Marathon Oil Corporation (MRO) has an average broker rating of 1.86, which is interpreted as a Buy, as rated by 14 equity analysts. Nonetheless, 9 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.
Marathon Oil Corporation (MRO) : 12 Wall Street analysts covering Marathon Oil Corporation (MRO) believe that the average level the stock could reach for the short term is $18.58. The maximum price target given is $21 and the minimum target for short term is around $16, hence the standard deviation is calculated at $1.93.
For the current week, the company shares have a recommendation consensus of Buy. Marathon Oil Corporation (NYSE:MRO): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.15 and $14.01 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.63. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.45, notching a gain of 3.36% for the day. The total traded volume was 13,615,894 . The stock had closed at $13.98 on the previous day.
In a related news, 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.