Marathon Oil Corp. Given Hold Rating at Stifel Nicolaus (MRO)
Marathon Oil Corp. (NYSE:MRO)‘s stock had its “hold” rating restated by equities researchers at Stifel Nicolaus in a research report issued on Wednesday, Analyst Ratings News reports. They currently have a $37.00 price target on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 8.31% from the company’s current price.
MRO has been the subject of a number of other recent research reports. Analysts at Imperial Capital cut their price target on shares of Marathon Oil Corp. from $79.00 to $70.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at Argus upgraded shares of Marathon Oil Corp. from a “hold” rating to a “buy” rating in a research note to investors on Monday, September 30th. They now have a $42.00 price target on the stock, up previously from $34.90. Finally, analysts at Guggenheim initiated coverage on shares of Marathon Oil Corp. in a research note to investors on Thursday, September 12th. They set a “buy” rating and a $45.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $45.11.
Marathon Oil Corp. (NYSE:MRO) opened at 34.14 on Wednesday. Marathon Oil Corp. has a one year low of $28.63 and a one year high of $37.87. The stock has a 50-day moving average of $34.92 and a 200-day moving average of $34.64. The company has a market cap of $24.228 billion and a price-to-earnings ratio of 15.32.
Marathon Oil Corp. (NYSE:MRO) last announced its earnings results on Tuesday, August 6th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.59 earnings per share. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. Analysts expect that Marathon Oil Corp. will post $2.71 EPS 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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