Marathon Oil (MRO) Stock Forecast, Price Target & Predictions
MRO Stock Forecast
Marathon Oil stock forecast is as follows: an average price target of $29.32 (represents a 12.21% upside from MRO’s last price of $26.13) and a rating consensus of 'Buy', based on 14 wall street analysts offering a 1-year stock forecast.
MRO Price Target
MRO Analyst Ratings
Marathon Oil Price Target by Analyst
Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
---|---|---|---|---|---|---|
Sep 04, 2024 | Biju Perincheril | Susquehanna | $37.00 | $27.71 | 33.53% | 41.60% |
Aug 15, 2024 | Mark Lear | Piper Sandler | $37.00 | $27.65 | 33.82% | 41.60% |
Jun 05, 2024 | Nitin Kumar | Mizuho Securities | $34.00 | $27.89 | 21.91% | 30.12% |
Jun 03, 2024 | Scott Hanold | RBC Capital | $33.00 | $28.96 | 13.95% | 26.29% |
May 13, 2024 | Nitin Kumar | Mizuho Securities | $33.00 | $26.59 | 24.11% | 26.29% |
Apr 17, 2024 | Roger Read | Wells Fargo | $39.00 | $28.35 | 37.57% | 49.25% |
Mar 21, 2024 | Nitin Kumar | Mizuho Securities | $31.00 | $27.20 | 13.97% | 18.64% |
Mar 14, 2024 | Bill Selesky | Argus Research | $31.00 | $26.26 | 18.05% | 18.64% |
Jul 12, 2023 | Neil Mehta | Goldman Sachs | $25.00 | $24.71 | 1.15% | -4.32% |
Nov 28, 2022 | John Freeman | Raymond James | $48.00 | $29.92 | 60.43% | 83.70% |
Marathon Oil Price Target by Period
1M | 3M | 12M | |
---|---|---|---|
# Anlaysts | 1 | 2 | 8 |
Avg Price Target | $37.00 | $37.00 | $34.38 |
Last Closing Price | $26.13 | $26.13 | $26.13 |
Upside/Downside | 41.60% | 41.60% | 31.57% |
Analyst Ratings Upgrades/Downgrades
Date | Company | Previous Rating | New Rating | Rating Change |
---|---|---|---|---|
Sep 04, 2024 | Susquehanna | Positive | Positive | Hold |
Aug 15, 2024 | Piper Sandler | Overweight | Overweight | Hold |
Aug 14, 2024 | Jefferies | Underperform | Underperform | Hold |
Aug 01, 2024 | Bernstein | Outperform | Outperform | Hold |
Jul 22, 2024 | Susquehanna | Positive | Positive | Hold |
Jul 12, 2024 | RBC Capital | Outperform | Outperform | Hold |
Jul 12, 2024 | Wells Fargo | Sector Perform | Sector Perform | Hold |
Jul 12, 2024 | Scotiabank | Sector Outperform | Sector Perform | Downgrade |
Jun 14, 2024 | B. Riley | Underperform | Underperform | Hold |
Jun 03, 2024 | RBC Capital | Outperform | Outperform | Hold |
Marathon Oil Financial Forecast
Marathon Oil Revenue Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.81B | $1.48B | $1.57B | $1.60B | $2.01B | - | $1.76B | $1.73B | $1.44B | $1.25B | $1.18B | $822.00M | $761.00M | $490.00M | $1.02B | $1.23B | $1.25B |
Avg Forecast | $1.93B | $1.91B | $1.88B | $1.84B | $1.79B | $1.77B | $1.72B | $1.72B | $1.74B | $1.77B | $1.69B | $1.56B | $1.66B | $1.76B | $1.51B | $1.62B | $1.73B | $2.02B | $2.12B | $1.80B | $1.57B | $1.32B | $1.13B | $1.08B | $849.54M | $756.07M | $511.59M | $1.04B | $1.26B | $1.26B |
High Forecast | $2.04B | $2.03B | $1.99B | $1.95B | $1.90B | $1.88B | $1.82B | $1.83B | $1.85B | $1.86B | $1.79B | $1.66B | $1.69B | $1.82B | $1.60B | $1.72B | $1.83B | $2.14B | $2.12B | $1.91B | $1.66B | $1.40B | $1.20B | $1.15B | $901.23M | $802.07M | $542.71M | $1.10B | $1.34B | $1.34B |
Low Forecast | $1.75B | $1.74B | $1.71B | $1.67B | $1.63B | $1.61B | $1.56B | $1.57B | $1.59B | $1.69B | $1.54B | $1.42B | $1.60B | $1.64B | $1.37B | $1.48B | $1.57B | $1.84B | $2.12B | $1.64B | $1.43B | $1.20B | $1.03B | $984.47M | $774.35M | $689.15M | $466.31M | $946.60M | $1.15B | $1.15B |
# Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 4 | 7 | 14 | 13 | 7 | 6 | 6 | 9 | 6 | 7 | 12 | 7 | 4 | 6 | 4 | 6 | 4 | 5 | 3 |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.03% | 0.98% | 0.97% | 0.93% | 0.99% | - | 0.98% | 1.11% | 1.09% | 1.11% | 1.09% | 0.97% | 1.01% | 0.96% | 0.99% | 0.98% | 0.99% |
Marathon Oil EBITDA Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 4 | 7 | 14 | 13 | 7 | 6 | 6 | 9 | 6 | 7 | 12 | 7 | 4 | 6 | 4 | 6 | 4 | 5 | 3 |
EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.16B | $426.00M | $588.00M | $658.00M | $832.00M | - | $968.00M | $1.07B | $653.00M | $499.00M | $590.00M | $101.00M | $182.00M | $-237.00M | $531.00M | $535.00M | $733.00M |
Avg Forecast | $518.58M | $514.91M | $506.26M | $496.05M | $481.90M | $477.45M | $462.53M | $464.24M | $469.57M | $476.38M | $456.01M | $1.28B | $447.02M | $472.95M | $407.22M | $1.16B | $465.68M | $666.37M | $570.07M | $1.06B | $719.40M | $526.77M | $434.00M | $73.09M | $-429.00M | $-310.00M | $-801.43M | $-42.00M | $-3.90M | $137.88M |
High Forecast | $549.68M | $545.78M | $536.62M | $525.80M | $510.80M | $506.08M | $490.26M | $492.08M | $497.73M | $500.33M | $483.35M | $1.54B | $455.09M | $490.04M | $431.64M | $1.40B | $493.60M | $799.64M | $570.07M | $1.27B | $863.28M | $632.13M | $520.80M | $87.71M | $-343.20M | $-248.00M | $-641.14M | $-33.60M | $-3.12M | $165.45M |
Low Forecast | $471.58M | $468.24M | $460.37M | $451.09M | $438.22M | $434.17M | $420.61M | $422.16M | $427.01M | $455.09M | $414.67M | $1.02B | $430.86M | $440.88M | $370.31M | $931.81M | $423.47M | $533.10M | $570.07M | $847.10M | $575.52M | $421.42M | $347.20M | $58.48M | $-514.80M | $-372.00M | $-961.71M | $-50.40M | $-4.68M | $110.30M |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.46% | 1.05% | 0.50% | 1.41% | 1.25% | - | 0.91% | 1.49% | 1.24% | 1.15% | 8.07% | -0.24% | -0.59% | 0.30% | -12.64% | -137.18% | 5.32% |
Marathon Oil Net Income Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 4 | 7 | 14 | 13 | 7 | 6 | 6 | 9 | 6 | 7 | 12 | 7 | 4 | 6 | 4 | 6 | 4 | 5 | 3 |
Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $453.00M | $287.00M | $417.00M | $525.00M | $817.00M | - | $1.30B | $649.00M | $184.00M | $16.00M | $97.00M | $-338.00M | $-317.00M | $-750.00M | $-46.00M | $-20.00M | $165.00M |
Avg Forecast | $492.77M | $468.15M | $441.34M | $433.65M | $416.88M | $414.45M | $389.65M | $396.29M | $417.44M | $424.13M | $393.00M | $1.41B | $359.46M | $406.66M | $257.43M | $1.28B | $475.46M | $172.69M | $736.41M | $1.16B | $389.40M | $136.52M | $12.44M | $66.26M | $-425.88M | $-317.00M | $-785.71M | $-39.43M | $-26.00M | $130.00M |
High Forecast | $531.18M | $504.65M | $475.74M | $467.45M | $449.38M | $446.76M | $420.02M | $427.18M | $449.98M | $490.23M | $423.64M | $1.69B | $388.45M | $475.39M | $277.50M | $1.53B | $512.52M | $207.23M | $736.41M | $1.39B | $467.28M | $163.82M | $14.93M | $79.52M | $-340.70M | $-253.60M | $-628.57M | $-31.54M | $-20.80M | $156.00M |
Low Forecast | $434.71M | $412.99M | $389.33M | $382.55M | $367.76M | $365.62M | $343.74M | $349.60M | $368.26M | $374.56M | $346.70M | $1.13B | $330.47M | $309.29M | $227.09M | $1.02B | $419.43M | $138.15M | $736.41M | $929.81M | $311.52M | $109.21M | $9.96M | $53.01M | $-511.06M | $-380.40M | $-942.86M | $-47.31M | $-31.20M | $104.00M |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.11% | 1.11% | 0.33% | 1.10% | 4.73% | - | 1.12% | 1.67% | 1.35% | 1.29% | 1.46% | 0.79% | 1.00% | 0.95% | 1.17% | 0.77% | 1.27% |
