Marathon Oil Corporation (MRO) is an interesting player in the Basic Materials space, with a focus on Independent Oil & Gas. The stock has been active on the tape, currently trading at $21.65, up from yesterday’s close by 2.22%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.Fundamental Analysis
Marathon Oil Corporation (MRO) currently trades with a market capitalization of $18.70 Billion. That value represents a market adjusting for revenues that have been growing by 59.39 % on a quarterly year/year basis as of the company’s last quarterly report.
You can get a sense of how sustainable that is by a levered free cash flow of -$217 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.15 on a per share basis this quarter. Perhaps, that suggests something about why 0.57% of the outstanding share supply is held by institutional investors.
It’s important to check the technicals to get a sense of how MRO has been acting. Looking at the stock’s movement on the chart, Marathon Oil Corporation recorded a 52-week high of $21.68. It is now trading 0.030000000000001% off that level. The stock is trading $17.55 its 50-day moving average by -4.1%. The stock carved out a 52-week low down at $10.55.
In recent action, Marathon Oil Corporation (MRO) has made a move of +20.34% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 15.08, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 1.72% with $850.83 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of MRO.