Future seems bright for Marathon Oil (MRO)
What’s up with Marathon Oil?
Marathon Oil (MRO) opened at $6.31, which means the stock is up 4.44% from yesterday’s closing price of 5.86. Today, the company has a high of $6.34 and a low of $5.75. The company has a market cap of $4.84 billion with a 52-week high of $17.15 and a 52-week low of $3.02.
What about the future forMarathon Oil
The high forecast for Marathon Oil is 11.00 while the low is 3.00. Stock forecasts are based on human experience: Human traders based on their experience in terms of stock price patterns, volume changes, and market news/rumors regarding a particular stock. Marathon Oil has a strong forecast. A strong forecast is a result of strong earning reports as investors are willing to pay a higher share price today because of growth expectations in the future.. Based on this information MRO seems to be a safe buy.
About Marathon Oil
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.