In a report released yesterday, Gabriele Sorbara from Siebert Williams Shank & Co reiterated a Buy rating on Marathon Oil (MRO – Research Report), with a price target of $11.00. The company’s shares closed last Tuesday at $11.16, close to its 52-week high of $11.30.
According to TipRanks.com, Sorbara is ranked 0 out of 5 stars with an average return of -10.9% and a 32.9% success rate. Sorbara covers the Utilities sector, focusing on stocks such as Continental Resources, Matador Resources, and Laredo Petroleum.
Currently, the analyst consensus on Marathon Oil is a Moderate Buy with an average price target of $9.46, a -8.2% downside from current levels. In a report issued on February 22, Raymond James also maintained a Buy rating on the stock.
Based on Marathon Oil’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $761 million and GAAP net loss of $317 million. In comparison, last year the company earned revenue of $1.23 billion and had a GAAP net loss of $20 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.