Advertisement
Singapore markets closed

  • Straits Times Index

    3,176.51
    -11.15 (-0.35%)
     

  • Nikkei

    37,068.35
    -1,011.35 (-2.66%)
     

  • Hang Seng

    16,224.14
    -161.73 (-0.99%)
     

  • FTSE 100

    7,835.10
    -41.95 (-0.53%)
     

  • Bitcoin USD

    65,456.95
    +3,054.80 (+4.90%)
     

  • CMC Crypto 200

    1,336.43
    +23.81 (+1.85%)
     

  • S&P 500

    5,011.12
    -11.09 (-0.22%)
     

  • Dow

    37,775.38
    +22.07 (+0.06%)
     

  • Nasdaq

    15,601.50
    -81.87 (-0.52%)
     

  • Gold

    2,392.90
    -5.10 (-0.21%)
     

  • Crude Oil

    82.15
    -0.58 (-0.70%)
     

  • 10-Yr Bond

    4.6470
    0.0000 (0.00%)
     

  • FTSE Bursa Malaysia

    1,547.57
    +2.81 (+0.18%)
     

  • Jakarta Composite Index

    7,087.32
    -79.50 (-1.11%)
     

  • PSE Index

    6,443.00
    -80.19 (-1.23%)
     

Is Marathon Oil (MRO) Outperforming Other Oils-Energy Stocks This Year?

Zacks Equity Research
·2-min read

Investors focused on the Oils-Energy space have likely heard of Marathon Oil (MRO), but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Oils-Energy peers, we might be able to answer that question.

Marathon Oil is a member of our Oils-Energy group, which includes 248 different companies and currently sits at #13 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. MRO is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for MRO's full-year earnings has moved 145.16% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

ADVERTISEMENT

According to our latest data, MRO has moved about 107.50% on a year-to-date basis. In comparison, Oils-Energy companies have returned an average of 31.64%. This means that Marathon Oil is performing better than its sector in terms of year-to-date returns.

Breaking things down more, MRO is a member of the Oil and Gas - Integrated - United States industry, which includes 11 individual companies and currently sits at #202 in the Zacks Industry Rank. On average, stocks in this group have gained 70.12% this year, meaning that MRO is performing better in terms of year-to-date returns.

Investors with an interest in Oils-Energy stocks should continue to track MRO. The stock will be looking to continue its solid performance.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Marathon Oil Corporation (MRO) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.