MRO overall performance

Marathon Oil's (MRO) overall performance presents a mixed picture, with some areas of strength offset by notable challenges: 1. **Financial Performance**: MRO reported a net income of $297 million and a diluted EPS of $0.52 for the quarter ending March 31, 2024. The company's gross profit margin stood at 85.64%, indicating a strong operational efficiency. However, the net income year-on-year growth rate was -28.78%, and the total revenue year-on-year growth rate was -7.68%, suggesting a recent decline in profitability and revenue growth. |Ticker|Name|Total Revenue|ROE(Average)|Net Income|Gross Profit Margin|Dividend Yield (TTM)|Diluted EPS|Date|code|market_code| |---|---|---|---|---|---|---|---|---|---|---| |MRO.N|Marathon Oil|1.551E9|2.6578|2.97E8|85.6407||0.52|20240331|MRO|169| |MRO.N|Marathon Oil|||||||20240808|MRO|169| |Ticker|Name|Price to Book Ratio|PEG|P/S|Date|code|market_code| |---|---|---|---|---|---|---|---| |MRO.N|Marathon Oil|||2.4187119674468773|20240807|MRO|169| |MRO.N|Marathon Oil|1.3688|-0.169694||20240808|MRO|169| 2. **Valuation Metrics**: The P/E (TTM) ratio for MRO is 10.48, which is relatively high compared to the industry average, indicating that investors may be expecting higher growth rates. The P/B ratio is 1.37, and the P/S ratio is 2.42, suggesting that the stock is trading at a premium relative to its book value and sales. 3. **Technical Indicators**: The Relative Strength Index (RSI) for MRO is 37.76, which is considered neutral and does not indicate an overbought or oversold condition. The Moving Average Convergence Divergence (MACD) is -0.26, and the KDJ indicator is 43.04, suggesting a bearish momentum but with a potential for a reversal if other conditions align. |Ticker|Name|RSI|MACD|KDJ|Boll|Date|code|market_code| |---|---|---|---|---|---|---|---|---| |MRO.N|Marathon Oil|37.7590||43.0393|27.9325|20240807|MRO|169| |MRO.N|Marathon Oil||-0.2576|||20240808|MRO|169| 4. **Dividend Yield**: The dividend yield (TTM) is 1.65%, which is reasonable for an oil and gas company, providing a return to shareholders in addition to capital appreciation. 5. **Free Cash Flow**: MRO generated $970 million in free cash flow during the quarter, and the debt-to-equity ratio is 0.49, indicating a healthy balance sheet with a moderate level of debt. 6. **Market Sentiment**: The consensus rating for MRO is "Neutral" with an average price target of $32.83, suggesting that analysts do not see significant upside or downside potential in the near term. The stock has a moderate buy rating with an average price target of $33.36, indicating a potential for price appreciation. 7. **Recent Performance**: Marathon Oil's stock price closed at $27.27 on August 8, 2024, with a resistance level at $27.15 and a support level at $26.35. The stock has experienced a recent decline, but it is trading above its 50-day and 200-day moving averages, which could be seen as a bullish sign. In summary, Marathon Oil's financial performance shows strong profitability and operational efficiency, but it faces challenges in revenue growth and high valuation metrics. The mixed technical indicators and neutral analyst sentiment reflect a cautious outlook for the stock's future performance.