Will The Rally Continue In Marathon Oil?

Will The Rally Continue In Marathon Oil?

Share to Linkedin The shares of Marathon Oil (NYSE: MRO) have gained 9. 8% in the past week despite a slight correction observed in Brent and WTI benchmarks. The company explores and produces crude oil, condensate, and natural gas in the U. S. and certain international locations. In 2020, the company's revenues observed a 40% (y-o-y) contraction resulting in a net loss of $1. 4 billion. However, the positive operating cash supported capital expenses and dividends. Saudi Arabia's additional production curtailment of 1 mb/d in February has been pushing benchmark prices higher but there is a strong likelihood that OPEC will guide for an increase in crude oil production at its upcoming meeting. Thus, Trefis believes that Marathon Oil stock is not a good pick to extend last week's gains. But how would these numbers change if you are interested in holding Marathon Oil Corporation stock for a shorter or a longer time period? You can test the answer and many other combinations on the Trefis Machine Learning Engine to test Marathon Oil stock chances of a rise after a fall. You can test the chance of recovery over different time intervals of a quarter, month, or even just one