Currently, 30 analysts have provided recommendations on Marathon Oil (MRO). These recommendations include six “strong buys,” six “buys,” 17 “holds,” and one “sell.” There are no “strong sell” recommendations on the stock.
The median target price from the above-mentioned recommendations is $20.00, ~23% higher than the stock’s February 17, 2017, closing price of $16.23.
The mean target price for MRO from these recommendations is $20.59, higher than its median target price.
Have MRO’s recommendations changed since its 4Q16 earnings?
Since its 4Q16 earnings release on February 15, 2017, all MRO’s recommendations have remained unchanged. Its median target price has also remained unchanged, whereas its mean target price has risen from $20.38 to $20.59.
Other oil and gas producers
Based on the mean price targets of recommendations from Wall Street analysts, other oil and gas companies Carrizo Oil & Gas (CRZO), Gulfport Energy (GPOR), and Denbury Resources (DNR) have potential upsides of ~42%, ~60%, and ~5%, respectively, from their February 17 closing prices.
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.
Next, we’ll take a look at the short interest in MRO stock.