Marathon Oil Corporation: The Winning Streak Continues (MRO)| MENAFN.COM

Wednesday, 05 October 2022 05:52 GMT

Marathon Oil Corporation: The Winning Streak Continues (MRO)

(MENAFN- Investor Brand Network)

Shares of Marathon Oil Corporation (NYSE:MRO) traded at a new 52-week high today of $19.27. This new high was reached on below average trading volume as 3.3 million shares traded hands, while the average 30-day volume is approximately 16.7 million shares.

In the past 52 weeks, Marathon Oil Corporation share prices are bracketed by a low of $7.20 and a high of $19.27 and is now at $19.24, 167% above that low price.

Marathon Oil Corporation (NYSE:MRO) has potential upside of 3,432.5% based on a current price of $19.24 and analysts' consensus price target of $679.66.

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.

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