Analysts Set Marathon Oil Co. (MRO) Price Target at $24.13

Shares of Marathon Oil Co. (NYSE:MRO) have earned a consensus recommendation of “Buy” from the twenty-three research firms that are presently covering the stock, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $24.13.

MRO has been the subject of several analyst reports. Morgan Stanley reduced their price objective on Marathon Oil from $25.00 to $20.00 and set a “hold” rating for the company in a research note on Tuesday, November 20th. BMO Capital Markets set a $22.00 price objective on Marathon Oil and gave the company a “buy” rating in a research note on Monday, November 12th. Raymond James reaffirmed a “buy” rating and set a $24.00 price objective on shares of Marathon Oil in a research note on Monday, December 24th. Barclays set a $25.00 price objective on Marathon Oil and gave the company a “buy” rating in a research note on Friday, October 26th. Finally, MKM Partners began coverage on Marathon Oil in a research note on Wednesday, December 5th. They set a “buy” rating and a $26.00 price objective for the company.

Several hedge funds have recently modified their holdings of the company. Legacy Financial Advisors Inc. purchased a new position in Marathon Oil in the 4th quarter valued at approximately $25,000. Gemmer Asset Management LLC increased its stake in Marathon Oil by 197.4% in the 4th quarter. Gemmer Asset Management LLC now owns 4,104 shares of the oil and gas producer’s stock valued at $59,000 after purchasing an additional 2,724 shares in the last quarter. Ipswich Investment Management Co. Inc. purchased a new position in Marathon Oil in the 4th quarter valued at approximately $62,000. Csenge Advisory Group purchased a new position in Marathon Oil in the 3rd quarter valued at approximately $92,000. Finally, Vectors Research Management LLC purchased a new position in Marathon Oil in the 3rd quarter valued at approximately $125,000. 81.10% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE MRO opened at $16.10 on Friday. The stock has a market capitalization of $13.38 billion, a P/E ratio of -42.37, a PEG ratio of 1.66 and a beta of 2.27. The company has a quick ratio of 1.38, a current ratio of 1.43 and a debt-to-equity ratio of 0.46. Marathon Oil has a 52-week low of $12.57 and a 52-week high of $24.20.

Marathon Oil (NYSE:MRO) last announced its earnings results on Wednesday, November 7th. The oil and gas producer reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.04. The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Marathon Oil had a return on equity of 4.47% and a net margin of 10.94%. The business’s revenue was up 33.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.08) EPS. As a group, research analysts forecast that Marathon Oil will post 0.71 earnings per share for the current fiscal year.

Marathon Oil Company Profile

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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Analyst Recommendations for Marathon Oil (NYSE:MRO)

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