Recent Research Analysts’ Ratings Updates for Marathon Oil Corporation (MRO)

Several brokerages have updated their recommendations and price targets on shares of Marathon Oil Corporation (NYSE: MRO) in the last few weeks:

  • 8/9/2017 – Marathon Oil Corporation had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $14.00 price target on the stock, up previously from $13.00.
  • 8/9/2017 – Marathon Oil Corporation had its “buy” rating reaffirmed by analysts at KLR Group. They now have a $23.00 price target on the stock, up previously from $21.00.
  • 8/7/2017 – Marathon Oil Corporation was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $14.22 price target on the stock.
  • 8/5/2017 – Marathon Oil Corporation was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 8/4/2017 – Marathon Oil Corporation was given a new $11.00 price target on by analysts at Barclays PLC. They now have a “hold” rating on the stock.
  • 8/3/2017 – Marathon Oil Corporation had its “buy” rating reaffirmed by analysts at Scotiabank. They now have a $19.00 price target on the stock.
  • 8/2/2017 – Marathon Oil Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Marathon Oil is a leading energy firm with a large and geographically-diverse reserve base and solid project pipeline. Additionally, it possesses a healthy balance sheet, which helps it to capitalize on investment opportunities. We also like the strong growth potential of Marathon’s high-margin liquids-rich unconventional plays and the company's recent entry into the prolific Permian Basin. Importantly, despite the weak commodity pricing environment, Marathon Oil has maintained its excellent track record of earnings surprise history, beating estimates in each of the last nine quarters thanks to its competitive cost structure and strong execution. But while being incrementally more positive on the company, we believe Marathon’s earnings and cash flows are bound to feel the heat from the ongoing oil price slump. Consequently, we would rather wait for a better entry point before accumulating shares.”
  • 7/21/2017 – Marathon Oil Corporation had its price target lowered by analysts at Citigroup Inc. from $15.00 to $14.00. They now have a “neutral” rating on the stock.
  • 7/20/2017 – Marathon Oil Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Marathon Oil's stock price has fallen 30% over the past 6 months, more than the Zacks categorized 'Oil & Gas – U.S. Exploration & Production' industry’s decline of 22%. As it is, with oil falling below the psychologically-critical $50 threshold again, the company's near-to-medium term revenue outlook remains cloudy. We believe Marathon’s earnings and cash flows are bound to feel the heat from the ongoing oil price slump. The year-over-year decline in production and uncertainty regarding its low cost Libyan operations are also cause for concern. Lack of growth catalysts remain another major liability. Given these headwinds, we see Marathon Oil as a risky bet that ordinary investors should exit.”
  • 7/16/2017 – Marathon Oil Corporation was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/14/2017 – Marathon Oil Corporation had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $11.00 price target on the stock.
  • 7/12/2017 – Marathon Oil Corporation is now covered by analysts at Stephens. They set an “equal weight” rating and a $14.00 price target on the stock.
  • 7/5/2017 – Marathon Oil Corporation was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 7/5/2017 – Marathon Oil Corporation was upgraded by analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating. They now have a $15.00 price target on the stock, down previously from $19.00.
  • 7/1/2017 – Marathon Oil Corporation was given a new $19.00 price target on by analysts at Scotiabank. They now have a “buy” rating on the stock.
  • 6/28/2017 – Marathon Oil Corporation is now covered by analysts at Goldman Sachs Group, Inc. (The). They set a “neutral” rating and a $16.00 price target on the stock.
  • 6/24/2017 – Marathon Oil Corporation was given a new $16.00 price target on by analysts at Jefferies Group LLC. They now have a “hold” rating on the stock.
  • 6/23/2017 – Marathon Oil Corporation was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 6/21/2017 – Marathon Oil Corporation was upgraded by analysts at Morgan Stanley from an “underweight” rating to an “equal weight” rating. They now have a $14.00 price target on the stock, down previously from $17.00.
  • 6/21/2017 – Marathon Oil Corporation was downgraded by analysts at Seaport Global Securities from a “neutral” rating to a “sell” rating. They now have a $9.00 price target on the stock, down previously from $17.00.
  • 6/14/2017 – Marathon Oil Corporation was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.

Shares of Marathon Oil Corporation (NYSE MRO) opened at 12.05 on Friday. The company has a 50-day moving average price of $11.90 and a 200 day moving average price of $14.32. The company’s market capitalization is $10.24 billion. Marathon Oil Corporation has a 12-month low of $11.20 and a 12-month high of $19.28.

Marathon Oil Corporation (NYSE:MRO) last issued its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by $0.10. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Marathon Oil Corporation had a negative return on equity of 2.86% and a negative net margin of 140.22%. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter last year, the company earned ($0.23) earnings per share. On average, equities analysts anticipate that Marathon Oil Corporation will post ($0.46) earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Wednesday, August 16th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Monday, August 14th. Marathon Oil Corporation’s dividend payout ratio (DPR) is currently -2.55%.

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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