Marathon Oil (NYSE:MRO)‘s stock had its “buy” rating restated by R. F. Lafferty in a research report issued on Tuesday. They currently have a $27.00 price target on the oil and gas producer’s stock, up from their prior price target of $26.00. R. F. Lafferty’s price target points to a potential upside of 74.64% from the stock’s current price.
A number of other research firms have also recently weighed in on MRO. Zacks Investment Research cut Marathon Oil from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. Wolfe Research lowered shares of Marathon Oil from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 30th. Jefferies Group raised their price objective on shares of Marathon Oil from $14.00 to $16.50 and gave the company a “buy” rating in a research note on Friday, November 3rd. JPMorgan Chase & Co. upgraded shares of Marathon Oil from an “underweight” rating to a “neutral” rating and set a $15.00 price objective on the stock in a research note on Friday, December 15th. Finally, Credit Suisse Group began coverage on shares of Marathon Oil in a research note on Monday, December 11th. They set an “outperform” rating and a $20.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $18.32.
Marathon Oil (NYSE:MRO) traded down $0.39 on Tuesday, hitting $15.46. The stock had a trading volume of 13,066,502 shares, compared to its average volume of 12,942,022. The company has a market capitalization of $13,260.00, a PE ratio of -15.80, a PEG ratio of 3.57 and a beta of 2.34. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.02 and a current ratio of 2.09. Marathon Oil has a 52 week low of $10.55 and a 52 week high of $19.52.
Marathon Oil (NYSE:MRO) last released its quarterly earnings results on Wednesday, February 14th. The oil and gas producer reported $0.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.05. The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Marathon Oil had a negative return on equity of 2.21% and a negative net margin of 120.11%. The business’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.10) earnings per share. equities analysts forecast that Marathon Oil will post 0.35 earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of MRO. Janus Henderson Group PLC grew its position in Marathon Oil by 6.5% in the second quarter. Janus Henderson Group PLC now owns 164,859 shares of the oil and gas producer’s stock worth $1,954,000 after buying an additional 10,004 shares during the last quarter. Cubist Systematic Strategies LLC grew its position in Marathon Oil by 14.0% in the second quarter. Cubist Systematic Strategies LLC now owns 35,557 shares of the oil and gas producer’s stock worth $421,000 after buying an additional 4,354 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Marathon Oil in the second quarter worth approximately $403,000. Shell Asset Management Co. grew its position in Marathon Oil by 90.6% in the third quarter. Shell Asset Management Co. now owns 102,066 shares of the oil and gas producer’s stock worth $3,837,000 after buying an additional 48,505 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC acquired a new position in Marathon Oil in the third quarter worth approximately $231,000. Hedge funds and other institutional investors own 78.99% of the company’s stock.
Marathon Oil Company Profile
Marathon Oil Corporation is an exploration and production (E&P) company. The Company operates through three segments: North America E&P, International E&P and Oil Sands Mining. The North America E&P segment explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in North America.
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