Marathon Oil Corporation (NYSE:MRO) : The most positive equity analysts on Marathon Oil Corporation (NYSE: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 has dropped 1.7% in the last five trading days, however, the shares have posted positive gains of 13.45% in the last 4 weeks. Marathon Oil Corporation is up 42.72% in the last 3-month period. Year-to-Date the stock performance stands at 20.56%. Also, Major Brokerage house, Morgan Stanley upgrades its ratings on Marathon Oil Corporation (NYSE:MRO). In the latest research report, Morgan Stanley raises the target price from $18 per share to $21 per share. According to the latest information available, the shares are now rated Equal-weight by the analysts at the agency. Previously, the analysts had a Underweight rating on the shares. The rating by the firm was issued on June 21, 2016.
Marathon Oil Corporation (NYSE:MRO) : 8 brokerage houses believe that Marathon Oil Corporation (NYSE:MRO) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Marathon Oil Corporation (NYSE:MRO). Zacks Investment Research suggests a Hold with a rank of 3. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 14 Wall Street Analysts endorse the stock as a Buy with a rating of 1.93.
Marathon Oil Corporation (NYSE:MRO): The stock opened at $15.02 on Thursday but the bulls could not build on the opening and the stock topped out at $15.15 for the day. The stock traded down to $14.76 during the day, due to lack of any buying support eventually closed down at $15.01 with a loss of -0.86% for the day. The stock had closed at $15.14 on the previous day. The total traded volume was 15,331,686 shares.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (V.P.-Corporate Development) of Marathon Oil Corp, Wagner Patrick, had purchased 5,000 shares in a transaction dated on September 14, 2015. The transaction was executed at $15.4 per share with total amount equaling $77,000.
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.