Marathon Oil: Analyzing Wall Street’s Ratings
Analyst recommendations for Marathon Oil
As of September 1, 2017, 44.0% of analysts covering Marathon Oil (MRO) stock have “strong buy” or “buy” recommendations for the stock. As of September 1, according to Reuters, a total of 27 analysts provided recommendations for MRO. Of those, five analysts have “strong buy” ratings, seven have “buy” ratings, 13 have “hold” ratings, and two have “sell” ratings for MRO. There is no “strong sell” recommendation for the stock.
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The above-mentioned Wall Street analysts have a median target price of $16 for MRO stock, which is ~42.0% higher than the stock’s September 1, 2017, closing price of $11.27.
The mean target price for MRO stock from these recommendations is $16.31, which is ~2.0% higher than the median target price.
In the last month, analysts’ “hold” recommendations for Marathon Oil have fallen from 14 to 13. The “strong buy,” “buy,” “sell,” and “strong sell” recommendations have remained unchanged.
In the last month, Marathon Oil’s median target price remained unchanged, whereas its mean target price has fallen. MRO’s median target price has remained unchanged at $16, whereas its mean target price has fallen from $16.33 to $16.31.
In the most recent target price change, Jefferies cut its target price for MRO to $12.
Other upstream companies
Based on the mean targets of recommendations from Wall Street analysts, Devon Energy (DVN) and Pioneer Natural Resources (PXD) have potential upsides of ~32.0% and ~44.0%, respectively, from their September 1, 2017, closing prices. RSP Permian (RSPP) has the potential upside of ~45.0%. RSP Permian, Devon Energy, and Pioneer Natural Resources all have operations in the Permian Basin. The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) generally invests at least 80.0% of its total assets in oil and gas exploration companies.