R. F. Lafferty Boosts Marathon Oil (MRO) Price Target to $27.00

Marathon Oil (NYSE:MRO) had its target price upped by R. F. Lafferty from $26.00 to $27.00 in a report issued on Tuesday. The firm currently has a “buy” rating on the oil and gas producer’s stock. R. F. Lafferty’s price objective would suggest a potential upside of 68.22% from the stock’s current price.

Other analysts also recently issued reports about the company. Bank of America upgraded Marathon Oil from a “neutral” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Thursday, January 4th. Seaport Global Securities upgraded Marathon Oil from a “sell” rating to a “buy” rating in a research report on Tuesday, December 19th. Zacks Investment Research upgraded Marathon Oil from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research report on Monday, November 6th. Jefferies Group upped their price objective on Marathon Oil from $14.00 to $16.50 and gave the company a “buy” rating in a research report on Friday, November 3rd. Finally, Societe Generale upgraded Marathon Oil from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $18.32.

Marathon Oil (NYSE MRO) traded up $0.45 during trading on Tuesday, reaching $16.05. The company’s stock had a trading volume of 13,340,993 shares, compared to its average volume of 12,693,336. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.09 and a quick ratio of 2.02. The firm has a market capitalization of $13,300.00, a price-to-earnings ratio of -16.37, a price-to-earnings-growth ratio of 3.57 and a beta of 2.34. Marathon Oil has a 12 month low of $10.55 and a 12 month high of $19.52.

Marathon Oil (NYSE:MRO) last posted its earnings results on Wednesday, February 14th. The oil and gas producer reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.05. Marathon Oil had a negative return on equity of 2.21% and a negative net margin of 120.11%. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the prior year, the company earned ($0.10) earnings per share. Marathon Oil’s revenue was up 23.0% compared to the same quarter last year. equities research analysts anticipate that Marathon Oil will post 0.35 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC increased its stake in Marathon Oil by 82.1% during the fourth quarter. Millennium Management LLC now owns 18,596,453 shares of the oil and gas producer’s stock worth $314,838,000 after acquiring an additional 8,385,155 shares during the last quarter. Alyeska Investment Group L.P. acquired a new stake in Marathon Oil during the third quarter worth about $81,114,000. Hotchkis & Wiley Capital Management LLC increased its stake in Marathon Oil by 10.1% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 41,191,926 shares of the oil and gas producer’s stock worth $558,563,000 after acquiring an additional 3,767,268 shares during the last quarter. Amundi Pioneer Asset Management Inc. acquired a new stake in Marathon Oil during the fourth quarter worth about $63,616,000. Finally, AXA increased its stake in Marathon Oil by 735.2% during the third quarter. AXA now owns 2,745,649 shares of the oil and gas producer’s stock worth $37,231,000 after acquiring an additional 2,416,889 shares during the last quarter. Hedge funds and other institutional investors own 78.99% of the company’s stock.

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About Marathon Oil

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.

Analyst Recommendations for Marathon Oil (NYSE:MRO)

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