20 Jul

Marathon Oil: Pre-Earnings Wall Street Ratings

WRITTEN BY Nicholas Chapman

Analyst recommendations for Marathon Oil

As of July 19, Reuters reported that 26 analysts are covering Marathon Oil (MRO) stock. About 19% of them have given MRO a “strong buy,” and 42% have rated it a “buy.” About 39% of the analysts have recommended a “hold.” There are no “sell” or “strong sell” recommendations for the stock.

Marathon Oil: Pre-Earnings Wall Street Ratings

MRO’s median target price

The median target price on Marathon Oil stock is $23.50, which is ~14% higher than its July 19 closing price of $20.54. The highest target price for MRO is $29, and the lowest target price is $9.

In the last three months, Marathon Oil’s median target price has increased from $21 to $23.50.

Other oil and gas producers

Based on the median price targets from Wall Street analysts, oil and gas companies Range Resources (RRC) and Consol Energy (CNX) have potential upsides of 30% and 22%, respectively, from their July 19 closing prices. Encana (ECA) has a potential upside of 32%.

Latest articles

US crude oil production has more than doubled since 2009 and grew by 1.1% over the last year. Currently, there are 133 operable refineries in the US.

The cannabis industry is fighting against the ongoing US-China trade war and recessionary worries, which have hurt valuations across the global market.

Higher revenues, increased ticket prices, and lower fuel costs are likely to drive American Airlines' Q3 earnings higher despite its Boeing MAX woes.

HEXO plans to report its Q4 earnings before the market opens on October 24. October has been tough for Hexo, with its stock falling 31.2% as of October 18.

Today, Advanced Micro Devices (AMD) rose 4% to over $32, making it one of the top Nasdaq gainers. Morgan Stanley raised its price target for AMD stock.

Early in 2019, President Donald Trump warned that China could overtake the US as a global power. He vowed that this would not happen under his leadership.