Watch for Continued Gains in Shares of Marathon Oil Corporat...| MENAFN.COM

Saturday, 02 July 2022 01:57 GMT

Watch for Continued Gains in Shares of Marathon Oil Corporation (MRO)

(MENAFN- Investor Brand Network)

Shares of Marathon Oil Corporation (NYSE:MRO) traded today at $18.04, eclipsing its 52-week high. So far today approximately 989,000 shares have been exchanged, as compared to an average 30-day volume of 16.7 million shares.

Marathon is an independent exploration and production company primarily focusing on unconventional resources in the United States. At the end of 2020, the company reported net proved reserves of 972 million barrels of oil equivalent. Net production averaged 383 thousand barrels of oil equivalent per day in 2020 at a ratio of 67% oil and NGLs and 33% natural gas.

In the past 52 weeks, Marathon Oil Corporation share prices are bracketed by a low of $6.59 and a high of $18.04 and is now at $17.92, 172% above that low price.

Potential upside of 3,496.7% exists for Marathon Oil Corporation, based on a current level of $17.92 and analysts' average consensus price target of $644.53.

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