Equities research analysts at Deutsche Bank (NYSE: DB) initiated coverage on shares of Marathon Oil Co. (NYSE: MRO) in a research note to investors on Friday. The analysts set a "buy" rating and a $56.00 price target on the stock.
Separately, analysts at UBS AG (NYSE: UBS) cut their price target on shares of Marathon Oil Co. from $60.00 to $40.00 in a research note to investors on Friday. They now have a "buy" rating on the stock. Also, analysts at Oppenheimer (NYSE: OPY) cut their price target on shares of Marathon Oil Co. from $62.00 to $40.00 in a research note to investors on Thursday. They now have an "outperform" rating on the stock.
Shares of Marathon Oil Co. traded up 2.19% during mid-day trading on Monday, hitting $32.68. Marathon Oil Co. has a 52 week low of $30.04 and a 52 week high of $54.33. The stock's 50-day moving average is $51.43 and its 200-day moving average is $47.9. The company has a market cap of $23.271 billion and a price-to-earnings ratio of 7.33.
Marathon Oil Co. last announced its quarterly results on Tuesday, May 3rd. The company reported $1.65 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $1.44 EPS by $0.21. During the same quarter in the prior year, the company posted $0.44 earnings per share. On average, analysts predict that Marathon Oil Co. will post $1.60 EPS next quarter.
Marathon Oil Corporation is engaged in the exploration, production and marketing of liquid hydrocarbons and natural gas; oil sands mining and bitumen upgrading in Canada; refining, marketing and transportation of crude oil and petroleum products, and marketing and transportation of products manufactured from natural gas. The Company’s operates in four segments: exploration and production (E&P), which explores for, produces and markets liquid hydrocarbons and natural gas worldwide; Oil Sands Mining (OSM), which is engaged in mining, extraction and transportation of bitumen from oil sands deposits in Alberta, Canada, and upgrades the bitumen to produce and market synthetic crude oil and vacuum gas oil; integrated gas (IG), which markets and transports products manufactured from natural gas, such as liquefied natural gas (LNG) and methanol, and refining, marketing and transportation (RM&T), which refines, transports and markets crude oil and petroleum products.
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