Marathon Oil PT Raised to $47.00 (MRO)
Stock analysts at Argus upped their price target on shares of Marathon Oil (NYSE:MRO) from $45.00 to $47.00 in a report issued on Thursday. The firm currently has a “buy” rating on the stock. Argus’ price objective would suggest a potential upside of 17.74% from the stock’s previous close.
Marathon Oil (NYSE:MRO) traded up 0.65% on Thursday, hitting $40.18. The stock had a trading volume of 2,581,097 shares. Marathon Oil has a 52 week low of $31.57 and a 52 week high of $40.74. The stock’s 50-day moving average is $39.49 and its 200-day moving average is $36.60. The company has a market cap of $27.101 billion and a price-to-earnings ratio of 10.59.
Marathon Oil (NYSE:MRO) last announced its earnings results 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 announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Stockholders of record on Wednesday, August 20th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Monday, August 18th. This is a boost from Marathon Oil’s previous quarterly dividend of $0.19.
A number of other firms have also recently commented on MRO. Analysts at Zacks reiterated a “neutral” rating on shares of Marathon Oil in a research note on Thursday, August 7th. They now have a $41.00 price target on the stock. Separately, analysts at Barclays cut their price target on shares of Marathon Oil from $55.00 to $51.00 in a research note on Thursday, August 7th. They now have an “overweight” rating on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Marathon Oil in a research note on Wednesday, August 6th. They now have a $50.00 price target on the stock, up previously from $45.00. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Marathon Oil has a consensus rating of “Buy” and an average price target of $45.64.
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.