- Marathon Oil is showing high Implied volatility in the call options.
- The price of the MRO has advanced by 3.39% in the last month following an uptrend.
The current market cap of the stock is 16.432 Billion and the price-to-earnings ratio of the stock is 8.25 which means that the traders are willing to pay a higher price for the stock. The beta of the stock is 1.07 which means the stock relatively moves higher than the overall market.
The MRO works in the oil & gas production industry and the CEO of the company is Lee M. Tillman. It was founded in 1887. The company has a total of 1.57K employees and has its headquarters in Houston.
The company has paid a total of $0.32 as a dividend in the year 2022 following an advance of $0.14 compared to the year 2021. The total dividend yield by the company for the year 2022 is 1.18% following a payout ratio of 6.09%. The dividends are paid quarterly by the company and the last dividend paid was $0.10.
Marathon Oil Corporation Performance Analysis
Based on the financial data of the company, the debt of the company has highly advanced from $4.11B in the year 2021 to $6.07B in the year 2022. The revenue of the company for the year 2022 is $7.54B and the profit margin has advanced to 47.90%. The EBITDA of the company is 71%. The financials of the company represent strong data and show that MRO is financially stable.
MRO Technical Analysis
MRO share price is making a higher high swing structure by breaking out above the previous swing high and taking support at the same. The price is following an uptrend and based on the current scenario it can advance to higher levels.
The RSI for the MRO stock is bullish on the charts as per the daily timeframe as it is trading above the 50-level and has also touched the levels of the overbought zone. This indicates that unless the value of the RSI stays above 50, the stock price can continue to rise.
As the price of the Marathon Oil Corporation share has been consistently rising for a very long time, the 50-day and the 200-day Exponential Moving Average has become positive following a golden cross on the charts, this indicates an uptrend in the price of the stock.
Technical Overview of MRO Stock
Technical indicators like Moving Averages and the the other oscillators are strongly bullish on the stock in the daily timeframe and considering the fundamentals and financials the expert analysts are bullish on the stock, which indicates the buying sentiment in the stock.
Conclusion
The MRO share has very strong fundamentals and financials following a high PE ratio, the technicals are also bullish as the market is trading in a bullish price structure and indicators like EMA and RSI are trading in a bullish territory.
Therefore, the price of the stock is expect to advance to higher levels in the upcoming days hitting high resistance.
Technical Levels
- Support levels- $21.80 and $25.35
- Resistance levels- $30.00 and $33.00
Disclaimer
The information provided in this article, including the views and opinions express by the author or any individuals mentioned, is intended for informational purposes only. It is important to note that the article does not provide financial or investment advice. Investing or trading in cryptocurrency assets carries inherent risks and can result in financial loss.