Marathon Oil PT Raised to $47.00 (MRO)
Research analysts at Howard Weil lifted their target price on shares of Marathon Oil (NYSE:MRO) from $44.00 to $47.00 in a report released on Thursday. The firm currently has a “sector outperform” rating on the stock. Howard Weil’s price target points to a potential upside of 18.78% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Barclays reiterated an “overweight” rating on shares of Marathon Oil in a research note on Thursday, June 19th. They now have a $47.00 price target on the stock, up previously from $42.00. Separately, analysts at Wells Fargo & Co. downgraded shares of Marathon Oil from an “outperform” rating to a “market perform” rating in a research note on Friday, June 13th. They noted that the move was a valuation call. Finally, analysts at Jefferies Group initiated coverage on shares of Marathon Oil in a research note on Friday, June 13th. They set a “buy” rating and a $45.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Marathon Oil currently has an average rating of “Buy” and a consensus price target of $44.29.
Marathon Oil (NYSE:MRO) opened at 39.57 on Thursday. Marathon Oil has a 52-week low of $31.57 and a 52-week high of $40.33. The stock has a 50-day moving average of $38.25 and a 200-day moving average of $35.51. The company has a market cap of $26.752 billion and a price-to-earnings ratio of 11.13.
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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