Marathon Oil (MRO) Initiated with a Hold at Siebert Williams Shank & Co
Siebert Williams Shank & Co analyst Gabriele Sorbara initiated coverage with a Hold rating on Marathon Oil (MRO) today and set a price target of $5.50. The company’s shares closed last Thursday at $3.95.
According to TipRanks.com, Sorbara has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -23.4% and a 22.5% success rate. Sorbara covers the Utilities sector, focusing on stocks such as Continental Resources, Matador Resources, and Concho Resources.
Marathon Oil has an analyst consensus of Hold, with a price target consensus of $6.72.
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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 $420 million and GAAP net loss of $750 million. In comparison, last year the company earned revenue of $1.4 billion and had a net profit of $161 million.
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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.