Marathon Oil (MRO) jumps over 24%
What’s up with Marathon Oil Corporation?
Marathon Oil Corporation (MRO) opened at $5.19, which means the stock is up 24% from yesterday’s closing price of 4.99. Today, the company has a high of $5.88 and a low of $5.18. The stock holds a market cap of $4.62 billion which is impressive since the P/E ratio is 9.87. The company has a 52-week high of $17.38 and a 52-week low of $3.02.
What is P/E ratio?
The price-earnings ratio, also known as P/E ratio, P/E, or PER, is the ratio of a company’s share price to the company’s earnings per share. The ratio is used for valuing companies and to find out whether they are overvalued or undervalued. Marathon Oil Corporation has a strong.A higher P/E ratio shows that investors are willing to pay a higher share price today because of growth expectations in the future.
About Marathon Oil Corporation
Marathon Oil Corp. engages in the exploration, production, and marketing of liquid hydrocarbons and natural gas. It operates through the following two segments: United States (U. S.) and International. The U. S. segment engages in oil and gas exploration, development and production activities in the U.S. The International segment engages in oil and gas development and production across international locations primarily in Equatorial Guinea and the United Kingdom. The company was founded in 1887 and is headquartered in Houston, TX.