Marathon Oil Corporation (MRO) : The consensus on Marathon Oil Corporation (MRO) based on 14 analyst recommendation on the company stock is 1.93, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 8 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
Marathon Oil Corporation (MRO) : The most positive equity analysts on Marathon Oil Corporation (MRO) expects the shares to touch $21, whereas, the least positive believes that the stock will trade at $12 in the short term. The company is covered by 12 Wall Street Brokerage Firms. The average price target for shares are $16.75 with an expected fluctuation of $2.9 from the mean.
Marathon Oil Corporation (NYSE:MRO): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.56 and $14.43 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.84, notching a gain of 0.82% for the day. The total traded volume was 15,754,792 . The stock had closed at $14.72 on the previous day.
Also, Brokerage firm Morgan Stanley upgrades its rating on Marathon Oil Corporation (NYSE:MRO). As per the latest information, the brokerage house raises the price target to $21 per share from a prior target of $18. The shares have been rated Equal-weight. Previously, the analysts had a Underweight rating on the shares. The rating by the firm was issued on June 21, 2016. The company shares have dropped -40.48% from its 1 Year high price. On Jul 8, 2015, the shares registered one year high at $25.66 and the one year low was seen on Feb 19, 2016. The 50-Day Moving Average price is $13.81 and the 200 Day Moving Average price is recorded at $11.48.
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.