Marathon Oil (NYSE:MRO) had its target price boosted by investment analysts at UBS Group from $4.00 to $6.00 in a report issued on Monday, BenzingaRatingsTable reports. The firm currently has a “neutral” rating on the oil and gas producer’s stock. UBS Group’s price target would suggest a potential downside of 1.96% from the company’s previous close.
Several other equities research analysts have also commented on MRO. Susquehanna Bancshares lowered shares of Marathon Oil from a “positive” rating to a “neutral” rating in a research note on Friday, May 8th. Siebert Williams Shank reissued a “hold” rating and set a $5.00 price objective on shares of Marathon Oil in a research note on Thursday, May 7th. Raymond James lowered shares of Marathon Oil from a “strong-buy” rating to a “market perform” rating in a research note on Tuesday, March 24th. ValuEngine raised shares of Marathon Oil from a “hold” rating to a “buy” rating in a research note on Thursday, May 7th. Finally, Argus cut shares of Marathon Oil from a “buy” rating to a “hold” rating in a report on Wednesday, April 1st. Four research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $11.00.
Shares of MRO opened at $6.12 on Monday. The firm’s 50-day moving average price is $6.17 and its 200-day moving average price is $8.09. The firm has a market capitalization of $4.71 billion, a price-to-earnings ratio of 19.13 and a beta of 3.37. The company has a current ratio of 1.32, a quick ratio of 1.27 and a debt-to-equity ratio of 0.46. Marathon Oil has a 1-year low of $3.02 and a 1-year high of $14.70.
Marathon Oil (NYSE:MRO) last announced its earnings results on Wednesday, May 6th. The oil and gas producer reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.03). The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.04 billion. Marathon Oil had a net margin of 4.98% and a return on equity of 1.90%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.31 EPS. On average, research analysts forecast that Marathon Oil will post -1.47 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cornerstone Advisors Inc. boosted its position in shares of Marathon Oil by 158.3% during the first quarter. Cornerstone Advisors Inc. now owns 7,510 shares of the oil and gas producer’s stock worth $25,000 after acquiring an additional 4,603 shares during the last quarter. Balentine LLC bought a new position in Marathon Oil during the first quarter valued at $25,000. Pathstone Family Office LLC bought a new position in Marathon Oil during the first quarter valued at $26,000. RMR Wealth Builders bought a new position in Marathon Oil during the fourth quarter valued at $28,000. Finally, Flagship Harbor Advisors LLC lifted its position in Marathon Oil by 1,810.8% during the first quarter. Flagship Harbor Advisors LLC now owns 9,172 shares of the oil and gas producer’s stock valued at $30,000 after purchasing an additional 8,692 shares during the last quarter. 81.21% 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: Net Income
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.