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What Wall Street Analysts Are Saying about Marathon Oil

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Recommendations

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.

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Target price

The median target price from the above-mentioned analysts’ recommendations is $20.00, ~21% higher than the stock’s March 6, 2017, closing price of $16.47. The mean target price for MRO is $20.72, higher than its median target price.

How MRO’s recommendations have changed in 2017

In the first nine weeks of 2017, analysts’ “strong buy” recommendations for MRO rose from five to six, their “buy” ratings rose from five to six, and their “hold” ratings fell from 19 to 17. The stock’s “sell” and “strong sell” ratings remained unchanged.

In the first nine weeks of 2017, Marathon Oil’s median target price remained unchanged, whereas its mean target price rose from $19.78 to $20.72.

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 ~46%, ~76%, and ~22%, respectively, compared to their March 6 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.

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