Marathon Oil Corporation (MRO) is Downgraded by Barclays to Equal Weight, Lowers Price Target to $ 17

Marathon Oil Corporation (MRO) was Downgraded by Barclays to ” Equal Weight” while Lowering the Price Target of the company shares to $ 17 from a previous price target of $18 . Earlier the firm had a rating of “Overweight ” on the company shares. Barclays advised their investors in a research report released on Oct 17, 2016.

Many Wall Street Analysts have commented on Marathon Oil Corporation. Marathon Oil Corporation was Downgraded by Credit Suisse to ” Neutral” on Sep 12, 2016. Marathon Oil Corporation was Downgraded by Societe Generale to ” Hold” on Sep 9, 2016. Marathon Oil Corporation was Downgraded by Seaport Global Securities to ” Neutral” on Aug 30, 2016.

On the company’s financial health, Marathon Oil Corporation reported $-0.23 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $-0.25. The company had revenue of $1302.00 million for the quarter, compared to analysts expectations of $1076.24 million. The company’s revenue was down -15.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.23 EPS.

Marathon Oil Corporation closed down -0.2 points or -1.35% at $14.58 with 1,11,15,834 shares getting traded on Friday. Post opening the session at $14.87, the shares hit an intraday low of $14.54 and an intraday high of $14.94 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Sep 22, 2015, Patrick Wagner (V.P.-Corporate Development) purchased 5,000 shares at $15.40 per share price. According to the SEC, on Aug 7, 2015, Lee M Tillman (CEO) purchased 25,600 shares at $19.51 per share price.

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.

Marathon Oil Corporation

Leave a Reply

Marathon Oil Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Marathon Oil Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.