Canaccord Genuity Initiates Coverage on Marathon Oil Corporation to Hold

Canaccord Genuity Initiates Coverage on Marathon Oil Corporation(NYSE:MRO). The shares have been rated Hold. The rating by Canaccord Genuity was issued on Sep 30, 2016.

In a different note, On Sep 12, 2016, Credit Suisse said it Downgrades its rating on Marathon Oil Corporation. The shares have been rated ‘Neutral’ by the firm. On Sep 9, 2016, Societe Generale said it Downgrades its rating on Marathon Oil Corporation. The shares have been rated ‘Hold’ by the firm. On Sep 7, 2016, Jefferies said it Maintains its rating on Marathon Oil Corporation. In the research note, the firm Raises the price-target to $17.00 per share. The shares have been rated ‘Buy’ by the firm. On Sep 1, 2016, Barclays said it Maintains its rating on Marathon Oil Corporation. In the research note, the firm Raises the price-target to $16.00 per share. The shares have been rated ‘Overweight’ by the firm. On Aug 30, 2016, Seaport Global said it Downgrades its rating on Marathon Oil Corporation. The shares have been rated ‘Neutral’ by the firm. On Aug 16, 2016, Bank of America said it Upgrades its rating on Marathon Oil Corporation. The shares have been rated ‘Buy’ by the firm.

Marathon Oil Corporation (MRO) shares turned negative on Tuesdays trading session with the shares closing down -0.35 points or -2.19% at a volume of 1,37,50,511. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $16.139. The peak price level was also seen at $16.139 while the days lowest was $15.52. Finally the shares closed at $15.63. The 52-week high of the shares is $20.44 while the 52-week low is $6.52. According to the latest information available, the market cap of the company is $13,243 M.

Marathon Oil Corporation(MRO) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.30B. Analysts had an estimated revenue of $1.03B. Earnings per share were $-0.23. Analysts had estimated an EPS of $-0.24.

Several Insider Transactions has been reported to the SEC. On Sep 22, 2015, Patrick Wagner (V.P.-Corporate Development) purchased 5,000 shares at $15.40 per share price.Also, On Aug 7, 2015, Lee M Tillman (CEO) purchased 25,600 shares at $19.51 per share price.

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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