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Should You Buy Marathon Oil Corporation (MRO) Stock on Wednesday?

Wednesday, January 05, 2022 10:56 AM | InvestorsObserver Analysts

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Should You Buy Marathon Oil Corporation (MRO) Stock on Wednesday?

Marathon Oil Corporation (MRO) stock has gained 8.27% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bullish
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. 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 up 1.87% while the S&P 500 is down -0.11% as of 10:46 AM on Wednesday, Jan 5. MRO has gained $0.33 from the previous closing price of $17.61 on volume of 4,184,462 shares. Over the past year the S&P 500 has gained 29.39% while MRO has gained 162.66%. MRO lost -$0.05 per share in the over the last 12 months. To screen for more stocks like 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 2020, the company reported net proved reserves of 972 million barrels of oil equivalent. Net production averaged 383 thousand barrels of oil equivalent per day in 2020 at a ratio of 67% oil and NGLs and 33% natural gas. Click Here to get the full Stock Report for Marathon Oil Corporation stock.

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