Marathon Oil Corporation (MRO) Receives Price Target

Marathon Oil Corporation (MRO) : Average target price received by Marathon Oil Corporation (MRO) is $18.75 with an expected standard deviation of $2.09. The most aggressive target on the stock is $21, whereas the most downbeat target is $16. 12 financial analysts are currently covering the stock.

Marathon Oil Corporation (MRO) : The consensus on Marathon Oil Corporation (MRO) based on 13 analyst recommendation on the company stock is 1.62, 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.


Also, Equity Analysts at the Brokerage Firm, Bank of America, upgrades their rating on the shares of Marathon Oil Corporation (NYSE:MRO). Bank of America has a Buy rating on the shares. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on August 16, 2016.

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 $14.96 and $14.82 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.26. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.11, notching a gain of 0.60% for the day. The total traded volume was 14,881,760 . The stock had closed at $15.02 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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