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(NYSE: MRO) RBC Capital Maintains Their Buy Rating on Marathon Oil

Marathon Oil (NYSE: MRO) was given a Buy recommendation by RBC Capital analysts yesterday, with a price objective of $30.00. The stock closed at $26.27 on Tuesday, close to its 52-week high of $26.40.

Hanold focuses on stocks like Centennial Resource Development, Whiting Petroleum Corporation, and California Resources Corp. in the Utilities sector.

Marathon Oil is currently rated a Moderate Buy by analysts, with an average price target of $30.43, meaning a 17.9% upside from current levels. Mizuho Securities maintained a Buy rating on the stock with a $35.00 price target in a report released on March 31.

Marathon Oil has a market cap of $18.43 billion and a P/E ratio of 20.74.

About Marathon Oil (NYSE: MRO)

Marathon Oil Corporation is a hydrocarbon exploration company based in Houston, Texas. It was founded in Ohio and is headquartered in the Marathon Oil Tower. On the Fortune 500, the company is placed 534th, while on the Forbes Global 2000, it is ranked 1900th.

The company had estimated proved reserves of 972 million barrels of oil equivalent (5.95109 GJ) as of December 31, 2020, with 86 percent in the United States and 14 percent in Equatorial Guinea.

Petroleum accounted for 52% of the company’s proven reserves, followed by natural gas (30%) and natural gas liquids (18%).