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Wall Street’s Pre-Earnings Ratings for Marathon Oil

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Recommendations

On April 26, 2016, 29 analysts provide recommendations on Marathon Oil (MRO), including seven “strong buy,” seven “buy,” 14 “hold,” and one “sell.” There are no “strong sell” recommendations for the stock.

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Target price

Marathon Oil’s (MRO) median target price from its analyst recommendations is $20.00, which is ~31% higher than the company’s April 26, 2017, closing price of $15.31.

The mean target price for MRO from these recommendations is $20.23, which is slightly higher than the median target price.

How MRO’s recommendations have changed in the last three months

In the last three months, the “strong buy” recommendations for MRO have risen from six to seven. Its “buy” recommendations have risen from five to seven, and its “hold” recommendations for MRO have fallen from 18 to 14. The recommendations with “sell” and “strong sell” ratings have remained unchanged.

In the last three months, Marathon Oil’s median price target has remained unchanged, but MRO’s mean target price has fallen. MRO’s mean target price has fallen from $20.28 to $20.23.

Other oil and gas producers

Based on the mean price targets of recommendations from Wall Street analysts, oil and gas companies like Carrizo Oil & Gas (CRZO) and Gulfport Energy (GPOR) have potential upsides of ~67% and ~62%, respectively, from their April 26 closing prices. Denbury Resources (DNR) has a potential upside of ~22%.

The SPDR S&P Oil and Gas Exploration & Production ETF (XOP) typically invests at least 80% of its total assets in oil and gas exploration companies. The Energy Select Sector SPDR ETF (XLE) invests at least 95% of its total assets in oil and gas companies.

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