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Marathon Oil (MRO) Jumps: Stock Rises 8.8%

Zacks Equity Research

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

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

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