Bull case:
- forward P/E of 5.6,
- profit margin of 35%,
- price/book of 1.5,
- return on equity of 19.5%,
- price currently at 50 day moving average (although up 100% on a year ago),
- revenue steady or increasing (apart from 2020 for pandemic reasons),
- a refiner, so not just a proxy for the oil price, and may benefit from cheaper feedstock prices,
- buybacks ahead.
Bear case:
- recession is around the corner,
- $TSLA eats the world,
- crude crashes in price (not sure this is a problem, tho'),
- with a beta of 2.6 if the broader market sinks, $MRO might crash.
Last updated: 2026-03-07 by automated standardization process
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