UPDATE 3-U.S. shale companies hedges were inadequate for oil price crash [Reuters (UK)]
Marathon Oil Corporation (MRO)
Last marathon oil corporation earnings: 2/12 04:30 pm
Check Earnings Report
US:NYSE Investor Relations:
marathonoil.com/investors
Company Research
Source: Reuters
U.S. shale companies hedges were inadequate for oil price crash - Reuters 6 Min Read NEW YORK/DENVER (Reuters) - Oil prices have plunged so much that even U.S. shale producers who have paid for the industry’s version of income insurance must deal with big holes in their budgets. Crude oil prices have crashed about 50% this year, hit by the coronavirus outbreak and the surprise price war that erupted last weekend between Saudi Arabia and Russia. The U.S. crude benchmark CLc1 on Friday posted its worst week since the 2008 global financial crisis and closed at $31.73 a barrel, far below the $50-per-barrel price where many companies hedged. [O/R] With prices at three-year lows, shale producers also are exposed because they used options in such a way that their insurance erodes the more oil declines. “U.S. production is likely less well hedged than the market realizes,” said Michael Tran, managing director of energy strategy at RBC Capital Markets in New York. (Graphic link: tmsnrt.rs/2Qbx
Show less
Read more
Impact Snapshot
Event Time:
MRO
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MRO alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MRO alerts
High impacting Marathon Oil Corporation news events
Weekly update
A roundup of the hottest topics
MRO
News
- Marathon Oil Co. (NYSE: MRO) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Texas Pacific Land Stock Rallies on News of S&P 500 Inclusion [Yahoo! Finance]Yahoo! Finance
- ConocoPhillips completes acquisition of Marathon Oil Corporation [Yahoo! Finance]Yahoo! Finance
- Marathon Oil Co. (NYSE: MRO) had its price target lowered by analysts at Piper Sandler from $37.00 to $34.00. They now have an "overweight" rating on the stock.MarketBeat
- Marathon Q3 Earnings Beat Estimates Even as Oil Prices Drop [Yahoo! Finance]Yahoo! Finance
MRO
Earnings
- 11/6/24 - Beat
MRO
Sec Filings
- 11/22/24 - Form S-8
- 11/22/24 - Form S-8
- 11/22/24 - Form S-8
- MRO's page on the SEC website