Marathon Oil (NYSE:MRO)‘s stock had its “hold” rating reissued by equities researchers at BMO Capital Markets in a research note issued to investors on Thursday. They currently have a $21.00 price objective on the oil and gas producer’s stock. BMO Capital Markets’ price target would indicate a potential upside of 12.90% from the stock’s previous close.
A number of other brokerages have also recently commented on MRO. Bank of America raised Marathon Oil from a “neutral” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Thursday, January 4th. Zacks Investment Research raised Marathon Oil from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Monday, November 6th. Citigroup cut Marathon Oil from a “buy” rating to a “neutral” rating and set a $14.00 price target for the company. in a research note on Thursday, November 9th. Scotiabank set a $19.00 price target on Marathon Oil and gave the company a “buy” rating in a research note on Monday, November 13th. Finally, Jefferies Group upped their price target on Marathon Oil from $14.00 to $16.50 and gave the company a “buy” rating in a research note on Friday, November 3rd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Marathon Oil has an average rating of “Hold” and a consensus price target of $16.65.
Shares of Marathon Oil (NYSE:MRO) traded up $0.70 during mid-day trading on Thursday, hitting $18.60. The stock had a trading volume of 13,187,545 shares, compared to its average volume of 11,520,000. The company has a current ratio of 2.09, a quick ratio of 2.02 and a debt-to-equity ratio of 0.55. The company has a market cap of $15,800.00, a PE ratio of -7.27 and a beta of 2.38. Marathon Oil has a one year low of $10.55 and a one year high of $18.81.
Marathon Oil (NYSE:MRO) last announced its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.06. The company 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 19.87% and a negative net margin of 48.58%. Marathon Oil’s revenue was up 26.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.23) EPS. analysts anticipate that Marathon Oil will post -0.33 EPS for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mackenzie Financial Corp bought a new stake in Marathon Oil during the 3rd quarter worth approximately $149,000. Valeo Financial Advisors LLC acquired a new position in Marathon Oil during the 3rd quarter worth approximately $159,000. Intact Investment Management Inc. acquired a new position in Marathon Oil during the 3rd quarter worth approximately $173,000. Glenview Trust Co boosted its position in Marathon Oil by 13.5% during the 2nd quarter. Glenview Trust Co now owns 13,044 shares of the oil and gas producer’s stock worth $155,000 after acquiring an additional 1,550 shares during the last quarter. Finally, Donald L. Hagan LLC acquired a new position in Marathon Oil during the 3rd quarter worth approximately $179,000. 80.34% of the stock is 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.
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