Marathon Oil (MRO) Stock Forecast, Price Target & Predictions
MRO Stock Forecast
Marathon Oil stock forecast is as follows: an average price target of $29.00 (represents a 0.87% upside from MRO’s last price of $28.75) 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 0.87% upside from MRO's last price of $28.75.
MRO Analyst Ratings
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
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 15, 2024 | Scott Hanold | RBC Capital | $34.00 | $27.74 | 22.57% | 18.26% |
| Sep 30, 2024 | Neal Dingmann | Truist Financial | $27.00 | $26.48 | 1.96% | -6.09% |
| Sep 04, 2024 | Biju Perincheril | Susquehanna | $37.00 | $27.71 | 33.53% | 28.70% |
| Aug 15, 2024 | Mark Lear | Piper Sandler | $37.00 | $27.65 | 33.82% | 28.70% |
| Jun 05, 2024 | Nitin Kumar | Mizuho Securities | $34.00 | $27.89 | 21.91% | 18.26% |
| Jun 03, 2024 | Scott Hanold | RBC Capital | $33.00 | $28.96 | 13.95% | 14.78% |
| May 13, 2024 | Nitin Kumar | Mizuho Securities | $33.00 | $26.59 | 24.11% | 14.78% |
| Apr 17, 2024 | Roger Read | Wells Fargo | $39.00 | $28.35 | 37.57% | 35.65% |
| Mar 21, 2024 | Nitin Kumar | Mizuho Securities | $31.00 | $27.20 | 13.97% | 7.83% |
| Mar 14, 2024 | Bill Selesky | Argus Research | $31.00 | $26.26 | 18.05% | 7.83% |
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 18.26% increase from MRO last price ($28.75).
Marathon Oil Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 3 | 10 |
| Avg Price Target | - | $32.67 | $33.60 |
| Last Closing Price | $28.75 | $28.75 | $28.75 |
| Upside/Downside | -100.00% | 13.63% | 16.87% |
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 $28.75. 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
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 16, 2024 | Jefferies | Underperform | Underperform | Hold |
| Oct 15, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Oct 10, 2024 | Scotiabank | Sector Perform | Sector Perform | Hold |
| 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 |
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 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 | Jun 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 | $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 |
| # Analysts | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 8 | 4 | 3 | 4 | 7 | 14 | 13 | 7 | 6 | 6 | 8 | 6 | 7 | 11 | 7 | 13 | 13 | 9 | 9 | 9 | 8 | 8 |
| 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 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 8 | 4 | 3 | 4 | 7 | 14 | 13 | 7 | 6 | 6 | 8 | 6 | 7 | 11 | 7 | 13 | 13 | 9 | 9 | 9 | 8 | 8 |
| 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 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 8 | 4 | 3 | 4 | 7 | 14 | 13 | 7 | 6 | 6 | 8 | 6 | 7 | 11 | 7 | 13 | 13 | 9 | 9 | 9 | 8 | 8 |
| 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 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 8 | 4 | 3 | 4 | 7 | 14 | 13 | 7 | 6 | 6 | 8 | 6 | 7 | 11 | 7 | 13 | 13 | 9 | 9 | 9 | 8 | 8 |
| 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 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 8 | 4 | 3 | 4 | 7 | 14 | 13 | 7 | 6 | 6 | 8 | 6 | 7 | 11 | 7 | 13 | 13 | 9 | 9 | 9 | 8 | 8 |
| 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
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| DVN | Devon Energy | $37.91 | $58.88 | 55.32% | Buy |
| OXY | Occidental Petroleum | $50.50 | $60.85 | 20.50% | Buy |
| PR | Permian Resources | $15.13 | $17.92 | 18.44% | Buy |
| CTRA | Coterra Energy | $26.29 | $29.63 | 12.70% | Buy |
| COP | ConocoPhillips | $113.09 | $122.71 | 8.51% | Buy |
| FANG | Diamondback Energy | $180.12 | $191.60 | 6.37% | Buy |
| MRO | Marathon Oil | $28.75 | $29.00 | 0.87% | Buy |
| EOG | EOG Resources | $135.18 | $132.29 | -2.14% | Buy |
| HES | Hess | $146.23 | $142.81 | -2.34% | Hold |