Marathon Oil (NYSE:MRO) Price Target Lowered to $16.00 at Morgan Stanley

Marathon Oil (NYSE:MRO) had its price target reduced by Morgan Stanley from $17.00 to $16.00 in a report released on Friday, BenzingaRatingsTable reports. They currently have an equal weight rating on the oil and gas producer’s stock.

Several other research firms have also issued reports on MRO. TheStreet lowered Upland Software from a b- rating to a c+ rating in a report on Wednesday, July 10th. Royal Bank of Canada assumed coverage on Robert Half International in a report on Tuesday, April 16th. They set a sector perform rating for the company. Atlantic Securities lowered Marathon Oil from an overweight rating to a neutral rating and cut their price target for the company from $20.50 to $15.00 in a report on Thursday, June 13th. ValuEngine lowered Zumiez from a hold rating to a sell rating in a report on Tuesday, July 2nd. Finally, Barclays set a $325.00 price target on Align Technology and gave the company a buy rating in a report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $22.45.

Shares of MRO opened at $13.48 on Friday. The company has a quick ratio of 1.45, a current ratio of 1.49 and a debt-to-equity ratio of 0.45. Marathon Oil has a one year low of $12.57 and a one year high of $24.20. The company has a market capitalization of $11.32 billion, a price-to-earnings ratio of 18.99, a P/E/G ratio of 2.28 and a beta of 2.24. The business has a fifty day moving average price of $13.67.



Marathon Oil (NYSE:MRO) last issued its quarterly earnings data on Wednesday, May 1st. The oil and gas producer reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.24. Marathon Oil had a return on equity of 5.80% and a net margin of 15.12%. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the previous year, the company posted $0.18 earnings per share. Marathon Oil’s revenue was down 30.9% compared to the same quarter last year. On average, research analysts anticipate that Marathon Oil will post 0.78 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. Executive Wealth Management LLC purchased a new stake in shares of Marathon Oil in the fourth quarter worth about $27,000. Semmax Financial Advisors Inc. lifted its position in shares of Marathon Oil by 181.1% in the first quarter. Semmax Financial Advisors Inc. now owns 1,855 shares of the oil and gas producer’s stock worth $31,000 after buying an additional 1,195 shares in the last quarter. Meridian Wealth Management LLC purchased a new stake in shares of Marathon Oil in the first quarter worth about $33,000. Osborn Williams & Donohoe LLC purchased a new stake in shares of Marathon Oil in the first quarter worth about $34,000. Finally, Pinnacle Bank purchased a new stake in shares of Marathon Oil in the fourth quarter worth about $42,000. Institutional investors and hedge funds own 81.95% of the company’s stock.

Marathon Oil Company Profile

Marathon Oil Corporation operates as an energy company in the United States, Equatorial Guinea, the United Kingdom, and Libya. It operates in two segments, United States and International. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol.

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