Marathon Oil SG&A Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 4 | 7 | 14 | 13 | 7 | 6 | 6 | 9 | 6 | 7 | 12 | 7 | 4 | 6 | 4 | 6 | 4 | 5 | 3 |
SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $72.00M | $71.00M | $82.00M | $88.00M | $79.00M | - | $69.00M | $64.00M | $70.00M | $68.00M | $89.00M | $57.00M | $53.00M | $88.00M | $76.00M | $93.00M | $82.00M |
Avg Forecast | $114.72M | $113.91M | $112.00M | $109.74M | $106.61M | $105.62M | $102.32M | $102.70M | $103.88M | $105.39M | $100.88M | $78.73M | $98.89M | $104.63M | $90.09M | $71.57M | $103.02M | $65.70M | $126.11M | $65.07M | $38.40M | $51.94M | $52.89M | $60.80M | $71.82M | $53.00M | $92.19M | $65.14M | $120.90M | $64.61M |
High Forecast | $121.60M | $120.74M | $118.71M | $116.32M | $113.00M | $111.96M | $108.46M | $108.86M | $110.11M | $110.68M | $106.93M | $94.47M | $100.68M | $108.41M | $95.49M | $85.89M | $109.20M | $78.84M | $126.11M | $78.08M | $46.08M | $62.32M | $63.47M | $72.96M | $86.18M | $63.60M | $110.63M | $78.17M | $145.08M | $77.53M |
Low Forecast | $104.32M | $103.58M | $101.85M | $99.79M | $96.94M | $96.05M | $93.05M | $93.39M | $94.46M | $100.68M | $91.74M | $62.98M | $95.32M | $97.53M | $81.92M | $57.26M | $93.68M | $52.56M | $126.11M | $52.05M | $30.72M | $41.55M | $42.31M | $48.64M | $57.46M | $42.40M | $73.75M | $52.11M | $96.72M | $51.68M |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.69% | 0.79% | 1.15% | 0.85% | 1.20% | - | 1.06% | 1.67% | 1.35% | 1.29% | 1.46% | 0.79% | 1.00% | 0.95% | 1.17% | 0.77% | 1.27% |
Marathon Oil EPS Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 4 | 7 | 14 | 13 | 7 | 6 | 6 | 9 | 6 | 7 | 12 | 7 | 4 | 6 | 4 | 6 | 4 | 5 | 3 |
EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.75 | $0.46 | $0.67 | $0.83 | $1.22 | - | $1.79 | $0.87 | $0.23 | $0.02 | $0.12 | $-0.43 | $-0.40 | $-0.95 | $-0.06 | $-0.03 | $0.21 |
Avg Forecast | $0.87 | $0.83 | $0.78 | $0.76 | $0.74 | $0.73 | $0.69 | $0.70 | $0.74 | $0.75 | $0.69 | $0.54 | $0.63 | $0.72 | $0.45 | $0.60 | $0.84 | $1.18 | $1.28 | $0.96 | $0.55 | $0.31 | $0.17 | $0.11 | $-0.20 | $-0.28 | $-0.64 | $-0.16 | $0.11 | $0.07 |
High Forecast | $0.94 | $0.89 | $0.84 | $0.82 | $0.79 | $0.79 | $0.74 | $0.75 | $0.79 | $0.86 | $0.75 | $0.59 | $0.69 | $0.84 | $0.49 | $0.65 | $0.90 | $1.27 | $1.28 | $1.03 | $0.60 | $0.33 | $0.19 | $0.12 | $-0.18 | $-0.25 | $-0.56 | $-0.14 | $0.12 | $0.07 |
Low Forecast | $0.77 | $0.73 | $0.69 | $0.67 | $0.65 | $0.64 | $0.61 | $0.62 | $0.65 | $0.66 | $0.61 | $0.48 | $0.58 | $0.55 | $0.40 | $0.53 | $0.74 | $1.04 | $1.28 | $0.85 | $0.49 | $0.27 | $0.15 | $0.10 | $-0.22 | $-0.30 | $-0.69 | $-0.17 | $0.09 | $0.06 |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.05% | 1.01% | 1.12% | 0.99% | 1.04% | - | 1.87% | 1.57% | 0.75% | 0.12% | 1.13% | 2.12% | 1.43% | 1.49% | 0.37% | -0.23% | 3.05% |
Marathon Oil Peer Comparison by Price Target
Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
---|---|---|---|---|---|
DVN | Devon Energy | $39.45 | $64.04 | 62.33% | Buy |
PR | Permian Resources | $13.49 | $18.25 | 35.29% | Buy |
