Fly News Breaks for October 17, 2016
MRO
Oct 17, 2016 | 05:43 EDT
Barclays analyst Thomas Driscoll downgraded Marathon Oil to Equal Weight in a research note previewing Q3 earnings for the Exploration & Production space. The analyst believes a "growth shortfall" relative to peers could lead to the shares underperforming. Driscoll lowered his price target for the shares to $17 from $18.
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.