ANKARA: Analysts at Credit Suisse Group AG increased their price objective on shares of Marathon Oil (NYSE:MRO) from $32.00 to $36.00 in a research report issued to clients and investors on Monday. The firm currently has an “outperform” rating on the stock. Credit Suisse Group AG’s price target suggests a potential upside of 18.69% from the company’s current price.
Marathon Oil (NYSE:MRO) traded up 0.86% during mid-day trading on Monday, hitting $30.59. The stock had a trading volume of 1,486,189 shares. Marathon Oil has a 1-year low of $24.28 and a 1-year high of $41.92. The stock’s 50-day moving average is $27. and its 200-day moving average is $29.. The company has a market cap of $20.65 billion and a P/E ratio of 6.86.
Marathon Oil (NYSE:MRO) last announced its earnings results on Wednesday, February 18th. The company reported ($0.13) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.04 by $0.17. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the prior year, the company posted $0.60 earnings per share. The company’s quarterly revenue was down 16.0% on a year-over-year basis. Analysts expect that Marathon Oil will post $-1.22 EPS for the current fiscal year.
MRO has been the subject of a number of other recent research reports. Analysts at Deutsche Bank raised their price target on shares of Marathon Oil from $34.00 to $37.00 and gave the company a “buy” rating in a research note on Thursday. Analysts at Nomura initiated coverage on shares of Marathon Oil in a research note on Wednesday, April 22nd.
They set a “buy” rating and a $36.00 price target on the stock. Analysts at Morgan Stanley upgraded shares of Marathon Oil from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $25.00 to $37.00 in a research note on Monday, April 20th. They noted that the move was a valuation call. Finally, analysts at Bank of America upgraded shares of Marathon Oil from a “neutral” rating to a “buy” rating and raised their price target for the stock from $36.00 to $80.00 in a research note on Monday, April 13th.
One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $36.50.
