Share on StockTwits

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.