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Marathon Oil Corporation
Company Overview: Marathon Oil Corporation (NYSE: MRO) is an independent exploration and production company. The Company is focused on the United States resource plays, which include Eagle Ford in Texas, Bakken in North Dakota, Sooner Trend Anadarko Basin Canadian and Kingfisher Counties (STACK) and South-Central Oklahoma Oil Province (SCOOP) in Oklahoma and Permian in New Mexico and Texas. The Company operates through two segments: United States and International.
As per our previous US Earning Hunter report published on ‘MRO’ on 12th January 2024, Kalkine provided an ‘Attractive’ stance on the stock at USD 23.26 based on “Earning Hunter ratings, and other fundamentals” and the stock price has now moved by ~14.01% since then and the price has achieved resistance 1 while close to resistance 2 levels.
Noted below are the details of support and resistance levels provided in our previous report:
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Kalkine Equities LLC provides general information about companies and their securities. The information contained in the reports, including any recommendations regarding the value of or transactions in any securities, does not take into account any of your investment objectives, financial situation or needs. Kalkine Equities LLC is not registered as an investment adviser in the U.S. with either the federal or state government. Before you make a decision about whether to invest in any securities, you should take into account your own objectives, financial situation and needs and seek independent financial advice. All information in our reports represents our views as at the date of publication and may change without notice.
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