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Marathon Oil (MRO) Stock Forecast, Price Target & Predictions

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MRO Stock Forecast

Marathon Oil stock forecast is as follows: an average price target of $29.00 (represents a 1.58% upside from MRO’s last price of $28.55) and a rating consensus of 'Buy', based on 14 wall street analysts offering a 1-year stock forecast.

MRO Price Target

The average price target for Marathon Oil (MRO) is $29.00 based on 1-year price targets from 14 Wall Street analysts in the past 3 months, with a price target range of $48.00 to $14.00. This represents a potential 1.58% upside from MRO's last price of $28.55.

MRO Analyst Ratings

Buy

According to 14 Wall Street analysts, Marathon Oil's rating consensus is 'Buy'. The analyst rating breakdown for MRO stock is 1 'Strong Buy' (7.14%), 9 'Buy' (64.29%), 4 'Hold' (28.57%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Marathon Oil Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 15, 2024Scott HanoldRBC Capital$34.00$27.7422.57%19.09%
Sep 30, 2024Neal DingmannTruist Financial$27.00$26.481.96%-5.43%
Sep 04, 2024Biju PerincherilSusquehanna$37.00$27.7133.53%29.60%
Aug 15, 2024Mark LearPiper Sandler$37.00$27.6533.82%29.60%
Jun 05, 2024Nitin KumarMizuho Securities$34.00$27.8921.91%19.09%
Jun 03, 2024Scott HanoldRBC Capital$33.00$28.9613.95%15.59%
May 13, 2024Nitin KumarMizuho Securities$33.00$26.5924.11%15.59%
Apr 17, 2024Roger ReadWells Fargo$39.00$28.3537.57%36.60%
Mar 21, 2024Nitin KumarMizuho Securities$31.00$27.2013.97%8.58%
Mar 14, 2024Bill SeleskyArgus Research$31.00$26.2618.05%8.58%
Jul 12, 2023Neil MehtaGoldman Sachs$25.00$24.711.15%-12.43%
Nov 28, 2022John FreemanRaymond James$48.00$29.9260.43%68.13%
Nov 04, 2022William Janela AnalystCredit Suisse$32.00$32.34-1.04%12.08%
Aug 01, 2022Mark LearPiper Sandler$41.00$24.8065.32%43.61%
Jul 28, 2022Jeanine WaiBarclays$35.00$24.0245.71%22.59%
Jun 28, 2022Jeanine WaiBarclays$37.00$23.1260.03%29.60%
Jun 01, 2022Vincent LovaglioMizuho Securities$38.00$31.4320.90%33.10%
May 05, 2022William JanelaCredit Suisse$29.00$27.505.45%1.58%
Apr 25, 2022Raymond James$40.00$25.0060.00%40.11%
Apr 22, 2022Morgan Stanley$30.00$25.2918.65%5.08%
Apr 15, 2022Neal DingmannTruist Financial$34.00$26.6127.77%19.09%
Mar 28, 2022Jeanine WaiBarclays$29.00$25.2914.67%1.58%
Feb 22, 2022John FreemanRaymond James$31.00$21.6043.52%8.58%
Feb 19, 2022Doug LeggateBank of America Securities$25.00$21.8714.31%-12.43%
Feb 17, 2022William JanelaCredit Suisse$21.00$21.89-4.07%-26.44%
Feb 17, 2022Gabriele SorbaraSiebert Williams Shank & Co$28.00$21.8927.91%-1.93%
Jan 25, 2022Jeanine WaiBarclays$20.00$19.502.56%-29.95%
Jan 14, 2022Neal DingmannTruist Financial$26.00$19.4034.02%-8.93%
Jan 03, 2022Scott GruberCitigroup$20.00$16.8118.98%-29.95%
Nov 19, 2021Devin McDermottMorgan Stanley$20.00$15.2631.06%-29.95%
Nov 17, 2021Lloyd ByrneUBS$20.00$16.0424.69%-29.95%
Nov 04, 2021Stephen RichardsonEvercore ISI$20.00$16.4621.51%-29.95%
May 14, 2021Phillip JungwirthBMO Capital$14.00$11.6320.38%-50.96%
May 06, 2021Josh SilversteinWolfe Research$15.00$11.3332.39%-47.46%
Apr 20, 2021Neil MehtaGoldman Sachs$10.25$9.962.91%-64.10%

The latest Marathon Oil stock forecast, released on Oct 15, 2024 by Scott Hanold from RBC Capital, set a price target of $34.00, which represents a 22.57% increase from the stock price at the time of the forecast ($27.74), and a 19.09% increase from MRO last price ($28.55).

