Morgan Stanley Lowers Marathon Oil (NYSE:MRO) Price Target to $16.00

Marathon Oil (NYSE:MRO) had its price target reduced by investment analysts at Morgan Stanley from $17.00 to $16.00 in a report issued on Friday, BenzingaRatingsTable reports. The brokerage currently has an “equal weight” rating on the oil and gas producer’s stock. Morgan Stanley’s price target would indicate a potential upside of 14.94% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Barclays set a $325.00 price objective on Align Technology and gave the company a “buy” rating in a report on Thursday, April 11th. Atlantic Securities cut Marathon Oil from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $20.50 to $15.00 in a report on Thursday, June 13th. Zacks Investment Research cut HANNOVER RUECK/S from a “hold” rating to a “sell” rating in a report on Monday, April 22nd. Capital One Financial raised Cimarex Energy from an “equal weight” rating to an “overweight” rating in a report on Thursday, May 23rd. Finally, Seaport Global Securities reissued a “buy” rating on shares of W&T Offshore in a report on Friday, June 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $22.45.

Shares of MRO opened at $13.92 on Friday. The company has a market cap of $11.16 billion, a P/E ratio of 19.61, a PEG ratio of 2.24 and a beta of 2.24. The company has a current ratio of 1.49, a quick ratio of 1.45 and a debt-to-equity ratio of 0.45. The firm’s 50-day simple moving average is $13.71. Marathon Oil has a 12-month low of $12.57 and a 12-month high of $24.20.

Marathon Oil (NYSE:MRO) last issued its quarterly earnings results on Wednesday, May 1st. The oil and gas producer reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.24. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.25 billion. Marathon Oil had a return on equity of 5.80% and a net margin of 15.12%. The company’s revenue for the quarter was down 30.9% on a year-over-year basis. During the same quarter last year, the company posted $0.18 EPS. On average, equities research analysts expect that Marathon Oil will post 0.78 EPS for the current year.

A number of institutional investors have recently made changes to their positions in the business. CoreCommodity Management LLC increased its stake in Marathon Oil by 5.3% in the 4th quarter. CoreCommodity Management LLC now owns 12,719 shares of the oil and gas producer’s stock worth $182,000 after purchasing an additional 644 shares during the period. Bronfman E.L. Rothschild L.P. increased its stake in shares of Marathon Oil by 15.7% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 4,945 shares of the oil and gas producer’s stock valued at $71,000 after buying an additional 671 shares during the period. Renaissance Group LLC increased its stake in shares of Marathon Oil by 8.1% during the first quarter. Renaissance Group LLC now owns 11,647 shares of the oil and gas producer’s stock valued at $195,000 after buying an additional 868 shares during the period. Piedmont Investment Advisors Inc. increased its stake in shares of Marathon Oil by 7.2% during the first quarter. Piedmont Investment Advisors Inc. now owns 13,256 shares of the oil and gas producer’s stock valued at $222,000 after buying an additional 894 shares during the period. Finally, Legacy Bridge LLC increased its stake in shares of Marathon Oil by 11.6% during the first quarter. Legacy Bridge LLC now owns 8,650 shares of the oil and gas producer’s stock valued at $145,000 after buying an additional 900 shares during the period. 81.95% of the stock is currently owned by institutional investors and hedge funds.

Marathon Oil Company Profile

Marathon Oil Corporation operates as an energy company in the United States, Equatorial Guinea, the United Kingdom, and Libya. It operates in two segments, United States and International. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol.

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Analyst Recommendations for Marathon Oil (NYSE:MRO)

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