Section 1: Company Fundamentals
1.1 Company Overview:
Marathon Oil Corporation (NYSE: MRO) is an exploration and production company. The Company is focused on the United States resource plays, which includes the Eagle Ford in Texas, the Bakken in North Dakota, Sooner Trend Anadarko Basin Canadian and Kingfisher Counties (STACK) and South-Central Oklahoma Oil Province (SCOOP) in Oklahoma and Northern Delaware in New Mexico.
Kalkine’s Daily Report covers the Company Overview, Key positives & negatives, Business updates and insights into company recent financial results, Key Risks & Outlook, Price performance and technical summary, Target Price, and Recommendation on the stock.
Stock Performance:
- The stock has corrected by 4.38% in the past three months and has also corrected by around 19.53% in the past six months.
- The stock is leaning at the lower end its 52-week range of USD 19.42 and 52-week high price of USD 33.42.
- The price is currently trading above below its short-term (20-day) SMA and long-term (50-day) SMA, with the current RSI of 40.58.
1.2 Summary Table
1.3 The Key Positives & Negatives
1.4 Key Metrics:
MRO has shown a higher profit margin across all the segments when compared to the industry median, which demonstrates efficient resource allocation and operational efficiency.
Section 2: Marathon Oil Corp (“Buy” at USD 21.97, current market price as on June 26, 2023, at 07:20 am PDT)
2.1 Company Details
2.2 Valuation and Technical Guidance
Markets are trading in a highly volatile zone currently due to certain macroeconomic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is June 27, 2023. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.
Note 4: The report publishing date is as per the Pacific Time Zone.
Technical Indicators Defined: -
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.
Stop-loss: It is a level to protect against further losses in case of unfavorable movement in the stock prices.
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