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Marathon Oil Corp has a consensus price target of $31 based on the ratings of 21 analysts. The high is $37 issued by Susquehanna on September 4, 2024. The low is $25 issued by Jefferies on May 15, 2023. The 3 most-recent analyst ratings were released by Scotiabank, Barclays, and Wells Fargo on October 10, 2024, October 3, 2024, and October 1, 2024, respectively. With an average price target of $29.67 between Scotiabank, Barclays, and Wells Fargo, there's an implied 3.55% upside for Marathon Oil Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Marathon Oil (NYSE:MRO) was reported by Scotiabank on October 10, 2024. The analyst firm set a price target for $28.00 expecting MRO to fall to within 12 months (a possible -2.27% downside). 44 analyst firms have reported ratings in the last year.
The latest analyst rating for Marathon Oil (NYSE:MRO) was provided by Scotiabank, and Marathon Oil maintained their sector perform rating.
The last upgrade for Marathon Oil Corp happened on March 14, 2024 when Argus Research raised their price target to $31. Argus Research previously had a hold for Marathon Oil Corp.
The last downgrade for Marathon Oil Corp happened on July 17, 2024 when JP Morgan changed their price target from N/A to $33 for Marathon Oil Corp.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Marathon Oil, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Marathon Oil was filed on October 10, 2024 so you should expect the next rating to be made available sometime around October 10, 2025.
While ratings are subjective and will change, the latest Marathon Oil (MRO) rating was a maintained with a price target of $27.61 to $28.00. The current price Marathon Oil (MRO) is trading at is $28.65, which is out of the analyst’s predicted range.
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