Alert: Negative Investment/Fundamental Signals (11/9/23)-Marathon Oil Corp (NYSE: MRO)


Recent extremely meaningful negative changes in investment behavior have impacted Marathon Oil Corp (NYSE: MRO): the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and negative upside/downside volume developed.

Slight negative changes in fundamentals have recently occurred for Marathon Oil Corp (NYSE: MRO): significant quarterly sales deceleration occurred.

In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.


Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, MRO is expected to continue to be an important Value Builder.

Marathon Oil has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Marathon Oil has a very high Power Rating of 86 and a very high Appreciation Score of 91, triggering the Highest Value Trend Rating.

Recent Price Action

On 11/9/23, Marathon Oil Corp (NYSE: MRO) stock declined slightly by -0.2%, closing at $24.80. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -8.5% during the last week.

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