Marathon Oil Given Buy Rating at Deutsche Bank (MRO)
Marathon Oil (NYSE:MRO)‘s stock had its “buy” rating restated by investment analysts at Deutsche Bank in a note issued to investors on Thursday. They currently have a $52.00 price objective on the stock, up from their previous price objective of $49.00. Deutsche Bank’s target price would indicate a potential upside of 25.97% from the company’s current price.
A number of other analysts have also recently weighed in 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. Eight equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Marathon Oil has a consensus rating of “Buy” and a consensus target price of $45.86.
Shares of Marathon Oil (NYSE:MRO) traded down 1.07% on Thursday, hitting $40.84. The stock had a trading volume of 2,994,859 shares. Marathon Oil has a 1-year low of $31.57 and a 1-year high of $41.92. The stock has a 50-day moving average of $39.80 and a 200-day moving average of $37.16. The company has a market cap of $27.546 billion and a P/E ratio of 10.95.
Marathon Oil (NYSE:MRO) last posted its quarterly 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. Analysts expect that Marathon Oil will post $3.13 EPS 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 2.03%. 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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