Analyst Sentiment Score, we weight several factors such as the recent rate of change which can be more predictive than the absolute level. We also weight each analyst's opinion based on their historic accuracy. We built in a time decay function to ensure that the rating reflects the current sentiment levels. Typical range (-80 to +80)
Oil & Gas - E&P Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	40	0.44	3.16	2.47	11.42	2.28	17.18	66.80	-8.49	-2.46	-3.66	-8217.57	-10972.68	29.38	3.12	3.88	34.00
Energy Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	109	-0.16	2.66	0.67	7.66	5.44	72.94	64.43	18.93	11.32	11.67	-6096.75	-14665.92	39.22	2.29	3.95	28.77

Social Sentiment for Marathon Oil

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.

Ticker	Social Sentiment(1-10)
MRO

Companies with the highest correlation to Marathon Oil

Company	Score	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Short Interest Score
DVN \| Devon Energy Corporation	2.43	-0.89	1.30	5.34	20.27	9.75	-2.09	90	-0.86	-2.07	-8.12	165.24	-5582.33	150	1.61838
COP \| ConocoPhillips	2.42	-0.43	1.15	1.92	13.35	7.78	26.63	89	1.13	1.94	0.88	181.63	-19593.76	0	1.79852
FANG \| Diamondback Energy, Inc.	2	0.43	2.83	4.43	30.78	25.71	47.30	86	28.65	34.06	42.44	0.00	-24853.65	0	2.56591
HAL \| Halliburton Company	2	0.34	0.18	-0.28	5.19	-3.75	16.45	86	0.75	1.17	-2.29	199.58	-3651.60	150	1.77112
EOG \| EOG Resources, Inc.	2	0.59	2.91	7.29	16.12	4.36	16.23	90	-0.66	-3.38	-6.49	-4547.87	-7884.85	150	1.83974
MUR \| Murphy Oil Corp.	1.94	0.13	2.28	2.46	16.01	1.45	27.08	89	0.53	-0.16	-3.68	-1478.94	-10448.56	0	3.47115
OVV \| Ovintiv Inc.	1.91	0.25	2.66	3.00	21.55	8.94	47.64	68	11.83	14.75	15.29	-1240.96	-19881.96	0	3.43843
OXY \| Occidental Petroleum Corp	1.87	-0.09	1.95	4.88	14.31	7.68	9.78	75	0.63	0.96	-2.91	-1810.04	-9508.09	0	4.70844

Top 3 correlating companies

See full charts for all peers

Research

Estimates

Ratings

Short Interest

Smart Money

Options

Financials

Social

Misc