Analyst recommendations for Marathon Oil
Of the 27 analysts covering Marathon Oil as of November 24, 2017, 14.8% have “strong buy” recommendations, 29.6% have “buy” recommendations, and 48.2% have “hold” recommendations. 7.4% of the analysts gave “sell” ratings, and none of the analysts recommended a “strong sell.”
MRO’s median target price
The median target price on Marathon Oil’ stock is $17.00, which is ~12% higher than its November 24, 2017, closing price of $15.13.
Wall Street analyst target price changes for MRO
In November, Marathon Oil stock’s median target price has risen from $16.00 to $17.00. The most recent target price change on MRO stock came from Barclays on November 20, 2017. Barclays increased the target price from $14.00 to $15.00, which is ~1% lower than the November 24, 2017, closing price of $15.13.
Susquehanna assigned Marathon Oil the target price of $19, which is ~26% higher than the November 24, 2017, closing price of $15.13. Susquehanna issued its recommendation on November 13 and increased its target price on MRO from $18.00 to $19.00.
On November 10, Citigroup also raised its target price on MRO from $14.00 to $16.50.
Other oil and gas producers
Based on the median price targets from Wall Street analysts, Diamondback Energy (FANG) and CONSOL Energy (CNX) have potential upsides of ~16% and ~23%, respectively, from their November 24 closing prices. Southwestern Energy (SWN) has a potential upside of ~36%. CNX and SWN are part of the SPDR S&P Midcap 400 ETF (MDY).