Marathon Oil (MRO) Stock Forecast & Price Target

$28.55 0.00 (0.00%)

(As of 11/22/2024)

Marathon Oil - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 18 Analyst Ratings

Sell
0

Hold
9

Buy
9

Based on 18 Wall Street analysts who have issued ratings for Marathon Oil in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 18 analysts, 9 have given a hold rating, 8 have given a buy rating, and 1 has given a strong buy rating for MRO.

Consensus Price Target

$30.94
8.38% Upside

According to the 18 analysts' twelve-month price targets for Marathon Oil, the average price target is $30.94. The highest price target for MRO is $37.00, while the lowest price target for MRO is $27.00. The average price target represents a forecasted upside of 8.38% from the current price of $28.55.

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MRO Analyst Ratings Over Time

Type	Current Forecast 11/27/23 to 11/26/24	1 Month Ago 10/28/23 to 10/27/24	3 Months Ago 8/29/23 to 8/28/24	1 Year Ago 11/27/22 to 11/27/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	8 Buy rating(s)	8 Buy rating(s)	9 Buy rating(s)	11 Buy rating(s)
Hold	9 Hold rating(s)	9 Hold rating(s)	8 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$30.94	$31.12	$32.40	$33.09
Forecasted Upside	8.38% Upside	17.60% Upside	14.59% Upside	30.68% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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MRO Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

MRO Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Marathon Oil Stock vs. The Competition

Type	Marathon Oil	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.56	2.63	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	8.38% Upside	1,673.37% Upside	6.79% Upside
News Sentiment Rating	Positive News See Recent MRO News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/18/2024	Piper Sandler 2 of 5 stars		Lower Target	Overweight ➝ Overweight	$37.00 ➝ $34.00	+17.61%
10/10/2024	Scotiabank 5 of 5 stars	P. Cheng Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Sector Perform ➝ Sector Perform	$27.61 ➝ $28.00	-1.65%
10/3/2024	Barclays 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$35.00 ➝ $34.00	+20.23%
10/1/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$29.00 ➝ $27.00	-2.10%
9/30/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$35.00 ➝ $27.00	+1.77%
9/18/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$30.00 ➝ $28.00	+2.30%
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9/16/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$34.00 ➝ $32.00	+20.57%
9/12/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$33.00 ➝ $30.00	+15.21%
9/5/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$29.00 ➝ $28.00	+2.94%
9/4/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Positive ➝ Positive	$39.00 ➝ $37.00	+32.81%
6/5/2024	Capital One Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Johnston Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
5/3/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$32.00	+21.67%
4/15/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$26.00 ➝ $27.00	-6.96%
3/26/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$26.50 ➝ $30.00	+8.97%
3/22/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$39.00 ➝ $36.00	+32.45%
3/14/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$31.00	+19.69%
3/5/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$33.00	+34.80%
1/24/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Strong-Buy ➝ Strong-Buy	$35.00 ➝ $32.00	+41.78%
9/27/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$28.00 ➝ $30.00	+14.11%
5/15/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$29.00 ➝ $25.00	+11.66%
1/5/2023	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 07:33 PM ET.

Should I Buy Marathon Oil Stock? MRO Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, November 21, 2024. Please send any questions or comments about these Marathon Oil pros and cons to contact@marketbeat.com.

Marathon Oil
Bull Case

Here are some ways that investors could benefit from investing in Marathon Oil Co.:

The stock price recently increased by 6.2%, reaching $27.70, indicating positive market sentiment and potential for further growth.
Marathon Oil Co. has a strong institutional ownership of 77.24%, suggesting confidence from large investors in the company's future performance.
Analysts have given the stock an average rating of "Moderate Buy" with a target price of $31.12, indicating potential upside based on current valuations.
Recent insider transactions show that executives are actively managing their holdings, with VP Michael A. Henderson and insider Dane E. Whitehead selling shares but still maintaining significant ownership, which can reflect confidence in the company's prospects.
The company has a relatively low debt-to-equity ratio of 0.41, indicating a manageable level of debt compared to equity, which can be a sign of financial stability.

Marathon Oil
Bear Case

Investors should be bearish about investing in Marathon Oil Co. for these reasons:

Recent price target reductions by analysts, such as Barclays lowering their target from $35.00 to $34.00, may indicate concerns about future performance and profitability.
The company's current ratio of 0.57 suggests potential liquidity issues, meaning it may struggle to cover short-term liabilities with its current assets.
Despite the recent stock price increase, the overall market volatility, indicated by a beta of 2.16, suggests that the stock may experience significant price fluctuations, which can be risky for investors.
Insider ownership is relatively low at 0.35%, which may raise concerns about alignment of interests between management and shareholders.
Analysts have mixed ratings, with nine holding a "buy" rating and nine a "hold" rating, indicating uncertainty about the stock's future performance.

MRO Forecast - Frequently Asked Questions

: According to the research reports of 18 Wall Street equities research analysts, the average twelve-month stock price forecast for Marathon Oil is $30.94, with a high forecast of $37.00 and a low forecast of $27.00.
: 18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Marathon Oil in the last twelve months. There are currently 9 hold ratings, 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MRO shares.
: According to analysts, Marathon Oil's stock has a predicted upside of 8.38% based on their 12-month stock forecasts.
: Marathon Oil has been rated by research analysts at Barclays, Citigroup, JPMorgan Chase & Co., Mizuho, Piper Sandler, Scotiabank, Susquehanna, Truist Financial, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Marathon Oil less than other "oils/energy" companies. The consensus rating score for Marathon Oil is 2.56 while the average consensus rating score for "oils/energy" companies is 2.63. Learn more on how MRO compares to other companies.

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This page (NYSE:MRO) was last updated on 11/26/2024 by MarketBeat.com Staff

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Marathon Oil (MRO) Stock Forecast & Price Target