Analyst Rating Update on Marathon Oil Corporation (MRO)

Marathon Oil Corporation (MRO) : The consensus on Marathon Oil Corporation (MRO) based on 14 analyst recommendation on the company stock is 1.86, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 9 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 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) has been rated by 12 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $21 and the lowest price target forecast is $14. The average forecast of all the analysts is $18.42 and the expected standard deviation is $2.23.

For the current week, the company shares have a recommendation consensus of Buy. Also, Barclays maintains their rating on the shares of Marathon Oil Corporation (NYSE:MRO). The current rating of the shares is Overweight. Equity Analysts at the Firm raises the price target to $14 per share from $12 per share. The rating by the firm was issued on July 14, 2016.


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 $12.97 and $12.67 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.42. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.42, notching a gain of 4.03% for the day. The total traded volume was 17,164,396 . The stock had closed at $12.90 on the previous day.

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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