Vetr Inc. announced Marathon Oil Corporation (NYSE:MRO), bumping up its stock price target to $16.75 today
- Updated: November 30, 2016
Just yesterday Marathon Oil Corporation (NYSE:MRO) traded 20.80% higher at $17.29. Marathon Oil Corporation’s 50-day moving average is $14.85 and its 200-day moving average is $14.62. The last closing price is up 23.56% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. 74,592,364 shares of MRO traded hands, up from an average trading volume of 17,792,400
In a report released on Wednesday November 30, 2016 Vetr Inc. increased the stock price target of Marathon Oil Corporation (NYSE:MRO) to $16.75 reporting a possible downside of -0.03%.
Previously on 11/28/2016, 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 0.02%.
Recent Performance Chart
Marathon Oil Corporation has 52 week low of $6.52 and a 52 week high of $18.55 and has a market capitalization of $0.
In addition to Vetr Inc. reporting its stock price target, a total of 24 brokers have issued a research note on the company. The average stock price target is $17.52 with 3 brokers rating the stock a strong buy, 8 brokers rating the stock a buy, 14 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 1 broker rating the stock a sell.
Brief Synopsis On 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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