Raymond James analyst Pavel Molchanov maintained a Buy rating on Marathon Oil (NYSE: MRO) on August 8 and set a price target of $25. The company’s shares opened today at $20.29.
According to TipRanks.com, Molchanov is a 4-star analyst with an average return of 7.4% and a 59.8% success rate. Molchanov covers the Basic Materials sector, focusing on stocks such as Petroleo Brasileiro SA- Petrobras, Evoqua Water Technologies Corp, and Occidental Petroleum.
Currently, the analyst consensus on Marathon Oil is a Moderate Buy with an average price target of $24.44.
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Based on Marathon Oil’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.45 billion and net profit of $96 million. In comparison, last year the company earned revenue of $937 million and had a GAAP net loss of $96 million.
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2018, Patrick Wagner, the EVP, Corporate Development and Strategy of MRO sold 53,333 shares for a total of $1,130,126.
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Marathon Oil Corp. engages in the exploration, production, and marketing of liquid hydrocarbons and natural gas. It operates through the United States Exploration and Production; and International Exploration and Production geographical segments.
