Brokerage Firm Rating Update on Marathon Oil Corporation (MRO)

Marathon Oil Corporation (MRO) has an average broker rating of 1.62, which is interpreted as a Buy, as rated by 13 equity analysts. Nonetheless, 9 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Marathon Oil Corporation (MRO) : The consensus price target for Marathon Oil Corporation (MRO) is $18.92 for the short term with a standard deviation of $1.93. The most optimist securities analyst among the 12 who monitor the stock believes that the stock can reach $21, however, the pessimist price target for the company is $16.


For the current week, the company shares have a recommendation consensus of Buy. Also, Barclays maintains its view on Marathon Oil Corporation (NYSE:MRO) according to the research report released by the firm to its investors. The shares have now been rated Overweight by the stock experts at the ratings house. Barclays raises the price target from $16 per share to $18 per share on Marathon Oil Corporation. The rating by the firm was issued on September 1, 2016.

Marathon Oil Corporation (NYSE:MRO): The stock opened at $15.8 and touched an intraday high of $15.93 on Wednesday. During the day, the stock corrected to an intraday low of $15.47, however, the bulls stepped in and pushed the price higher to close in the green at $15.69 with a gain of 0.32% for the day. The total traded volume for the day was 12,819,115. The stock had closed at $15.64 in the previous trading session.

Marathon Oil Corporation is an energy company based in Houston, Texas, with operations in North America, Europe and Africa. The Company operates in three segments: North America E&P segment, which explores for, produces and markets crude oil and condensate, NGLs and natural gas in North America; International E&P segment, which explores for, produces and markets crude oil and condensate, NGLs and natural gas outside of North America and produces and markets products manufactured from natural gas, such as LNG and methanol, in Egypt and Oil Sands Mining segment, which mines, extracts and transports bitumen from oil sands deposits in Alberta, Canada, and upgrades the bitumen to produce and market synthetic crude oil and vacuum gas oil. It has production operations in the United States, Egypt, Canada, the United Kingdom and Libya. The focus of its the United States operations is its three core unconventional resource plays, including the Eagle Ford, Bakken and Oklahoma Resource Basins.

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