Marathon Oil Corporation (MRO) : The consensus on Marathon Oil Corporation (MRO) based on 14 analyst recommendation on the company stock is 1.71, 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. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Marathon Oil Corporation (MRO) : 12 investment research analysts covering Marathon Oil Corporation (MRO) have an average price target of $19 for the near short term. The highest target price given by the Brokerage Firm to the stock is $21 and the lowest target is $16 for the short term. Analysts expect the variance to be within $1.86 of the average price.
Also, Societe Generale downgrades its rating on Marathon Oil Corporation (NYSE:MRO). Analysts at the Societe Generale have a current rating of Hold on the shares. The shares were previously rated Buy. The rating by the firm was issued on September 9, 2016.
Marathon Oil Corporation (NYSE:MRO): After opening at $14.12, the stock dipped to an intraday low of $14.08 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $14.5 and the buying power remained strong till the end. The stock closed at $14.26 for the day, a gain of 1.78% for the day session. The total traded volume was 12,228,557. The stocks close on the previous trading day was $14.01.
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.