Marathon Oil Hits New 12-Month High at $40.38 (MRO)
Marathon Oil (NYSE:MRO) hit a new 52-week high during mid-day trading on Thursday , Stock Ratings Network.com reports. The company traded as high as $40.38 and last traded at $39.89, with a volume of 1,804,455 shares traded. The stock had previously closed at $40.27.
A number of research firms have recently commented on MRO. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Marathon Oil in a research note on Thursday. They now have a $49.00 price target on the stock, up previously from $46.00. Separately, analysts at Howard Weil raised their price target on shares of Marathon Oil from $44.00 to $47.00 in a research note on Thursday, July 10th. They now have a “sector outperform” rating on the stock. Finally, 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. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Marathon Oil currently has an average rating of “Buy” and a consensus target price of $44.50.
The stock has a 50-day moving average of $38.69 and a 200-day moving average of $35.6. The company has a market cap of $26.786 billion and a price-to-earnings ratio of 11.33.
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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