How Wall Street Viewed Marathon Oil September 8



Analysts’ recommendations for Marathon Oil

As of September 8, 2017, ~44.5% of the analysts covering Marathon Oil (MRO) have “strong buy” or “buy” recommendations on the stock. As of September 8, Reuters reported that 27 analysts gave recommendations for Marathon Oil. Five analysts gave a “strong buy,” seven analysts gave a “buy,” 13 analysts gave a “hold,” and two analysts gave a “sell” recommendation for Marathon Oil. There weren’t any “strong sell” recommendations on the stock.

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Median target price

The median target price on Marathon Oil stock is $16.00, which is ~39% higher than its closing price of $11.49 on September 8, 2017.

Analysts’ recommendation changes

In the last three months, the number of analysts that gave “buy” recommendations on Marathon Oil stock fell from eight to seven. The number of “hold” recommendations fell from 15 to 13, while the number of “sell” recommendations rose from one to two. The number of “strong buy” and “strong sell” ratings didn’t change.

In the past three months, Marathon Oil’s median target price fell from $19.00 to $16.00.

Other oil and gas producers

Based on the mean target prices and recommendations from Wall Street analysts, upstream companies Devon Energy (DVN) and Pioneer Natural Resources (PXD) have potential upsides of ~26% and ~41%, respectively, from their closing prices on September 8. RSP Permian (RSPP) has a potential upside of ~45%. RSP Permian, Devon Energy, and Pioneer Natural Resources all have operations in the Permian Basin.


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