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Marathon Oil (MRO) Jumps: Stock Rises 8.8%

Marathon Oil Corporation MRO was a big mover last session, as the company saw its shares rise nearly 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $15.13 to $16.15 in the past one-month time frame.

The move came after the company reported better-than-expected fourth-quarter 2018 results.

The company has seen two negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Marathon Oil currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Marathon Oil Corporation Price

Marathon Oil Corporation Price | Marathon Oil Corporation Quote

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A better-ranked stock in the Oils - Energy sector is Golar LNG Partners LP GMLP, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is MRO going up? Or down? Predict to see what others think: Up or Down

Zacks' Top 10 Stocks for 2019

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From more than 4,000 companies covered by the Zacks Rank, these 10 were picked by a process that consistently beats the market. Even during 2018 while the market dropped -5.2%, our Top 10s were up well into double-digits. And during bullish 2012 – 2017, they soared far above the market's +126.3%, reaching +181.9%.

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See Stocks Today >>



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Golar LNG Partners LP (GMLP) : Free Stock Analysis Report
 
Marathon Oil Corporation (MRO) : Free Stock Analysis Report
 
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