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Fly News Breaks for June 21, 2016
MRO
Jun 21, 2016 | 07:48 EDT
As previously reported, Morgan Stanley upgraded Marathon Oil to Overweight from Equal Weight and raised its price target to $21 from $18. Analyst Evan Calio upgraded shares citing higher oil price leverage and portfolio improvements, highlighted by the PayRock Energy acquisition.
News For 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.
