Marathon Oil Corporation (MRO): Price Target and June Short Interest Disclosure

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 $12. The consolidated price target from 12 rating analysts who initiate coverage on the stock is $17.5 and the possibility the share price can swing is $2.68.

Marathon Oil Corporation (MRO), A rise of 5,976,094 shares or 16.3% was seen in the short interest of Marathon Oil Corporation. Even as the interest increased from 36,748,868 shares on June 15,2016 to 42,724,962 shares on June 30,2016, the days to cover came in at 2. The updated interest stood at 5.1% of the stocks floats. The stock has seen an average daily volume of 24,127,926 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Raymond James upgrades their rating on the shares of Marathon Oil Corporation (NYSE:MRO). The current rating of the shares is Strong Buy. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on July 7, 2016.


Marathon Oil Corporation (NYSE:MRO): On Thursdays trading session , Opening price of the stock was $15.55 with an intraday high of $15.76. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $15.21. However, the stock managed to close at $15.27, a loss of 0.13% for the day. On the previous day, the stock had closed at $15.29. The total traded volume of the day was 12,174,891 shares.

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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