Marathon Oil Corporation (NYSE:MRO) target price raised to $16.67, reported today by Vetr Inc.
- Updated: November 28, 2016
Marathon Oil Corporation (NYSE:MRO) had its stock price target increased to $16.67 by Vetr Inc. in a report issued Monday November 28, 2016. The updated stock price target implies a possible upside of 0.02% based on the company's previous closing price.
Previously on 11/21/2016, Vetr Inc. reported on Marathon Oil Corporation (NYSE:MRO) increased the target price from $0.00 to $16.67. At the time, this indicated a possible upside of 0.07%.
Yesterday Marathon Oil Corporation (NYSE:MRO) traded -4.55% lower at $16.28. The company’s 50-day moving average is $14.78 and its 200-day moving average is $14.52. The last closing price is up 7.06% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 20,077,625 shares of the stock were exchanged, up from an average trading volume of 16,628,700
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Marathon Oil Corporation has a 52 week low of $6.52 and a 52 week high of $17.86 The company’s market cap is currently $0.
In addition to Vetr Inc. reporting its target price, a total of 24 brokers have issued a report on the stock. The consensus target price is $17.52 with 3 brokerages rating the company a strong buy, eight brokerages rating the company a buy, fourteen brokerages rating the company a hold, one brokerage rating the company a underperform, and lastly one brokerage rating the company a sell.
General Company Details For Marathon Oil Corporation (NYSE:MRO)
Marathon Oil Corporation is an exploration and production company with operations in North America, Europe and Africa. The Company operates through three segments: North America E&P segment, which explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in North America; International E&P segment , which explores for, produces and markets crude oil and condensate, NGLs and natural gas outside of North America, and produces and markets products manufactured from natural gas, such as liquefied natural gas (LNG) and methanol, in Equatorial Guinea, and Oil Sands Mining segment, which mines, extracts and transports bitumen from oil sands deposits in Alberta, Canada, and upgrades the bitumen to produce and market synthetic crude oil and vacuum gas oil. The Company holds working interest in the South, Central, North and West Brae fields, and working interest in the East Brae field.
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