Marathon Oil (NYSE:MRO) has been assigned a $21.00 price objective by analysts at Stifel Nicolaus in a report issued on Wednesday. The firm currently has a “hold” rating on the oil and gas producer’s stock. Stifel Nicolaus’ target price indicates a potential downside of 3.54% from the company’s previous close.
A number of other equities research analysts also recently weighed in on the stock. Barclays assumed coverage on shares of Marathon Oil in a research note on Wednesday. They issued an “overweight” rating and a $25.00 target price on the stock. Jefferies Financial Group reaffirmed a “hold” rating and issued a $22.80 target price on shares of Marathon Oil in a research note on Wednesday, August 15th. Zacks Investment Research upgraded shares of Marathon Oil from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Tuesday, July 31st. Mizuho assumed coverage on shares of Marathon Oil in a research report on Monday, July 23rd. They set a “neutral” rating and a $28.00 price target on the stock. Finally, Morgan Stanley assumed coverage on shares of Marathon Oil in a research report on Thursday, July 12th. They set an “equal weight” rating and a $23.00 price target on the stock. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $21.65.
Shares of MRO opened at $21.77 on Wednesday. The company has a market capitalization of $17.83 billion, a P/E ratio of -57.29, a P/E/G ratio of 1.61 and a beta of 2.37. The company has a current ratio of 1.51, a quick ratio of 1.45 and a debt-to-equity ratio of 0.45. Marathon Oil has a 1-year low of $10.64 and a 1-year high of $22.74.
Marathon Oil (NYSE:MRO) last announced its earnings results on Wednesday, August 1st. The oil and gas producer reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Marathon Oil had a negative net margin of 3.03% and a positive return on equity of 2.25%. The company’s revenue for the quarter was up 33.8% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.24) earnings per share. analysts anticipate that Marathon Oil will post 0.79 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of MRO. Penserra Capital Management LLC bought a new position in shares of Marathon Oil in the first quarter worth approximately $102,000. First Mercantile Trust Co. bought a new position in shares of Marathon Oil in the second quarter worth approximately $111,000. Centaurus Financial Inc. bought a new position in shares of Marathon Oil in the second quarter worth approximately $133,000. Mount Yale Investment Advisors LLC bought a new position in shares of Marathon Oil in the second quarter worth approximately $133,000. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Marathon Oil by 146.5% in the second quarter. Envestnet Asset Management Inc. now owns 6,973 shares of the oil and gas producer’s stock worth $146,000 after purchasing an additional 4,144 shares during the last quarter. Institutional investors and hedge funds own 80.77% of the company’s stock.
About Marathon Oil
Marathon Oil Corporation operates as an energy company in the United States, Equatorial Guinea, the United Kingdom, and Libya. It operates in two segments, United States E&P and International E&P. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol.
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