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Fly News Breaks for March 10, 2017
MRO
Mar 10, 2017 | 06:03 EDT
Susquehanna analyst Biju Perincheril upgraded Marathon Oil to Positive and maintained a $19 price target following its entrance into the Permian. The $1.1B acquisition of 71K net Permian acres and its oil sands unit sale is another step in the right direction to address the depth of economic inventory at current commodity prices, the analyst wrote.
News For MRO From the Last 2 Days
MRO
Apr 19, 2024 | 07:28 EDT
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.
