Siebert Williams Shank & Co analyst Gabriele Sorbara reiterated a Hold rating on Marathon Oil (MRO) today and set a price target of $12.00. The company’s shares closed last Thursday at $11.43.
According to TipRanks.com, Sorbara has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -5.0% and a 34.1% success rate. Sorbara covers the Utilities sector, focusing on stocks such as Continental Resources, Magnolia Oil & Gas, and Matador Resources.
Currently, the analyst consensus on Marathon Oil is a Hold with an average price target of $12.32, which is a 6.0% upside from current levels. In a report released today, Wolfe Research also maintained a Hold rating on the stock with a $15.00 price target.
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The company has a one-year high of $13.29 and a one-year low of $3.73. Currently, Marathon Oil has an average volume of 24.75M.
Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MRO in relation to earlier this year.
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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.
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