Marathon Oil (NYSE:MRO) Stock Rating Upgraded by Bank of America

Marathon Oil (NYSE:MRO) was upgraded by Bank of America from a “neutral” rating to a “buy” rating in a report released on Thursday, January 4th, MarketBeat Ratings reports. The firm presently has a $21.00 price objective on the oil and gas producer’s stock. Bank of America’s price target points to a potential upside of 17.32% from the stock’s current price.

Other analysts have also issued research reports about the company. Credit Suisse Group began coverage on Marathon Oil in a report on Monday, December 11th. They issued an “outperform” rating and a $20.00 price target for the company. BMO Capital Markets reaffirmed a “hold” rating and set a $18.00 price target on shares of Marathon Oil in a research report on Tuesday, November 7th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Marathon Oil in a research report on Saturday, September 16th. Jefferies Group reaffirmed a “hold” rating and set a $12.00 price target on shares of Marathon Oil in a research report on Friday, October 6th. Finally, Atlantic Securities raised Marathon Oil from a “neutral” rating to an “overweight” rating in a research report on Tuesday, December 5th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $16.51.

Shares of Marathon Oil (NYSE MRO) opened at $17.90 on Thursday. Marathon Oil has a twelve month low of $10.55 and a twelve month high of $18.15. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.09 and a quick ratio of 2.02. The stock has a market capitalization of $15,210.00, a PE ratio of -6.99 and a beta of 2.38.

Marathon Oil (NYSE:MRO) last issued its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported ($0.08) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.06. Marathon Oil had a negative return on equity of 19.87% and a negative net margin of 48.58%. The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the firm posted ($0.23) earnings per share. The firm’s revenue for the quarter was up 26.5% on a year-over-year basis. research analysts anticipate that Marathon Oil will post -0.33 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in MRO. Mackenzie Financial Corp acquired a new stake in Marathon Oil in the 3rd quarter valued at approximately $149,000. Glenview Trust Co increased its holdings in Marathon Oil by 13.5% in the 2nd quarter. Glenview Trust Co now owns 13,044 shares of the oil and gas producer’s stock valued at $155,000 after purchasing an additional 1,550 shares during the last quarter. Valeo Financial Advisors LLC acquired a new stake in Marathon Oil in the 3rd quarter valued at approximately $159,000. Northwestern Mutual Wealth Management Co. increased its holdings in Marathon Oil by 21.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 14,011 shares of the oil and gas producer’s stock valued at $166,000 after purchasing an additional 2,486 shares during the last quarter. Finally, Freestone Capital Holdings LLC increased its holdings in Marathon Oil by 1.1% in the 2nd quarter. Freestone Capital Holdings LLC now owns 14,150 shares of the oil and gas producer’s stock valued at $168,000 after purchasing an additional 150 shares during the last quarter. Institutional investors and hedge funds own 80.34% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Marathon Oil (NYSE:MRO) Stock Rating Upgraded by Bank of America” was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The legal version of this article can be read at https://www.dispatchtribunal.com/2018/01/11/marathon-oil-mro-raised-to-buy-at-bank-of-america.html.

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)

Receive News & Ratings for Marathon Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Oil and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply