Marathon Oil Receives Average Recommendation of “Buy” from Brokerages (NYSE:MRO)
Shares of Marathon Oil (NYSE:MRO) have been given a consensus rating of “Buy” by the seventeen analysts that are covering the stock, AnalystRatingsNetwork reports. Eight analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $45.64.
Marathon Oil (NYSE:MRO) traded up 1.79% during mid-day trading on Wednesday, hitting $41.755. The stock had a trading volume of 1,482,564 shares. Marathon Oil has a one year low of $31.57 and a one year high of $41.75. The stock’s 50-day moving average is $39.75 and its 200-day moving average is $37.13. The company has a market cap of $28.163 billion and a P/E ratio of 10.88.
Marathon Oil (NYSE:MRO) last released its earnings data on Monday, August 4th. The company reported $0.62 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.75 by $0.13. On average, analysts predict that Marathon Oil will post $3.13 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 2.05%. 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.
A number of research firms have recently commented on MRO. Analysts at Argus raised their price target on shares of Marathon Oil from $45.00 to $47.00 in a research note on Thursday, August 21st. They now have a “buy” rating on the stock. Separately, 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. Finally, 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.
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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