In a report released today, Devin McDermott from Morgan Stanley maintained a Hold rating on Marathon Oil (MRO), with a price target of $15.00. The company’s shares closed last Monday at $11.45, close to its 52-week low of $11.07.
According to TipRanks.com, McDermott is a 3-star analyst with an average return of 3.3% and a 42.0% success rate. McDermott covers the Basic Materials sector, focusing on stocks such as Cheniere Energy Partners LP, Occidental Petroleum, and Cheniere Energy Inc.
Marathon Oil has an analyst consensus of Moderate Buy, with a price target consensus of $18.29, a 57.9% upside from current levels. In a report issued on September 23, Citigroup also initiated coverage with a Hold rating on the stock with a $13.00 price target.
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Marathon Oil’s market cap is currently $9.38B and has a P/E ratio of 9.88. The company has a Price to Book ratio of 0.77.
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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.
