Piper Sandler analyst Mark Lear maintained a Buy rating on Marathon Oil (MRO – Research Report) today and set a price target of $32.00. The company’s shares closed last Friday at $26.51.
According to TipRanks, Lear is a 5-star analyst with an average return of 6.3% and a 58.44% success rate. Lear covers the Energy sector, focusing on stocks such as Civitas Resources, APA, and Coterra Energy.
Currently, the analyst consensus on Marathon Oil is a Moderate Buy with an average price target of $31.76, implying a 19.80% upside from current levels. In a report released on March 13, Argus Research also upgraded the stock to a Buy with a $31.00 price target.
See the top stocks recommended by analysts >>
Based on Marathon Oil’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.51 billion and a net profit of $287 million. In comparison, last year the company earned a revenue of $2.3 billion and had a net profit of $966 million
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Marathon Oil (MRO) Company Description:
Marathon Oil Corp. engages in the exploration, production, and marketing of liquid hydrocarbons and natural gas. It operates through the following two segments: United States (U. S.) and International. The U. S. segment engages in oil and gas exploration, development and production activities in the U.S. The International segment engages in oil and gas development and production across international locations primarily in Equatorial Guinea and the United Kingdom. The company was founded in 1887 and is headquartered in Houston, TX.
Read More on MRO:
- Marathon Oil upgraded to Buy at Argus on attractive valuation, ongoing buybacks
- Marathon Oil upgraded to Buy from Hold at Argus
- Marathon Oil price target lowered to $27 from $28 at UBS
- Marathon Oil Announces Executive Leadership Changes
- Marathon Oil announces Rob White to succeed Dane Whitehead as CFO
