Marathon Oil’s (MRO) “Hold” Rating Reiterated at Jefferies Group

Marathon Oil (NYSE:MRO)‘s stock had its “hold” rating reissued by stock analysts at Jefferies Group in a research report issued on Friday. They currently have a $19.80 price target on the oil and gas producer’s stock. Jefferies Group’s price target points to a potential upside of 5.94% from the stock’s current price.

Other analysts have also issued research reports about the company. BMO Capital Markets reissued a “hold” rating and issued a $18.00 target price on shares of Marathon Oil in a report on Tuesday, November 7th. Barclays upped their target price on Marathon Oil from $14.00 to $15.00 and gave the company an “equal weight” rating in a report on Monday, November 20th. JPMorgan Chase & Co. set a $20.00 target price on Marathon Oil and gave the company a “hold” rating in a report on Wednesday. Scotiabank set a $19.00 target price on Marathon Oil and gave the company a “buy” rating in a report on Wednesday, October 4th. Finally, Atlantic Securities raised Marathon Oil from a “neutral” rating to an “overweight” rating in a report on Tuesday, December 5th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $17.24.

Marathon Oil (NYSE MRO) traded down $0.15 during trading hours on Friday, reaching $18.69. The company’s stock had a trading volume of 10,145,101 shares, compared to its average volume of 11,606,850. The stock has a market capitalization of $15,790.00, a PE ratio of -7.30, a price-to-earnings-growth ratio of 15.56 and a beta of 2.38. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.09 and a quick ratio of 2.02. Marathon Oil has a 1 year low of $10.55 and a 1 year high of $19.04.

Marathon Oil (NYSE:MRO) last released its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported ($0.08) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.06. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Marathon Oil had a negative return on equity of 3.02% and a negative net margin of 148.07%. Marathon Oil’s revenue was up 26.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.23) earnings per share. sell-side analysts anticipate that Marathon Oil will post -0.31 EPS for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Mackenzie Financial Corp acquired a new stake in shares of Marathon Oil during the third quarter valued at $149,000. Glenview Trust Co boosted its stake in shares of Marathon Oil by 13.5% during the second quarter. Glenview Trust Co now owns 13,044 shares of the oil and gas producer’s stock valued at $155,000 after acquiring an additional 1,550 shares during the last quarter. Valeo Financial Advisors LLC acquired a new stake in shares of Marathon Oil during the third quarter valued at $159,000. Intact Investment Management Inc. acquired a new stake in shares of Marathon Oil during the third quarter valued at $173,000. Finally, First Hawaiian Bank acquired a new stake in shares of Marathon Oil during the fourth quarter valued at $178,000. 80.50% of the stock is currently owned by institutional investors and hedge funds.

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About Marathon Oil

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.

Analyst Recommendations for Marathon Oil (NYSE:MRO)

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