Marathon Oil Price Target Cut to $51.00 by Analysts at Barclays (MRO)
Analysts at Barclays lowered their price objective on shares of Marathon Oil (NYSE:MRO) from $55.00 to $51.00 in a research report issued to clients and investors on Thursday. The firm currently has an “overweight” rating on the stock. Barclays’ target price suggests a potential upside of 31.00% from the stock’s previous close.
A number of other firms have also recently commented on MRO. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Marathon Oil in a research note on Wednesday. They now have a $50.00 price target on the stock, up previously from $45.00. Separately, analysts at Deutsche Bank raised their price target on shares of Marathon Oil from $46.00 to $49.00 in a research note on Thursday, July 17th. They now have a “buy” rating on the stock. Finally, 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. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Marathon Oil currently has a consensus rating of “Buy” and an average price target of $45.13.
Shares of Marathon Oil (NYSE:MRO) traded down 1.70% during mid-day trading on Thursday, hitting $38.27. The stock had a trading volume of 2,845,552 shares. Marathon Oil has a 1-year low of $31.57 and a 1-year high of $40.74. The stock’s 50-day moving average is $39. and its 200-day moving average is $36.21. The company has a market cap of $25.871 billion and a P/E ratio of 10.36.
Marathon Oil (NYSE:MRO) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.62 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.75 by $0.13. On average, analysts predict that Marathon Oil will post $3.16 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 10th. Investors of record on Wednesday, August 20th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Monday, August 18th. This is an increase from Marathon Oil’s previous quarterly dividend of $0.19.
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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