The market has been neutral on Marathon Oil Corporation (MRO) stock recently. MRO gets a Neutral score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With MRO Stock Today?
Marathon Oil Corporation (MRO) stock is trading at $5.86 as of 3:44 PM on Wednesday, Jun 24, a loss of -$0.46, or -7.35% from the previous closing price of $6.33. The stock has traded between $5.73 and $6.20 so far today. Volume today is less active than usual. So far 25,599,273 shares have traded compared to average volume of 41,539,232 shares.
To see the top 5 stocks in the Oil & Gas E&P industry click here.
More About Marathon Oil Corporation
Marathon is an independent exploration and production company primarily focusing on unconventional resources in the United States. At the end of 2019, the company reported net proved reserves of 1.2 billion barrels of oil equivalent. Net production averaged 415 thousand barrels of oil equivalent per day in 2019 at a ratio of 68% oil and NGLs and 32% natural gas.
