Marathon Oil Co. (NYSE:MRO) Receives Average Recommendation of “Buy” from Analysts

Shares of Marathon Oil Co. (NYSE:MRO) have received an average recommendation of “Buy” from the twenty-two research firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and fifteen have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $22.68.

A number of equities analysts have recently issued reports on the company. Morgan Stanley set a $207.00 target price on Alibaba Group and gave the stock a “buy” rating in a report on Friday, July 12th. Seaport Global Securities reissued a “buy” rating on shares of W&T Offshore in a report on Friday, June 21st. Zacks Investment Research cut HANNOVER RUECK/S from a “hold” rating to a “sell” rating in a report on Monday, April 22nd. TheStreet cut Upland Software from a “b-” rating to a “c+” rating in a report on Wednesday, July 10th. Finally, Capital One Financial raised Cimarex Energy from an “equal weight” rating to an “overweight” rating in a report on Thursday, May 23rd.

Shares of MRO stock traded up $0.14 during mid-day trading on Friday, reaching $13.36. The stock had a trading volume of 217,512 shares, compared to its average volume of 8,841,626. The company has a 50 day moving average of $13.63. The company has a current ratio of 1.49, a quick ratio of 1.45 and a debt-to-equity ratio of 0.45. Marathon Oil has a one year low of $12.57 and a one year high of $24.20. The company has a market capitalization of $10.84 billion, a price-to-earnings ratio of 18.81, a PEG ratio of 2.24 and a beta of 2.24.

Marathon Oil (NYSE:MRO) last announced its quarterly earnings data on Wednesday, May 1st. The oil and gas producer reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.24. Marathon Oil had a return on equity of 5.80% and a net margin of 15.12%. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter last year, the company earned $0.18 EPS. The company’s quarterly revenue was down 30.9% on a year-over-year basis. As a group, sell-side analysts expect that Marathon Oil will post 0.76 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Executive Wealth Management LLC bought a new position in Marathon Oil in the 4th quarter valued at $27,000. Semmax Financial Advisors Inc. boosted its position in Marathon Oil by 181.1% in the 1st quarter. Semmax Financial Advisors Inc. now owns 1,855 shares of the oil and gas producer’s stock valued at $31,000 after buying an additional 1,195 shares during the last quarter. Meridian Wealth Management LLC bought a new position in Marathon Oil in the 1st quarter valued at $33,000. Osborn Williams & Donohoe LLC bought a new position in Marathon Oil in the 1st quarter valued at $34,000. Finally, Pinnacle Bank bought a new position in Marathon Oil in the 4th quarter valued at $42,000. 81.95% of the stock is owned by hedge funds and other institutional investors.

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 and International. 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.

See Also: Compound Interest and Why It Matters When Investing

Analyst Recommendations for Marathon Oil (NYSE:MRO)

Receive News & Ratings for Marathon Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Oil and related companies with MarketBeat.com's FREE daily email newsletter.