Marathon Oil Price Target by Period

1M3M12M
# Anlaysts-310
Avg Price Target-$32.67$33.60
Last Closing Price$28.55$28.55$28.55
Upside/Downside-100.00%14.43%17.69%

In the current month, the average price target of Marathon Oil stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Marathon Oil's last price of $28.55. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 16, 2024JefferiesUnderperformUnderperformHold
Oct 15, 2024RBC CapitalOutperformOutperformHold
Oct 10, 2024ScotiabankSector PerformSector PerformHold
Sep 04, 2024SusquehannaPositivePositiveHold
Aug 15, 2024Piper SandlerOverweightOverweightHold
Aug 14, 2024JefferiesUnderperformUnderperformHold
Aug 01, 2024BernsteinOutperformOutperformHold
Jul 22, 2024SusquehannaPositivePositiveHold
Jul 12, 2024RBC CapitalOutperformOutperformHold
Jul 12, 2024Wells FargoSector PerformSector PerformHold
Jul 12, 2024ScotiabankSector OutperformSector PerformDowngrade
Jun 14, 2024B. RileyUnderperformUnderperformHold
Jun 03, 2024RBC CapitalOutperformOutperformHold
May 31, 2024Wells FargoSector OutperformSector OutperformHold
May 31, 2024UBSUnderperformUnderperformHold
May 03, 2024UBSUnderperformUnderperformHold
Apr 19, 2024Piper SandlerOverweightOverweightHold
Apr 17, 2024Wells FargoOverweightOverweightHold
Apr 15, 2024Wells FargoSector OutperformSector OutperformHold
Mar 28, 2024UBSUnderperformUnderperformHold
Mar 28, 2024Morgan StanleyPositivePositiveHold
Mar 13, 2024BenchmarkBuyBuyHold
Mar 12, 2024Wells FargoBuyBuyHold
Jan 10, 2024RBC CapitalUnderperformUnderperformHold
Dec 18, 2023BenchmarkUnderperformUnderperformHold
Dec 11, 2023Morgan StanleyEqual-WeightDowngrade
Oct 16, 2023BenchmarkBuyBuyHold
Sep 14, 2023Raymond JamesStrong BuyStrong BuyHold
Jul 14, 2023BenchmarkBuyBuyHold
Jul 12, 2023UBSBuyInitialise
Apr 18, 2023Wells FargoOverweightOverweightHold
Mar 27, 2023Raymond JamesStrong BuyStrong BuyHold
Jan 13, 2023Piper SandlerOverweightOverweightHold
Dec 13, 2022RBC CapitalOutperformOutperformHold
Dec 13, 2022BarclaysOverweightOverweightHold
Nov 28, 2022Raymond JamesStrong BuyStrong BuyHold
Nov 04, 2022Credit SuisseNeutralNeutralHold
Sep 23, 2022WedbushOutperformUpgrade
Sep 21, 2022CitigroupNeutralNeutralHold
Aug 01, 2022Piper SandlerOverweightOverweightHold
Jul 28, 2022BarclaysOverweightOverweightHold
Jun 28, 2022BarclaysOverweightOverweightHold
Jun 01, 2022Mizuho SecuritiesBuyBuyHold
Apr 25, 2022SusquehannaPositiveUpgrade
Mar 28, 2022BarclaysOverweightOverweightHold
Feb 23, 2022Piper SandlerOverweightUpgrade
Feb 22, 2022Raymond JamesStrong BuyStrong BuyHold
Feb 18, 2022ScotiabankSector OutperformUpgrade
Jan 25, 2022BarclaysOverweightOverweightHold

Marathon Oil's last stock rating was published by Jefferies on Oct 16, 2024. The company gave MRO a "Underperform" rating, the same as its previous rate.

Marathon Oil Financial Forecast

Marathon Oil Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue-------------$1.81B$1.48B$1.57B$1.60B$2.01B$2.17B$1.76B$1.73B$1.44B$1.25B$1.18B$822.00M$761.00M$490.00M$1.02B$1.23B$1.25B
Avg Forecast$1.82B$1.81B$1.78B$1.74B$1.69B$1.67B$1.61B$1.60B$1.63B$1.70B$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$1.96B$1.95B$1.92B$1.88B$1.83B$1.80B$1.74B$1.73B$1.76B$1.74B$1.69B$1.56B$1.69B$1.82B$1.63B$1.75B$1.86B$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
Low Forecast$1.68B$1.67B$1.64B$1.61B$1.56B$1.54B$1.49B$1.46B$1.51B$1.66B$1.69B$1.56B$1.60B$1.64B$1.40B$1.50B$1.60B$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
# Analysts33454527843471413766867117131399988
Surprise %-------------1.03%0.98%0.97%0.93%0.99%1.02%0.98%1.11%1.09%1.11%1.09%0.97%1.01%0.96%0.99%0.98%0.99%

Marathon Oil's average Quarter revenue forecast for Dec 23 based on 7 analysts is $1.66B, with a low forecast of $1.60B, and a high forecast of $1.69B. MRO's average Quarter revenue forecast represents a -8.47% decrease compared to the company's last Quarter revenue of $1.81B (Sep 23).

