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Marathon Oil Corp. (NYSE:MRO) was downgraded by investment analysts at Howard Weil from a “focus list” rating to a “sector outperform” rating in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports. They currently have a $44.00 price target on the stock. Howard Weil’s price target indicates a potential upside of 27.91% from the stock’s previous close.

A number of other firms have also recently commented on MRO. Analysts at Iberia Capital initiated coverage on shares of Marathon Oil Corp. in a research note to investors on Tuesday, December 31st. They set a “sector perform” rating and a $38.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Marathon Oil Corp. in a research note to investors on Friday, December 27th. They now have a $37.00 price target on the stock. Finally, analysts at Barclays raised their price target on shares of Marathon Oil Corp. from $44.00 to $46.00 in a research note to investors on Monday, December 16th. Eleven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $42.63.

Shares of Marathon Oil Corp. (NYSE:MRO) opened at 34.40 on Wednesday. Marathon Oil Corp. has a one year low of $29.47 and a one year high of $38.18. The stock has a 50-day moving average of $35.80 and a 200-day moving average of $35.55. The company has a market cap of $23.964 billion and a P/E ratio of 14.39.

Marathon Oil Corp. (NYSE:MRO) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by $0.17. The company had revenue of $26.27 billion for the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter last year, the company posted $0.64 earnings per share. Marathon Oil Corp.’s revenue was down 5.9% compared to the same quarter last year. Analysts expect that Marathon Oil Corp. will post $3.03 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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