Marathon Oil (MRO) Gets a Sell Rating from Morgan Stanley
In a report issued on July 8, Devin McDermott from Morgan Stanley maintained a Sell rating on Marathon Oil (MRO). The company’s shares closed last Friday at $5.35.
According to TipRanks.com, McDermott ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -7.9% and a 35.6% success rate. McDermott covers the Utilities sector, focusing on stocks such as Continental Resources, Occidental Petroleum, and Concho Resources.
Currently, the analyst consensus on Marathon Oil is a Hold with an average price target of $7.10.
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The company has a one-year high of $14.39 and a one-year low of $3.02. Currently, Marathon Oil has an average volume of 39.48M.
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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.