Wall Street analyst ratings for Marathon Oil
Currently, ~54% of Wall Street analysts rate Marathon Oil (MRO) as a “buy” and ~43% of analysts rate it as a “hold.” Around 3% rate the stock a “sell.” The median price target for these recommendations is $18.14, which is ~35% higher than the August 3, 2016, closing price of $13.42.
Based on the median price targets of recommendations from Wall Street analysts, upstream companies Carrizo Oil & Gas (CRZO), Gulfport Energy (GPOR), and Parsley Energy (PE) have potential upsides of ~36%, ~24%, and ~14%, respectively, from their August 3 closing prices.
The SPDR S&P Oil and Gas Exploration & Production ETF (XOP) generally invests at least 80% of its total assets in oil and gas exploration companies, whereas the Vanguard Energy ETF (VDE) invests in the broader energy market.
Marathon Oil’s individual recommendations
As shown in the above table, the most recent recommendation of “overweight/attractive” comes from Morgan Stanley, issued on August 4, 2016. Morgan Stanley assigned Marathon Oil a target price of $21, which is ~56% higher than the August 3, 2016, closing price of $13.42. Morgan Stanley expects the target price to be reached within 12 months of the date of recommendation.
Barclays assigned Marathon Oil the lowest target price, $14, which is ~4% higher than the August 3, 2016, closing price of $13.42. Barclays reiterated its recommendation for MRO on August 3. Barclays did not indicate any target date for the target price.