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MRO

Marathon Oil Entry//Targeting Metrics// Bullish Elliot Wave will end at ~$20 on 01DEC2022 Marathon Oil has taken steps to improve earnings by cutting cost for the year 2021, that which is reflected after analyzing and comparing this company’s financials quarter-to-quarter. MRO currently benchmarks in the 91st percentile in the crude petroleum and natural gas sector. MRO’s share price has been moving downward since 01JUL2021 in tandem with a falling price-to-book ratio from 1.047 to 0.856 in confluence with a PEG ratio of .30, indicating that Marathon Oil is undervalued and can be expected to increase earnings. The beta value is currently at 3.23, indicating MRO’s movement is three times faster than the current market. Although share price has been moving downwards, the RSI (at seven-day intervals) hasn’t dropped below fifty percent on the weekly and monthly intervals while also bullish divergence can be seen on the weekly time frame, thus indicating continued bullish fervor. ATR is also divergent on the 4H interval from this stock’s downward trend since 28MAY2021, indicating a sentiment for a major bullish capitulation. Share price has been consolidating below the 200 EMA on the 1D interval since 20JUL2021. Bullish capitulation will hinge on a positive earnings report on 03AUG2021 with continued bidding.
MLong
by OrangeTrader93
1
Trucking Along The SPY - 06/12/20 RECAPHi traders, After an indecisive start of Friday's trading and one false breakout later, I managed to both enter and exit pretty nicely in MGM, making it probably the nices trade of the month. Ending up slightly down for the week though. Trades: 1) MRO - LONG @6.81, -0.70% 2) MGM - SHORT @19.09, +2% *In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.* Total PnL for the day: +1.30% Total PnL for the week: -2.04% Good trades, Tom | FINEIGHT
NYSE:MGM
by Fineight
$MRO Trading At Trendline Support$MRO is an oil name that looks interesting with crude at $20 a barrel. $MRO is pretty strong financially and trades at just 0.21x book, 3.28x cash, and 1.13x FCF. There's also been a lot of insider buying recently. Insider Trading Relationship Date Transaction Cost #Shares Value ($) #Shares Total SEC Form 4 TILLMAN LEE M Chairman, President and CEO Mar 24 Buy 3.62 28,600 103,406 1,137,230 Mar 25 04:50 PM TILLMAN LEE M Chairman, President and CEO Mar 23 Buy 3.38 28,000 94,581 1,108,630 Mar 25 04:50 PM TILLMAN LEE M Chairman, President and CEO Mar 16 Buy 4.00 27,500 110,000 1,080,630 Mar 17 04:34 PM TILLMAN LEE M Chairman, President and CEO Mar 13 Buy 4.21 22,500 94,660 1,053,130 Mar 16 04:32 PM TILLMAN LEE M Chairman, President and CEO Mar 12 Buy 3.84 25,000 95,998 1,030,630 Mar 16 04:32 PM Marathon Oil Corporation operates as an independent exploration and production company in the United States and Equatorial Guinea. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol, as well as owns and operates 32 central gathering and treating facilities and the Sugarloaf gathering system, a 42-mile natural gas pipeline through Karnes and Atascosa Counties. As of December 31, 2019, it had estimated proved developed reserves totaling 721 million barrels of oil equivalent (mmboe); and estimated proved undeveloped reserves totaling 484 mmboe. The company was formerly known as USX Corporation and changed its name to Marathon Oil Corporation in July 2001. Marathon Oil Corporation was founded in 1887 and is headquartered in Houston, Texas. As always, trade with caution and good luck to all!
MLong
by InsiderFinancial