Marathon Oil Corp. PT Lowered to $70.00 (MRO)
Stock analysts at Imperial Capital cut their price objective on shares of Marathon Oil Corp. (NYSE:MRO) from $79.00 to $70.00 in a report issued on Wednesday, Analyst Ratings.Net reports. The firm currently has an “outperform” rating on the stock. Imperial Capital’s price target indicates a potential upside of 104.92% from the stock’s previous close.
Marathon Oil Corp. (NYSE:MRO) opened at 34.16 on Wednesday. Marathon Oil Corp. has a 52-week low of $28.63 and a 52-week high of $37.87. The stock’s 50-day moving average is $34.92 and its 200-day moving average is $34.64. The company has a market cap of $24.242 billion and a price-to-earnings ratio of 15.32.
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 $2.71 earnings per share for the current fiscal year.
MRO has been the subject of a number of other recent research reports. 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. Separately, analysts at Stifel Nicolaus downgraded shares of Marathon Oil Corp. from a “buy” rating to a “hold” rating in a research note to investors on Friday, September 27th. They now have a $37.00 price target on the stock. 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 assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $45.11.
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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