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Fly News Breaks for November 6, 2015
News For CXO;MRO From the Last 2 Days
MRO
Apr 17, 2024 | 07:05 EDT
Wells Fargo analyst Roger Read raised the firm's price target on Marathon Oil to $39 from $36 and keeps an Overweight rating on the shares. Based on robust operational momentum, the firm sees potential upside to FY24 U.S. onshore oil production estimate, translating to another year of higher-than-expected U.S. supply growth. Continued D&C efficiency improvements, incremental cost deflation, and a focus on high grading should combine to create positive momentum throughout 2024, Wells adds. Marathon remains the firm's top pick of oil-weighted E&Ps.
