Information Provided By:
Fly News Breaks for March 10, 2017
MRO
Mar 10, 2017 | 06:24 EDT
FBR Capital analyst Chad Mabry started Marathon Oil with an Outperform rating and $22 price target.
News For MRO From the Last 2 Days
MRO
Mar 28, 2024 | 09:26 EDT
Morgan Stanley raised the firm's price target on Marathon Oil to $26 from $24 and keeps an Equal Weight rating on the shares. The energy sector is experiencing an improving macro backdrop, which has led to a catch-up trend experience in energy stocks, the analyst tells investors. With valuations still 2x the historic discount vs S&P, strong free-cash-flow yields, and positive earnings revisions, the firm sees a path to further outperformance.