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Marathon Oil (MRO) Stock Forecast & Price Target

$28.45
-0.16 (-0.56%)
(As of 07/12/2024 ET)

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

Consensus Price Target

$31.97
12.38% Upside
High Forecast$36.00
Average Forecast$31.97
Low Forecast$27.00
TypeCurrent Forecast
7/14/23 to 7/13/24
1 Month Ago
6/14/23 to 6/13/24
3 Months Ago
4/15/23 to 4/14/24
1 Year Ago
7/14/22 to 7/14/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
9 Buy rating(s)
10 Buy rating(s)
11 Buy rating(s)
11 Buy rating(s)
Hold
7 Hold rating(s)
6 Hold rating(s)
4 Hold rating(s)
4 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$31.97$32.86$32.61$32.29
Forecasted Upside12.38% Upside21.57% Upside23.29% Upside30.06% Upside
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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.
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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.
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Marathon Oil Stock vs. The Competition

TypeMarathon OilOils/Energy CompaniesS&P 500
Consensus Rating Score
2.65
2.57
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside12.38% Upside303.16% Upside9.18% Upside
News Sentiment RatingNeutral News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/12/2024Scotiabank
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P. Cheng
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DowngradeSector Outperform ➝ Sector Perform$45.00 ➝ $29.00+1.36%
6/5/2024Capital One Financial
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P. Johnston
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DowngradeStrong-Buy ➝ Hold
6/5/2024Mizuho
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 Boost TargetNeutral ➝ Neutral$33.00 ➝ $34.00+21.86%
5/31/2024Wells Fargo & Company
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 Reiterated RatingOverweight ➝ Equal Weight$38.00 ➝ $29.00+1.61%
5/6/2024Truist Financial
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 Lower TargetBuy ➝ Buy$36.00 ➝ $35.00+31.73%
5/3/2024Benchmark
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 Reiterated RatingBuy ➝ Buy$32.00+21.67%
4/22/2024Susquehanna
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 Reiterated RatingPositive ➝ Positive$33.00+19.09%
4/19/2024Piper Sandler
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 Boost TargetOverweight ➝ Overweight$32.00 ➝ $34.00+23.37%
4/15/2024Morgan Stanley
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 Boost TargetEqual Weight ➝ Equal Weight$26.00 ➝ $27.00-6.96%
4/10/2024Barclays
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 Initiated CoverageOverweight$35.00+19.49%
3/26/2024The Goldman Sachs Group
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 Boost TargetNeutral ➝ Neutral$26.50 ➝ $30.00+8.97%
3/22/2024Stifel Nicolaus
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 Lower TargetBuy ➝ Buy$39.00 ➝ $36.00+32.45%
3/14/2024Argus
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 UpgradeHold ➝ Buy$31.00+19.69%
3/6/2024UBS Group
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 Lower TargetNeutral ➝ Neutral$28.00 ➝ $27.00+9.22%
3/5/2024Royal Bank of Canada
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 Reiterated RatingOutperform ➝ Outperform$33.00+34.80%
1/24/2024Raymond James
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 Lower TargetStrong-Buy ➝ Strong-Buy$35.00 ➝ $32.00+41.78%
10/18/2023Citigroup
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 Boost TargetBuy ➝ Buy$31.00 ➝ $32.50+12.53%
10/11/2023JPMorgan Chase & Co.
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 Lower Target$37.00 ➝ $36.00+37.25%
9/27/2023Bank of America
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 Boost Target$28.00 ➝ $30.00+14.11%
5/15/2023Jefferies Financial Group
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 Lower Target$29.00 ➝ $25.00+11.66%
1/5/2023Evercore ISI
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 Initiated CoverageOutperform
11/3/2022Credit Suisse Group
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 Boost TargetNeutral$30.00 ➝ $32.00+1.56%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 05:39 PM ET.

MRO Forecast - Frequently Asked Questions

What is Marathon Oil's forecast for 2024?

According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for Marathon Oil is $31.97, with a high forecast of $36.00 and a low forecast of $27.00.

Should I buy or sell Marathon Oil stock right now?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marathon Oil in the last year. There are currently 7 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MRO shares.

Does Marathon Oil's stock price have much upside?

According to analysts, Marathon Oil's stock has a predicted upside of 18.41% based on their 12-month stock forecasts.

Has Marathon Oil been downgraded by Wall Street analysts recently?

Over the previous 90 days, Marathon Oil's stock had 2 downgrades by analysts.

What analysts cover Marathon Oil?

Marathon Oil has been rated by research analysts at Benchmark, Capital One Financial, Mizuho, Morgan Stanley, Piper Sandler, Scotiabank, Susquehanna, Truist Financial, and Wells Fargo & Company in the past 90 days.

Do Wall Street analysts like Marathon Oil more than its competitors?

Analysts like Marathon Oil more than other "oils/energy" companies. The consensus rating score for Marathon Oil is 2.65 while the average consensus rating score for "oils/energy" companies is 2.57. Learn more on how MRO compares to other companies.


This page (NYSE:MRO) was last updated on 7/13/2024 by MarketBeat.com Staff

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