Barclays PLC Reiterates “$11.00” Price Target for Marathon Oil Corporation (MRO)
Marathon Oil Corporation (NYSE:MRO) received a $11.00 price target from research analysts at Barclays PLC in a report issued on Friday. The firm presently has a “hold” rating on the oil and gas producer’s stock. Barclays PLC’s price target would suggest a potential downside of 14.73% from the stock’s current price.
A number of other equities analysts have also recently commented on the company. Royal Bank Of Canada set a $20.00 price target on Marathon Oil Corporation and gave the stock a “hold” rating in a research note on Friday, June 2nd. Citigroup Inc. raised Marathon Oil Corporation from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $19.00 to $15.00 in a research note on Wednesday, July 5th. ValuEngine cut Marathon Oil Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Stephens started coverage on Marathon Oil Corporation in a research note on Wednesday, July 12th. They issued an “equal weight” rating and a $14.00 price target on the stock. Finally, BidaskClub cut Marathon Oil Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, June 23rd. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $17.44.
Shares of Marathon Oil Corporation (NYSE MRO) opened at 12.90 on Friday. The company has a 50-day moving average price of $11.91 and a 200 day moving average price of $14.51. Marathon Oil Corporation has a one year low of $11.20 and a one year high of $19.28. The company’s market capitalization is $10.96 billion.
Marathon Oil Corporation (NYSE:MRO) last announced its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.24) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.14) by $0.10. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Marathon Oil Corporation had a negative return on equity of 2.86% and a negative net margin of 140.22%. Marathon Oil Corporation’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period last year, the firm earned ($0.23) earnings per share. Equities analysts anticipate that Marathon Oil Corporation will post ($0.45) EPS for the current year.
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Large investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC bought a new stake in Marathon Oil Corporation during the first quarter valued at approximately $103,000. Integrated Investment Consultants LLC increased its stake in Marathon Oil Corporation by 33.8% in the second quarter. Integrated Investment Consultants LLC now owns 9,054 shares of the oil and gas producer’s stock valued at $107,000 after buying an additional 2,287 shares during the period. Dupont Capital Management Corp bought a new stake in Marathon Oil Corporation during the second quarter valued at approximately $122,000. JFS Wealth Advisors LLC increased its stake in Marathon Oil Corporation by 27.6% in the second quarter. JFS Wealth Advisors LLC now owns 12,453 shares of the oil and gas producer’s stock valued at $148,000 after buying an additional 2,693 shares during the period. Finally, IBM Retirement Fund bought a new stake in Marathon Oil Corporation during the second quarter valued at approximately $149,000. 81.28% of the stock is currently owned by institutional investors and hedge funds.
About Marathon Oil Corporation
Marathon Oil Corporation is an exploration and production (E&P) company. The Company operates through three segments: North America E&P, International E&P and Oil Sands Mining. The North America E&P segment explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in North America.
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