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Median and Mean Target Prices Indicate Upside for Marathon Oil

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Wall Street analyst ratings for Marathon Oil

Currently, ~20% of Wall Street analysts rate Marathon Oil (MRO) as a “strong buy,” ~17% rate it as a “buy,” ~60% rate it as a “hold,” and only ~3% rate it as a “sell.” The stock doesn’t have any “strong sell” ratings.

The median target price from these recommendations is $20.00, which is ~15% higher than its January 13, 2017, closing price of $17.45. The mean target price for MRO is $20.10, which is very close to the median target price.

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Ratings and target price changes

In the last one month, the number of analysts recommending a “strong buy” for MRO has risen from five to six, whereas the number of analysts giving a “hold” rating has fallen from 19 to 18. The number of analysts for all other ratings didn’t change.

In the last one month, Marathon Oil’s median and mean target prices have risen. During this time, MRO’s median target price has risen from $19.00 to $20.00, whereas its mean target price has risen from $19.43 to $20.10.

Other oil and gas producers

Based on the median price targets from Wall Street analysts, Carrizo Oil & Gas (CRZO), Gulfport Energy (GPOR), and Parsley Energy (PE) have potential upsides of ~29%, ~68%, and ~18%, respectively, from their January 13 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 ETF ISE-Revere Natural Gas Index Fund (FCG) invests in natural gas producers.

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