Marathon Oil Corporation (MRO) Given a $17.00 Price Target by BMO Capital Markets Analysts
Marathon Oil Corporation (NYSE:MRO) received a $17.00 target price from equities researchers at BMO Capital Markets in a research note issued to investors on Tuesday. The brokerage currently has a “hold” rating on the oil and gas producer’s stock. BMO Capital Markets’ price target indicates a potential upside of 24.82% from the stock’s previous close.
MRO has been the subject of several other reports. Scotiabank set a $19.00 price objective on Marathon Oil Corporation and gave the stock a “buy” rating in a research report on Wednesday, October 4th. Morgan Stanley raised Marathon Oil Corporation from an “underweight” rating to an “equal weight” rating and lowered their price objective for the stock from $17.00 to $14.00 in a research report on Wednesday, June 21st. Goldman Sachs Group, Inc. (The) assumed coverage on Marathon Oil Corporation in a research report on Wednesday, June 28th. They issued a “neutral” rating and a $16.00 price objective for the company. Stifel Nicolaus set a $10.00 price objective on Marathon Oil Corporation and gave the stock a “hold” rating in a research report on Thursday, October 5th. Finally, Piper Jaffray Companies set a $20.00 price objective on Marathon Oil Corporation and gave the stock a “buy” rating in a research report on Friday, August 25th. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $16.96.
Shares of Marathon Oil Corporation (NYSE:MRO) opened at 13.62 on Tuesday. The company has a 50-day moving average price of $12.27 and a 200-day moving average price of $13.06. The company’s market cap is $11.57 billion. Marathon Oil Corporation has a 12-month low of $10.55 and a 12-month high of $19.28.
Marathon Oil Corporation (NYSE:MRO) last posted its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported ($0.24) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.10). Marathon Oil Corporation had a negative return on equity of 2.86% and a negative net margin of 140.22%. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the business posted ($0.23) earnings per share. The business’s revenue was down 4.0% on a year-over-year basis. On average, analysts predict that Marathon Oil Corporation will post ($0.46) earnings per share for the current year.
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A number of institutional investors have recently modified their holdings of MRO. I.G. Investment Management LTD. bought a new stake in Marathon Oil Corporation during the 2nd quarter worth approximately $101,000. Independent Advisor Alliance bought a new stake in Marathon Oil Corporation during the 4th quarter worth approximately $103,000. Advisory Services Network LLC bought a new stake in Marathon Oil Corporation during the 1st quarter worth approximately $103,000. Integrated Investment Consultants LLC increased its holdings in Marathon Oil Corporation by 46.0% during the 2nd quarter. Integrated Investment Consultants LLC now owns 7,092 shares of the oil and gas producer’s stock worth $106,000 after purchasing an additional 2,234 shares in the last quarter. Finally, Global X Management Co. LLC increased its holdings in Marathon Oil Corporation by 89.6% during the 3rd quarter. Global X Management Co. LLC now owns 6,683 shares of the oil and gas producer’s stock worth $106,000 after purchasing an additional 3,158 shares in the last quarter. 80.98% of the stock is owned by institutional investors and hedge funds.
Marathon Oil Corporation Company Profile
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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