Overall market sentiment has been high on Marathon Oil Corporation (MRO) stock lately. MRO receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Marathon Oil Corporation has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on MRO!
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With MRO Stock Today?
Marathon Oil Corporation (MRO) stock is up 2.45% while the S&P 500 has fallen -0.15% as of 2:44 PM on Wednesday, Oct 5. MRO is up $0.65 from the previous closing price of $26.49 on volume of 11,627,854 shares. Over the past year the S&P 500 is lower by -11.98% while MRO is up 83.01%. MRO earned $4.22 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 6.44.
To see InvestorsObserver's Sentiment Score for Marathon Oil Corporation 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 2021, the company reported net proved reserves of 1.1 billion barrels of oil equivalent. Net production averaged 347 thousand barrels of oil equivalent per day in 2021 at a ratio of 70% oil and NGLs and 31% natural gas.
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