Zacks Rating on Marathon Oil Corporation (MRO)

Marathon Oil Corporation (MRO) : The consensus on Marathon Oil Corporation (MRO) based on 13 analyst recommendation on the company stock is 1.46, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 10 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Marathon Oil Corporation (MRO) : The highest level Marathon Oil Corporation (MRO) is projected to reach is $21 for the short term and the lowest estimate is at $16. The consolidated price target from 12 rating analysts who initiate coverage on the stock is $18.67 and the possibility the share price can swing is $2.02.


Shares of Marathon Oil Corporation rose by 8.31% in the last five trading days and 21.4% for the last 4 weeks. Marathon Oil Corporation is up 26.62% in the last 3-month period. Year-to-Date the stock performance stands at 32.42%. Marathon Oil Corporation (NYSE:MRO): stock turned positive on Tuesday. Though the stock opened at $15.73, the bulls momentum made the stock top out at $16.55 level for the day. The stock recorded a low of $15.67 and closed the trading day at $16.43, in the green by 5.05%. The total traded volume for the day was 29,786,932. The stock had closed at $15.64 in the previous days trading.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.