Marathon Oil EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts33454527843471413766867117131399988
EBITDA-------------$1.16B$426.00M$588.00M$658.00M$832.00M$1.20B$968.00M$1.07B$653.00M$499.00M$590.00M$101.00M$182.00M$-237.00M$531.00M$535.00M$733.00M
Avg Forecast$1.09B$1.08B$1.06B$1.04B$1.01B$999.99M$965.60M$959.07M$978.35M$1.02B$1.01B$1.28B$993.33M$1.05B$904.89M$1.16B$791.34M$545.03M$570.07M$1.06B$422.14M$356.10M$304.99M$73.09M$228.84M$203.66M$137.80M$-42.00M$340.42M$340.15M
High Forecast$1.17B$1.17B$1.15B$1.12B$1.09B$1.08B$1.04B$1.04B$1.06B$1.04B$1.01B$1.54B$1.01B$1.09B$976.13M$1.40B$949.61M$545.03M$570.07M$1.27B$422.14M$356.10M$304.99M$87.71M$228.84M$203.66M$137.80M$-33.60M$340.42M$340.15M
Low Forecast$1.01B$998.83M$982.19M$962.54M$936.69M$924.19M$892.42M$876.70M$906.77M$993.31M$1.01B$1.02B$957.43M$979.69M$836.31M$931.81M$633.07M$545.03M$570.07M$847.10M$422.14M$356.10M$304.99M$58.48M$228.84M$203.66M$137.80M$-50.40M$340.42M$340.15M
Surprise %-------------1.11%0.47%0.50%0.83%1.53%2.11%0.91%2.54%1.83%1.64%8.07%0.44%0.89%-1.72%-12.64%1.57%2.15%

7 analysts predict MRO's average Quarter EBITDA for Dec 23 to be $993.33M, with a high of $1.01B and a low of $957.43M. This is -14.59% lower than Marathon Oil's previous annual EBITDA (Sep 23) of $1.16B.

Marathon Oil Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts33454527843471413766867117131399988
Net Income-------------$453.00M$287.00M$417.00M$525.00M$817.00M$966.00M$1.30B$649.00M$184.00M$16.00M$97.00M$-338.00M$-317.00M$-750.00M$-46.00M$-20.00M$165.00M
Avg Forecast$363.71M$341.35M$330.48M$327.45M$334.58M$320.65M$297.89M$304.86M$316.26M$355.94M$390.93M$1.41B$357.56M$404.51M$256.07M$1.28B$428.34M$666.68M$724.90M$1.16B$314.29M$175.68M$98.69M$66.26M$-114.61M$-158.85M$-361.56M$-39.43M$60.69M$38.34M
High Forecast$400.93M$376.28M$364.30M$360.96M$368.82M$353.46M$328.38M$421.27M$415.82M$392.37M$390.96M$1.69B$386.40M$472.87M$282.27M$1.53B$514.01M$693.85M$724.90M$1.39B$314.29M$175.68M$98.69M$79.52M$-114.61M$-158.85M$-361.56M$-31.54M$60.69M$38.34M
Low Forecast$327.87M$307.71M$297.92M$295.18M$301.62M$289.05M$268.54M$216.18M$263.55M$320.87M$390.89M$1.13B$328.72M$307.65M$230.83M$1.02B$342.67M$639.51M$724.90M$929.81M$314.29M$175.68M$98.69M$53.01M$-114.61M$-158.85M$-361.56M$-47.31M$60.69M$38.34M
Surprise %-------------1.12%1.12%0.33%1.23%1.23%1.33%1.12%2.06%1.05%0.16%1.46%2.95%2.00%2.07%1.17%-0.33%4.30%

Marathon Oil's average Quarter net income forecast for Dec 23 is $357.56M, with a range of $328.72M to $386.40M. MRO's average Quarter net income forecast represents a -21.07% decrease compared to the company's last Quarter net income of $453.00M (Sep 23).

