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 $29.32 (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


The average price target for Marathon Oil (MRO) is $29.32 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 12.21% upside from MRO's last price of $26.13.

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
Sep 04, 2024Biju PerincherilSusquehanna$37.00$27.7133.53%41.60%
Aug 15, 2024Mark LearPiper Sandler$37.00$27.6533.82%41.60%
Jun 05, 2024Nitin KumarMizuho Securities$34.00$27.8921.91%30.12%
Jun 03, 2024Scott HanoldRBC Capital$33.00$28.9613.95%26.29%
May 13, 2024Nitin KumarMizuho Securities$33.00$26.5924.11%26.29%
Apr 17, 2024Roger ReadWells Fargo$39.00$28.3537.57%49.25%
Mar 21, 2024Nitin KumarMizuho Securities$31.00$27.2013.97%18.64%
Mar 14, 2024Bill SeleskyArgus Research$31.00$26.2618.05%18.64%
Jul 12, 2023Neil MehtaGoldman Sachs$25.00$24.711.15%-4.32%
Nov 28, 2022John FreemanRaymond James$48.00$29.9260.43%83.70%
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The latest Marathon Oil stock forecast, released on Sep 04, 2024 by Biju Perincheril from Susquehanna, set a price target of $37.00, which represents a 33.53% increase from the stock price at the time of the forecast ($27.71), and a 41.60% increase from MRO last price ($26.13).

Marathon Oil Price Target by Period


1M3M12M
# Anlaysts128
Avg Price Target$37.00$37.00$34.38
Last Closing Price$26.13$26.13$26.13
Upside/Downside41.60%41.60%31.57%

In the current month, the average price target of Marathon Oil stock is $37.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 41.60% increase as opposed to Marathon Oil's last price of $26.13. This month's average price target is down 0.00% compared to last quarter, and up 7.62% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
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
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Marathon Oil's last stock rating was published by Susquehanna on Sep 04, 2024. The company gave MRO a "Positive" 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 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 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
# Analysts545443435854714137669671274646453
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'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 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts545443435854714137669671274646453
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%

7 analysts predict MRO's average Quarter EBITDA for Dec 23 to be $447.02M, with a high of $455.09M and a low of $430.86M. This is -61.56% 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 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts545443435854714137669671274646453
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's average Quarter net income forecast for Dec 23 is $359.46M, with a range of $330.47M to $388.45M. MRO's average Quarter net income forecast represents a -20.65% 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 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts545443435854714137669671274646453
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'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 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts545443435854714137669671274646453
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%

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$39.45$64.0462.33%Buy
PRPermian Resources$13.49$18.2535.29%Buy
CTRACoterra Energy$22.78$29.5329.63%Buy
OXYOccidental Petroleum$51.05$62.3522.14%Buy
COPConocoPhillips$103.50$123.8619.67%Buy
MROMarathon Oil$26.13$29.3212.21%Buy
EOGEOG Resources$119.37$131.7910.40%Buy
FANGDiamondback Energy$172.42$182.385.78%Buy
HESHess$128.57$132.793.28%Hold

MRO Forecast FAQ


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.

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.

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.

MRO's highest twelve months analyst stock price target of $48 supports the claim that Marathon Oil can reach $40 in the near future.

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.

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).

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%