Barclays analyst Betty Jiang maintains $Marathon Oil (MRO.US)$ with a buy rating, and adjusts the target price from $35 to $34.
According to TipRanks data, the analyst has a success rate of 43.2% and a total average return of -1.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Marathon Oil (MRO.US)$'s main analysts recently are as follows:
The firm altered its estimates within the integrated oil and exploration and production sector, accounting for a decrease in oil price forecasts. Despite a recent sector downturn, stocks are considered to have an upward risk/reward dynamic as company fundamentals and operational momentum are deemed robust.
The exploration and production group estimates have been revised to mirror updated commodity price projections and investment perspectives. It's anticipated that if operational efficiency improvements continue and service costs further decrease, the exploration and production sector could maintain enhanced capital efficiency up to 2025. This could potentially counterbalance the effects of resource maturity.
Note:
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