Marathon Oil (MRO) Given a $19.00 Price Target at Scotiabank

Marathon Oil (NYSE:MRO) has been given a $19.00 price target by analysts at Scotiabank in a research note issued to investors on Monday, November 13th. The brokerage currently has a “buy” rating on the oil and gas producer’s stock. Scotiabank’s target price would indicate a potential upside of 25.99% from the stock’s current price.

Several other brokerages also recently commented on MRO. Zacks Investment Research upgraded Marathon Oil from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Jefferies Group reiterated a “hold” rating and set a $14.00 target price on shares of Marathon Oil in a research note on Thursday, October 19th. Royal Bank Of Canada set a $16.00 target price on Marathon Oil and gave the stock a “hold” rating in a research note on Wednesday, October 11th. Vetr downgraded Marathon Oil from a “strong-buy” rating to a “buy” rating and set a $14.22 target price for the company. in a research note on Monday, August 7th. Finally, BMO Capital Markets set a $17.00 target price on Marathon Oil and gave the stock a “hold” rating in a research note on Tuesday, October 10th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have assigned a buy rating to the stock. Marathon Oil presently has an average rating of “Hold” and a consensus target price of $16.90.

Marathon Oil (NYSE:MRO) traded up $0.24 during mid-day trading on Monday, reaching $15.08. The company’s stock had a trading volume of 18,223,492 shares, compared to its average volume of 13,418,932. 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 has a 12-month low of $10.55 and a 12-month high of $19.28.

Marathon Oil (NYSE:MRO) last issued its earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.08) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.06. Marathon Oil had a negative return on equity of 3.02% and a negative net margin of 148.07%. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the company posted ($0.23) EPS. The firm’s revenue for the quarter was up 26.5% compared to the same quarter last year. research analysts predict that Marathon Oil will post -0.35 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the stock. Dupont Capital Management Corp acquired a new position in Marathon Oil in the 2nd quarter valued at $122,000. Mackenzie Financial Corp acquired a new position in Marathon Oil in the 3rd quarter valued at $149,000. Valeo Financial Advisors LLC acquired a new position in Marathon Oil in the 3rd quarter valued at $159,000. JFS Wealth Advisors LLC raised its holdings in Marathon Oil by 27.6% in the 2nd quarter. JFS Wealth Advisors LLC now owns 12,453 shares of the oil and gas producer’s stock valued at $148,000 after acquiring an additional 2,693 shares in the last quarter. Finally, IBM Retirement Fund acquired a new position in Marathon Oil in the 2nd quarter valued at $149,000. 80.66% of the stock is owned by institutional investors and hedge funds.

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Marathon Oil Company Profile

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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