In a report released yesterday, Stephen Richardson from Evercore ISI maintained a Hold rating on Marathon Oil (MRO), with a price target of $21. The company’s shares opened today at $12.60, close to its 52-week low of $11.56.
Richardson observed:
“We played the rate of change trade (In-line rating) but respect the track record of execution and simplicity of value proposition MRO is proposing.”
According to TipRanks.com, Richardson is a 1-star analyst with an average return of -3.9% and a 38.6% success rate. Richardson covers the Basic Materials sector, focusing on stocks such as Oasis Petroleum Inc, Southwestern Energy, and Viper Energy.
Currently, the analyst consensus on Marathon Oil is a Moderate Buy with an average price target of $18.33.
See today’s analyst top recommended stocks >>
The company has a one-year high of $24.20 and a one-year low of $11.56. Currently, Marathon Oil has an average volume of 10.72M.
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 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.
