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Drilling Down into Marathon Oil’s Recent Operational Performance

PART:
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Part 3
Drilling Down into Marathon Oil’s Recent Operational Performance PART 3 OF 16

Marathon Oil Is Trading below Wall Street’s Median Target Price

Recommendations

On April 13, 2017, a total of 29 analysts had provided recommendations on Marathon Oil (MRO). These recommendations included seven “strong buy,” seven “buy,” 14 “hold,” and one “sell” recommendation. There were no “strong sell” recommendations on the stock.

Marathon Oil Is Trading below Wall Street&#8217;s Median Target Price

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Target price

The median target price from the above-mentioned Wall Street analysts’ recommendations is $20.50, ~29% higher than the stock’s April 13, 2017, closing price of $15.91.

The mean target price for MRO from these recommendations is $20.52, slightly higher than its median target price.

How MRO’s recommendations have changed in the last three months

In the last three months, analysts’ “strong buy” recommendations for MRO have risen from six to seven, its “buy” ratings have risen from five to seven, and its “hold” ratings have fallen from 18 to 14. Its “sell” and “strong sell” recommendations have remained unchanged.

In the last three months, Marathon Oil’s median and mean target prices have risen. MRO’s median target price has risen from $20.00 to $20.50, whereas its mean target price has risen from $20.10 to $20.52.

Other oil and gas producers

Based on the median price targets of recommendations from Wall Street analysts, other upstream companies SM Energy (SM), ConocoPhillips (COP), and QEP Resources (QEP) have potential upsides of ~80%, ~22%, and ~79%, respectively, from their closing prices on April 13, 2017.

The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) generally invests at least 80% of its total assets in oil and gas exploration companies, whereas the Energy Select Sector SPDR ETF (XLE) generally invests at least 95% of its total assets in oil and gas companies.

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