Marathon Oil Corp. Coverage Initiated at Guggenheim (MRO)
Equities research analysts at Guggenheim started coverage on shares of Marathon Oil Corp. (NYSE:MRO) in a research note issued to investors on Thursday, Stock Ratings Network reports. The firm set a “buy” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James upgraded shares of Marathon Oil Corp. (NYSE:MRO) from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday, August 22nd. Separately, analysts at Mizuho cut their price target on shares of Marathon Oil Corp. (NYSE:MRO) from $44.00 to $43.00 in a research note to investors on Tuesday, August 20th. They now have a “buy” rating on the stock. Finally, analysts at Merrill Lynch downgraded shares of Marathon Oil Corp. (NYSE:MRO) from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, August 7th.
Six equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Marathon Oil Corp. presently has an average rating of “Buy” and a consensus target price of $43.75.
Marathon Oil Corp. (NYSE:MRO) traded down 1.40% during mid-day trading on Thursday, hitting $35.98. 6,046,860 shares of the company’s stock traded hands. Marathon Oil Corp. has a 1-year low of $28.63 and a 1-year high of $37.87. The stock has a 50-day moving average of $35.20 and a 200-day moving average of $34.42. The company has a market cap of $25.534 billion and a P/E ratio of 16.36.
Marathon Oil Corp. (NYSE:MRO) last released its earnings data on Tuesday, August 6th. The company reported $0.67 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.71 by $0.04. The company had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.84 billion. During the same quarter in the prior year, the company posted $0.59 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis. On average, analysts predict that Marathon Oil Corp. will post $2.76 earnings per share for the current fiscal year.
Marathon Oil Corporation (NYSE:MRO) is an international energy company engaged in exploration and production, oil sands mining and integrated gas with operations in the United States, Angola, Canada, Equatorial Guinea.
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