Marathon Oil (MRO) Price Target Raised to $21.00 at Morgan Stanley

Marathon Oil (NYSE:MRO) had its target price upped by equities researchers at Morgan Stanley from $15.00 to $21.00 in a research report issued on Wednesday. The firm currently has an “equal weight” rating on the oil and gas producer’s stock. Morgan Stanley’s target price suggests a potential upside of 11.46% from the stock’s current price.

A number of other brokerages have also recently weighed in on MRO. Zacks Investment Research upgraded shares of Marathon Oil from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Monday, January 15th. Jefferies Group restated a “hold” rating and set a $19.80 target price on shares of Marathon Oil in a report on Friday, January 19th. BMO Capital Markets restated a “hold” rating and set a $21.00 target price on shares of Marathon Oil in a report on Thursday, January 11th. JPMorgan Chase & Co. set a $20.00 target price on shares of Marathon Oil and gave the stock a “hold” rating in a report on Wednesday, January 17th. Finally, Bank of America upgraded shares of Marathon Oil from a “neutral” rating to a “buy” rating and set a $21.00 target price for the company in a report on Thursday, January 4th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $17.52.

Shares of Marathon Oil (MRO) traded up $0.16 during trading hours on Wednesday, reaching $18.84. 8,837,978 shares of the company were exchanged, compared to its average volume of 11,460,000. The company has a market capitalization of $16,010.00, a PE ratio of -7.36, a price-to-earnings-growth ratio of 7.64 and a beta of 2.38. Marathon Oil has a 1 year low of $10.55 and a 1 year high of $19.52. The company has a quick ratio of 2.02, a current ratio of 2.09 and a debt-to-equity ratio of 0.55.

Marathon Oil (NYSE:MRO) last issued its earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.08) earnings per share for the quarter, topping the Zacks’ 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 net margin of 148.07% and a negative return on equity of 3.02%. The firm’s revenue for the quarter was up 26.5% compared to the same quarter last year. During the same period last year, the firm posted ($0.23) earnings per share. research analysts predict that Marathon Oil will post -0.31 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of MRO. Cerebellum GP LLC acquired a new stake in shares of Marathon Oil during the 4th quarter valued at $117,000. FTB Advisors Inc. boosted its stake in shares of Marathon Oil by 49.8% during the 4th quarter. FTB Advisors Inc. now owns 8,080 shares of the oil and gas producer’s stock valued at $144,000 after buying an additional 2,687 shares during the period. Mackenzie Financial Corp acquired a new stake in shares of Marathon Oil during the 3rd quarter valued at $149,000. Valeo Financial Advisors LLC acquired a new stake in shares of Marathon Oil during the 3rd quarter valued at $159,000. Finally, Intact Investment Management Inc. acquired a new stake in shares of Marathon Oil during the 3rd quarter valued at $173,000. 80.28% of the stock is owned by hedge funds and other institutional investors.

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Marathon Oil 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.

Analyst Recommendations for Marathon Oil (NYSE:MRO)

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