CTRA | Coterra Energy | $22.78 | $29.53 | 29.63% | Buy |
OXY | Occidental Petroleum | $51.05 | $62.35 | 22.14% | Buy |
COP | ConocoPhillips | $103.50 | $123.86 | 19.67% | Buy |
MRO | Marathon Oil | $26.13 | $29.32 | 12.21% | Buy |
EOG | EOG Resources | $119.37 | $131.79 | 10.40% | Buy |
FANG | Diamondback Energy | $172.42 | $182.38 | 5.78% | Buy |
HES | Hess | $128.57 | $132.79 | 3.28% | Hold |
MRO Forecast FAQ
Is Marathon Oil a good buy?
Yes, according to 14 Wall Street analysts, Marathon Oil (MRO) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 9 'Buy' recommendations, accounting for 71.43% of MRO's total ratings.
What is MRO's price target?
Marathon Oil (MRO) average price target is $29.32 with a range of $14 to $48, implying a 12.21% from its last price of $26.13. The data is based on 14 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Marathon Oil stock go up soon?
According to Wall Street analysts' prediction for MRO stock, the company can go up by 12.21% (from the last price of $26.13 to the average price target of $29.32), up by 83.70% based on the highest stock price target, and down by -46.42% based on the lowest stock price target.
Can Marathon Oil stock reach $40?
MRO's highest twelve months analyst stock price target of $48 supports the claim that Marathon Oil can reach $40 in the near future.
What is Marathon Oil's current price target trend?
1 Wall Street analyst forecast a $37 price target for Marathon Oil (MRO) this month, up 41.60% from its last price of $26.13. Compared to the last 3 and 12 months, the average price target increased by 41.60% and increased by 31.57%, respectively.
What are Marathon Oil's analysts' financial forecasts?
Marathon Oil's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $7B (high $7.42B, low $6.37B), average EBITDA is $1.89B (high $2B, low $1.72B), average net income is $1.62B (high $1.74B, low $1.43B), average SG&A $417.25M (high $442.27M, low $379.43M), and average EPS is $2.85 (high $3.07, low $2.52). MRO's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $7.56B (high $8.01B, low $6.87B), average EBITDA is $2.04B (high $2.16B, low $1.85B), average net income is $1.84B (high $1.98B, low $1.62B), average SG&A $450.36M (high $477.37M, low $409.54M), and average EPS is $3.24 (high $3.49, low $2.86).
Did the MRO's actual financial results beat the analysts' financial forecasts?
Based on Marathon Oil's last annual report (Dec 2022), the company's revenue was $7.54B, which missed the average analysts forecast of $7.67B by -1.73%. Apple's EBITDA was $3.66B, beating the average prediction of $2.76B by 32.42%. The company's net income was $3.61B, beating the average estimation of $2.55B by 41.82%. Apple's SG&A was $308M, missing the average forecast of $359.89M by -14.42%. Lastly, the company's EPS was $5.27, beating the average prediction of $4.25 by 24.01%. In terms of the last quarterly report (Sep 2023), Marathon Oil's revenue was $1.81B, beating the average analysts' forecast of $1.76B by 3.26%. The company's EBITDA was $1.16B, beating the average prediction of $472.95M by 145.90%. Marathon Oil's net income was $453M, beating the average estimation of $406.66M by 11.40%. The company's SG&A was $72M, missing the average forecast of $104.63M by -31.18%. Lastly, the company's EPS was $0.75, beating the average prediction of $0.717 by 4.57%