Each year, we reevaluate well productivity for our entire US shale coverage. For each covered company, we scrutinize third-party data on both a basin and region basis. As in prior years, our process prompted mostly modest valuation changes but left our moat, capital allocation, and uncertainty ratings unchanged.
Marathon's acreage in the Bakken and Eagle Ford plays overlaps the juiciest "sweet spots" and enables the firm to deliver initial production rates far above the respective averages.
Not all of Marathon's acreage is ideally located and well productivity could decline when the firm runs out of drilling opportunities in sweet spots.
|
Metric
|
MRO
|
PXD
|
OXY
|
|---|---|---|---|
Price/Earnings (Normalized) | 9.88 | 12.72 | 18.14 |
Price/Book Value | 1.42 | 2.76 | 2.68 |
Price/Sales | 2.62 | 3.42 | 2.28 |
Price/Cash Flow | 4.02 | 7.68 | 5.53 |
|
Metric
|
MRO
|
PXD
|
OXY
|
|---|---|---|---|
Quick Ratio | 0.33 | 0.66 | 0.51 |
Current Ratio | 0.40 | 0.88 | 0.92 |
Interest Coverage | 6.55 | 44.95 | 7.66 |
|
Metric
|
MRO
|
PXD
|
OXY
|
|---|---|---|---|
Return on Assets (Normalized) | 7.99% | 13.94% | 4.95% |
Return on Equity (Normalized) | 14.05% | 22.40% | 17.14% |
Return on Invested Capital (Normalized) | 10.90% | 18.32% | 8.25% |
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
COP
| ConocoPhillips | Nknvzpghq | Pjmszt | $151.5 Bil | |
EOG
| EOG Resources Inc | Lzldllvnj | Glrswm | $77.0 Bil | |
PXD
| Pioneer Natural Resources Co | Gdzqsdvvwk | Mxdlp | $63.9 Bil | |
OXY
| Occidental Petroleum Corp | Bwxshzzv | Hbzf | $58.5 Bil | |
HES
| Hess Corp | Rzkjlvfvjg | Gbqysvn | $47.6 Bil | |
FANG
| Diamondback Energy Inc | Jjmvhphlx | Gynqv | $36.1 Bil | |
DVN
| Devon Energy Corp | Jrmzjnzvf | Hhtmvh | $32.7 Bil | |
APA
| APA Corp | Gyldxjw | Lmzl | $12.0 Bil | |
AR
| Antero Resources Corp | Znfgmvjt | Nlh | $9.2 Bil |
