Shares of Marathon Oil Corporation (NYSE:MRO) traded at a new 12-month high today of $19.13. Approximately 5.5 million shares have changed hands today, as compared to an average 30-day volume of 16.8 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 12 months, shares of Marathon Oil Corporation have traded between a low of $7.20 and a high of $19.13 and are now at $18.68, which is 159% above that low price.
Marathon Oil Corporation has overhead space with shares priced $18.68, or 97.3% below the average consensus analyst price target of $684.79.
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