Marathon Oil Corporation – Consensus Indicates Potential 9.6% Upside

Broker Ratings

Marathon Oil Corporation with ticker code (MRO) have now 26 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 17 and 7 and has a mean target at 12.88. Given that the stocks previous close was at 11.75 this now indicates there is a potential upside of 9.6%. The 50 day MA is 10.99 and the 200 day moving average is 8.1. The company has a market cap of $9,246m. Visit the company website at: http://www.marathonoil.com

Marathon Oil Corporation operates as an independent exploration and production company in the United States and Equatorial Guinea. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol, as well as owns and operates 32 central gathering and treating facilities and the Sugarloaf gathering system, a 42-mile natural gas pipeline through Karnes and Atascosa Counties. As of December 31, 2020, it had estimated proved developed reserves totaling 674 million barrels of oil equivalent (mmboe); and estimated proved undeveloped reserves totaling 298 mmboe. The company was formerly known as USX Corporation and changed its name to Marathon Oil Corporation in July 2001. Marathon Oil Corporation was founded in 1887 and is headquartered in Houston, Texas.

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