JPMorgan Chase & Co. set a $20.00 target price on Marathon Oil (NYSE:MRO) in a research note released on Wednesday. The brokerage currently has a hold rating on the oil and gas producer’s stock.
A number of other brokerages have also weighed in on MRO. Jefferies Group reaffirmed a hold rating and set a $14.00 target price on shares of Marathon Oil in a research report on Thursday, October 19th. Royal Bank of Canada set a $16.00 target price on Marathon Oil and gave the company a hold rating in a research report on Wednesday, October 11th. BMO Capital Markets set a $17.00 target price on Marathon Oil and gave the company a hold rating in a research report on Tuesday, October 10th. Barclays lifted their target price on Marathon Oil from $11.00 to $13.00 and gave the company an equal weight rating in a research report on Wednesday, October 11th. Finally, Morgan Stanley set a $15.00 target price on Marathon Oil and gave the company a hold rating in a research report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $17.24.
Shares of Marathon Oil (MRO) traded down $0.11 during mid-day trading on Wednesday, hitting $18.58. The company had a trading volume of 7,613,489 shares, compared to its average volume of 11,400,000. Marathon Oil has a 52-week low of $10.55 and a 52-week high of $19.04. 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 company has a market cap of $15,790.00, a price-to-earnings ratio of -7.26, a P/E/G ratio of 10.84 and a beta of 2.38.
Marathon Oil (NYSE:MRO) last issued its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.08) earnings per share (EPS) 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 analyst estimates 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 quarterly revenue was up 26.5% compared to the same quarter last year. During the same period last year, the company earned ($0.23) EPS. equities research analysts anticipate that Marathon Oil will post -0.31 earnings per share for the current fiscal year.
Several large investors have recently made changes to their positions in MRO. First Hawaiian Bank purchased a new position in Marathon Oil during the 4th quarter worth $178,000. Mackenzie Financial Corp purchased a new position in Marathon Oil during the 3rd quarter worth $149,000. Valeo Financial Advisors LLC purchased a new position in Marathon Oil during the 3rd quarter worth $159,000. Intact Investment Management Inc. purchased a new position in Marathon Oil during the 3rd quarter worth $173,000. Finally, Glenview Trust Co grew its stake 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 buying an additional 1,550 shares during the last quarter. Institutional investors and hedge funds own 80.50% of the company’s stock.
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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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