United

Million

Resistance

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Marathon Oil Corp (MRO) stock lost over 3% of its trading value on a weekly basis.&nbsp;</a> </li> 
 <li> <span>2</span> <a>At press time, MRO stock trading price is 2% smaller than its annual price target.&nbsp;</a> </li> 
 <li> <span>3</span> <a>In Q2 2023, the reported EPS of the Marathon was 5.72% greater than estimated EPS.&nbsp;</a> </li> 
</ul> 
<p>MRO stock lost 1.20% of its trading price in the September 26th trading session. However, the trading price has remained the same for the past few months and lost over 3.00% of its trading value in the weekly time frame.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-marathon-oil-corp-mro-stock-price-analysis-strong"><strong>Marathon Oil Corp (MRO) Stock Price Analysis&nbsp;</strong></h2> 
<p>At the time of writing, Marathon Oil Corp stock was trading at $26.29, with a surge of 14.80% in the past six months. In the 52-week time frame, MRO stock price peaked at $33.42, and its lowest traded at $20.57.&nbsp;</p> 
<p>Marathon Oil Corp. has a market capitalization of $15.924 Billion. Companiesmarketcap(dot)com data states that a decline of 7.37% is observed in the market cap of Marathon Oil Corp. in 2023, compared to that in 2022.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
  <img decoding="async" loading="lazy" width="986" height="581" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-928.png" alt="Marathon Oil Corp: MRO Stock Shed 3%; Can Retest $24 Support?&nbsp;" class="wp-image-171836" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-928.png 986w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-928-300x177.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-928-768x453.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-928-750x442.png 750w" sizes="(max-width: 986px) 100vw, 986px">
  <figcaption class="wp-element-caption">
   Source: Marathon Oil Corp (MRO) stock price chart from <a href="https://www.tradingview.com/x/QUKpp7iK/">TradingView&nbsp;</a>
  </figcaption>
 </figure>
</div> 
<p>MRO stock has an annual price target of $33.11, which is 25.95% higher than its current trading price. Despite the weekly decline, the MACD line and signal line are moving in the region above the zero line.&nbsp;</p> 
<p>The histogram reflects most buyers’ accumulation below the zero line. RSI line and RSI-based MA line reflect neutrality. TradingView data states that 603.057 Million MRO shares are free-floating, and the remaining 2.63 Million shares are closely held.&nbsp;</p> 
<p>Marathon Oil Corp. engages in the exploration, production, and marketing of liquid hydrocarbons and natural gas. It operates through 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.&nbsp;&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-marathon-oil-corp-mro-financial-updates-strong"><strong>Marathon Oil Corp (MRO) Financial Updates&nbsp;</strong></h3> 
<p><a href="https://www.thecoinrepublic.com/2023/09/26/amd-stock-to-reach-100-an-ideal-pick-to-add-in-the-portfolio/" target="_blank" rel="noreferrer noopener">Marathon Oil Corp</a> (MRO) succeeded in impressing its investors by reporting exact revenue as estimated by the analysts. The reported EPS of the company was 5.72% which is greater than the estimated EPS.&nbsp;</p> 
<p>For the third quarter of 2023, the company estimates to report $1.68 Billion in revenue and $0.62 in EPS. It is important to note that in 2022, the company’s reported revenue was slightly less than the estimated figures.&nbsp;</p> 
<p>From the reported revenue of 2022, the company’s gross profit was 56%, Earnings before interest, taxes, depreciation, and amortization (EBITDA) was 71%, Earnings before interest and taxes (EBIT) was 46%, and net income was 48%.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support Level: $25.68 &amp; $24.92&nbsp;</p> 
<p>Resistance Level: $26.89 &amp; $27.60</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong>:&nbsp;</h4> 
<p>While writing, Marathon Oil Corp (MRO) stock was trading above $26 with a seller-dominated price action. The MACD line and Signal line are above the zero line, but the histogram reflects a red bar or bears accumulation below the zero line. However, market analysts believe that a positive momentum is expected if MRO stock opens above its previous closing on Sept 17, 2023.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author or anyone named in this article are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

Marathon Oil Corp: MRO Stock Shed 3%; Can Retest $24 Support?

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