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Fly News Breaks for October 1, 2018
MRO
Oct 1, 2018 | 07:22 EDT
JPMorgan analyst Arun Jayaram raised his price target for Marathon Oil to $27 after performing a deep dive analysis on the company's key Bakken and Eagle Ford assets. The analyst believes it is still premature to book profits following recent share gains as he believes the combination of a "still discounted" valuation, "strong" operating momentum, and "robust" free cash flow generation supports further outperformance from here. He keeps an Overweight rating on shares of Marathon Oil.
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.