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Latest MRO News From Around the Web
Below are the latest news stories about Marathon Oil Corp that investors may wish to consider to help them evaluate MRO as an investment opportunity.
Marathon Oil (NYSE:MRO) is one of the many oil and gas producers pushed to the limit due to the novel coronavirus. MRO stock has shed 56% of its value since December 2019, whereas the SPDR Energy Select Sector exchange-traded fund dropped 35% in the same period.Source: IgorGolovniov / Shutterstock.com Morgan Stanley (NYSE: MS) recently turned bearish on MRO stock due to its challenging outlook and substantial debt levels. CEO Lee Tillman believes the company is undergoing unprecedented challenges.Still, I believe it has enough in the tank to emerge from this crisis as a stronger company with a leaner cost structure and sufficient financial flexibility. However, given the uncertainty in the market and the company's weakening liquidity position, it will be tough for MRO to bounce back in ...
A couple of high-profile financial firms are firmly bearish on Marathon Oil, but there are two sides to the story for MRO stock.
Investors are chasing MRO stock up in May on an assumption the oil patch will permanently rebound. That's a foolish and costly mistake.
Domestic drillers may continue to lower rigs in oil patches since global energy demand has declined drastically owing to the coronavirus pandemic.
Marathon Oil (NYSE: MRO) is one of the many oil and gas producers feeling the impact of lower crude prices. CEO Lee Tillman stated that while "we are truly in uncharted waters," Marathon is "determined and confident that we will emerge from this correction, a healthier company with an improved cost structure and ample financial flexibility." While that lower spending level, and the associated reduction in its drilling activities, will cause its production to slide over the near term, Marathon expects volumes to begin improving by the fourth quarter.
It's time to buy back into oil companies, like Marathon Oil (NYSE:MRO) stock.Source: IgorGolovniov / Shutterstock.com Just weeks plunging well under zero on supply-demand issues, oil is making a sizable comeback. In fact, Brent crude is back above $35.Along with it, oil stocks are just beginning to explode higher. Chevron (NYSE:CVX) just ran from a low of $50 to $92. Exxon Mobil (NYSE:XOM) jumped from $30 to $44. Marathon has run from $3 to $6.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Excellent Penny Stocks Ready to RoarFrom here, we could see higher highs in stocks like Marathon Oil with help from OPEC and a reopening economy. In fact, I believe the MRO stock could easily double from current prices. The Worst May Be Priced Into MRO StockAs with most oil compan...
Shares of Marathon Oil Corp. dropped Tuesday, to pull back from the previous session’s 10-week closing high, after Morgan Stanley turned bearish on the oil…
Oil drillers in the Permian basin continue to remove rigs since the coronavirus pandemic dented global energy demand.
Moody's Investors Service (Moody's) changed the rating outlook of Marathon Oil Corporation (Marathon Oil) to negative from stable. "Marathon Oil's credit metrics will weaken considerably due to low oil prices in 2020," commented Amol Joshi, Moody's Vice President -- Senior Credit Officer.
Q1 2020 Marathon Oil Corp Earnings Call