A number of research firms have changed their ratings and price targets for Marathon Oil (NYSE: MRO):

  • 2/8/2018 – Marathon Oil was downgraded by analysts at Zacks Investment Research from a “buy” 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. Shares of Marathon Oil have rallied over 34.9% in the last six months, outperforming the broader industry's gain of 17.6%. The company has successfully positioned itself into the Delaware Basin and STACK/SCOOP resource plays while exiting the oil sands and conventional assets with limited upside. Driven by the robust performance in the last quarter, MRO raised its production guidance for 2017 to 350,000-360,000 BOE/d. 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.”
  • 2/2/2018 – Marathon Oil was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $21.00 price target on the stock. According to Zacks, “Marathon Oil is a leading energy firm with a large and geographically-diverse reserve base and solid project pipeline. Shares of Marathon Oil have rallied over 47.3% in the last six months, outperforming the broader industry's gain of 24.3%. The company has successfully positioned itself into the Delaware Basin and STACK/SCOOP resource plays while exiting the oil sands and conventional assets with limited upside. Driven by the robust performance in the last quarter, MRO raised its production guidance for 2017 to 350,000-360,000 BOE/d. Additionally, the company possesses a healthy balance sheet, which helps it to capitalize on investment opportunities. Marathon Oil displays a strong earnings surprise history on robust growth momentum and strong execution. All these factors form the basis of our bullish stance on the prospects of the stock.”
  • 2/1/2018 – Marathon Oil was downgraded by analysts at Zacks Investment Research from a “buy” 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. The company has successfully positioned itself into the Delaware Basin and STACK/SCOOP resource plays while exiting the oil sands and conventional assets with limited upside. Driven by the robust performance, MRO has also raised its production guidance for the full year to 350,000-360,000 BOE/d. Additionally, the company possesses a healthy balance sheet, which helps it to capitalize on investment opportunities. Marathon Oil displays a strong earnings surprise history on robust growth momentum and strong execution. However, we are concerned of MRO's stuttering Libyan operations along with higher costs and capex which may affect its near term results. Therefore, we take a cautious stance on the prospects of the stock.”
  • 1/30/2018 – Marathon Oil was downgraded by analysts at Wolfe Research from an “outperform” rating to a “market perform” rating.
  • 1/30/2018 – Marathon Oil was given a new $18.00 price target on by analysts at Stifel Nicolaus. They now have a “hold” rating on the stock.
  • 1/24/2018 – Marathon Oil had its price target raised by analysts at Morgan Stanley from $15.00 to $21.00. They now have an “equal weight” rating on the stock.
  • 1/19/2018 – Marathon Oil had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $19.80 price target on the stock.
  • 1/17/2018 – Marathon Oil was given a new $20.00 price target on by analysts at JPMorgan Chase & Co.. They now have a “hold” rating on the stock.
  • 1/15/2018 – Marathon Oil was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $21.00 price target on the stock. According to Zacks, “Marathon Oil is a leading energy firm with a large and geographically-diverse reserve base and solid project pipeline. Shares of Marathon Oil have rallied over 62% in the last six months, outperforming the broader industry's gain of 30%. The company has successfully positioned itself into the Delaware Basin and STACK/SCOOP resource plays while exiting the oil sands and conventional assets with limited upside. Driven by the robust performance in the last quarter, MRO raised its production guidance for 2017 to 350,000-360,000 BOE/d. Additionally, the company possesses a healthy balance sheet, which helps it to capitalize on investment opportunities. Marathon Oil displays a strong earnings surprise history on robust growth momentum and strong execution. The company is also witnessing surging earning estimates revisions lately. All these factors form the basis of our bullish stance on the prospects of the stock.”
  • 1/11/2018 – Marathon Oil had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $21.00 price target on the stock.
  • 1/4/2018 – Marathon Oil was upgraded by analysts at Bank of America Corp from a “neutral” rating to a “buy” rating. They now have a $21.00 price target on the stock.
  • 12/19/2017 – Marathon Oil was upgraded by analysts at Seaport Global Securities from a “sell” rating to a “buy” rating.
  • 12/15/2017 – Marathon Oil was upgraded by analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating. They now have a $15.00 price target on the stock.

Marathon Oil Co. (NYSE:MRO) traded up $0.73 during trading hours on Monday, reaching $16.24. The company had a trading volume of 8,218,166 shares, compared to its average volume of 11,671,872. The firm has a market capitalization of $13,530.00, a price-to-earnings ratio of -6.34, a PEG ratio of 3.92 and a beta of 2.34. The company has a quick ratio of 2.02, a current ratio of 2.09 and a debt-to-equity ratio of 0.55. Marathon Oil Co. has a fifty-two week low of $10.55 and a fifty-two week high of $19.52.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Wednesday, February 21st will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.23%. The ex-dividend date is Tuesday, February 20th. Marathon Oil’s dividend payout ratio (DPR) is presently -7.81%.

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.

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