Price Target Update on Marathon Oil Corporation (NYSE:MRO)

Marathon Oil Corporation (NYSE:MRO) : The most positive equity analysts on Marathon Oil Corporation (NYSE:MRO) expects the shares to touch $32, whereas, the least positive believes that the stock will trade at $12 in the short term. The company is covered by 13 Wall Street Brokerage Firms. The average price target for shares are $17.85 with an expected fluctuation of $5.08 from the mean.

Other Equity analysts have also commented on the company shares. KLR Group initiates coverage on Marathon Oil Corporation (NYSE:MRO). The shares have now been rated Buy by the stock experts at the ratings house. The rating by the firm was issued on June 7, 2016.

Marathon Oil Corporation (NYSE:MRO): stock turned positive on Thursday. Though the stock opened at $15.02, the bulls momentum made the stock top out at $15.28 level for the day. The stock recorded a low of $14.775 and closed the trading day at $15.27, in the green by 3.53%. The total traded volume for the day was 19,493,993. The stock had closed at $14.75 in the previous days trading.

The company shares have dropped -44.98% from its 1 Year high price. On Jun 26, 2015, the shares registered one year high at $27.77 and the one year low was seen on Feb 19, 2016. The 50-Day Moving Average price is $13.15 and the 200 Day Moving Average price is recorded at $11.48. On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the officer (V.P.-Corporate Development) of Marathon Oil Corp, Wagner Patrick had purchased shares worth of $77,000 in a transaction dated on September 14, 2015. A total of 5,000 shares were purchased at a price of $15.4 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

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.

Leave a Reply

Get Pre-Market Alerts!

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