Marathon Oil SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts33454527843471413766867117131399988
SG&A-------------$72.00M$71.00M$82.00M$88.00M$79.00M$68.00M$69.00M$64.00M$70.00M$68.00M$89.00M$57.00M$53.00M$88.00M$76.00M$93.00M$82.00M
Avg Forecast$108.35M$107.59M$105.80M$103.68M$100.90M$99.55M$96.13M$95.48M$97.40M$101.21M$100.88M$78.73M$98.89M$104.63M$90.09M$71.57M$42.24M$120.57M$126.11M$65.07M$93.39M$78.78M$67.47M$60.80M$50.62M$45.05M$30.48M$65.14M$75.31M$75.25M
High Forecast$116.88M$116.06M$114.13M$111.84M$108.84M$107.39M$103.70M$103.09M$105.12M$103.52M$100.88M$94.47M$100.68M$108.41M$97.18M$85.89M$50.69M$120.57M$126.11M$78.08M$93.39M$78.78M$67.47M$72.96M$50.62M$45.05M$30.48M$78.17M$75.31M$75.25M
Low Forecast$100.14M$99.44M$97.78M$95.82M$93.25M$92.01M$88.84M$87.28M$90.27M$98.89M$100.88M$62.98M$95.32M$97.53M$83.26M$57.26M$33.79M$120.57M$126.11M$52.05M$93.39M$78.78M$67.47M$48.64M$50.62M$45.05M$30.48M$52.11M$75.31M$75.25M
Surprise %-------------0.69%0.79%1.15%2.08%0.66%0.54%1.06%0.69%0.89%1.01%1.46%1.13%1.18%2.89%1.17%1.23%1.09%

Marathon Oil's average Quarter SG&A projection for Dec 23 is $98.89M, based on 7 Wall Street analysts, with a range of $95.32M to $100.68M. The forecast indicates a 37.35% rise compared to MRO last annual SG&A of $72.00M (Sep 23).

Marathon Oil EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts33454527843471413766867117131399988
EPS-------------$0.75$0.46$0.67$0.83$1.22$1.37$1.79$0.87$0.23$0.02$0.12$-0.43$-0.40$-0.95$-0.06$-0.03$0.21
Avg Forecast$0.64$0.61$0.59$0.58$0.59$0.57$0.53$0.54$0.56$0.63$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$0.71$0.67$0.65$0.64$0.65$0.63$0.58$0.75$0.74$0.70$0.69$0.55$0.69$0.84$0.50$0.66$0.92$1.22$1.28$0.96$0.55$0.31$0.17$0.11$-0.20$-0.28$-0.64$-0.16$0.11$0.07
Low Forecast$0.58$0.55$0.53$0.52$0.53$0.51$0.48$0.38$0.47$0.57$0.69$0.54$0.58$0.55$0.41$0.54$0.76$1.13$1.28$0.96$0.55$0.31$0.17$0.11$-0.20$-0.28$-0.64$-0.16$0.11$0.07
Surprise %-------------1.05%1.01%1.12%0.99%1.04%1.07%1.87%1.57%0.75%0.12%1.13%2.12%1.43%1.49%0.37%-0.23%3.05%

According to 7 Wall Street analysts, Marathon Oil's projected average Quarter EPS for Dec 23 is $0.63, with a low estimate of $0.58 and a high estimate of $0.69. This represents a -15.47% decrease compared to MRO previous annual EPS of $0.75 (Sep 23).

Marathon Oil Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
DVNDevon Energy$32.17$50.5056.98%Buy
OXYOccidental Petroleum$46.56$67.4344.82%Buy
COPConocoPhillips$98.26$142.0044.51%Buy
PRPermian Resources$13.97$20.0043.16%Buy
FANGDiamondback Energy$160.14$221.8238.52%Buy
CTRACoterra Energy$24.52$32.5032.54%Buy
HESHess$134.41$169.0025.73%Hold
EOGEOG Resources$123.15$147.0019.37%Buy

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 with a range of $14 to $48, implying a 1.58% from its last price of $28.55. 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 1.58% (from the last price of $28.55 to the average price target of $29), up by 68.13% based on the highest stock price target, and down by -50.96% 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 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 $6.58B (high $7.1B, low $6.06B), average EBITDA is $3.94B (high $4.25B, low $3.63B), average net income is $1.26B (high $1.47B, low $1.08B), average SG&A $392.06M (high $423.02M, low $361.38M), and average EPS is $2.23 (high $2.61, low $1.91). MRO's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $7.14B (high $7.7B, low $6.6B), average EBITDA is $4.27B (high $4.61B, low $3.95B), average net income is $1.36B (high $1.5B, low $1.23B), average SG&A $425.43M (high $458.92M, low $393.18M), and average EPS is $2.42 (high $2.66, low $2.18).

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 $2.97B by 23.29%. The company's net income was $3.61B, beating the average estimation of $2.98B by 21.12%. Apple's SG&A was $308M, missing the average forecast of $353.99M by -12.99%. 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 $1.05B by 10.66%. Marathon Oil's net income was $453M, beating the average estimation of $404.51M by 11.99%. 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%