Marathon Oil sells Gulf of Mexico assets for $205 million

Jefferies Group reiterated a “buy” rating and issued a $23.00 price target on shares of Marathon Oil in a research note on Friday, September 11th.

Overall, 5 research analysts have assigned a Hold rating and 2 research analysts have given a Buy rating to the stock. This means 60% are positive. The investment budget for this year has been lowered down to $3 billion, while 2016’s expenditure program has been reduced to just above $2 billion. A simple moving average is calculated by adding the closing price of the security for a number of time periods; then divide the total by that number.

Here are the numbers with regard to valuation of Marathon Petroleum Corporation It has a market cap of 29830.33 with a P/E of 8.83, a P/S of 0.38 and earnings per share this year of 32.20%. After surveying 10 different analysts, we established an average estimate of $ -0.42 earnings per share (EPS) for NYSE:MRO. Finally, TheStreet downgraded the stock to “Hold” rating in an August 7 report. Earnings per share is the portion of a company’s profit that is allocated to each outstanding share of common stock. Marathon Oil Corporation (NYSE:MRO) has declined 35.05% since April 7, 2015 and is downtrending. It has underperformed by 36.15% the S&P500.

The institutional sentiment increased to 0.98 in Q2 2015. This is up from average of 12.80 million shares.

Astenbeck Capital Management Llc holds 8.38% of its portfolio in Marathon Oil Corporation for 1.65 million shares. The stock has a weekly performance of 1.95 percent and is -40.78 percent year-to-date as of the recent close. Wagner Patrick bought 5,000 shares worth $76,975.

Marathon Oil Corporation is an energy firm based in Houston, Texas, with activities in North America, Europe and Africa. The company’s 52-week range is $39.52 – $71.22 with the market capitalization of $13.10 billion. The Company operates in three business segments: Exploration and Production Segment, explores for, produces and markets liquid hydrocarbons and natural gas on a worldwide basis; Oil sands mining segment, mines, extracts and transports bitumen from oil sands deposits in Alberta, Canada, and upgrades the bitumen to produce and market synthetic crude oil and vacuum gas oil, and integrated gas, produces and markets products manufactured from natural gas, such as LNG and methanol, in E.G. During the year ended December 31, 2012, the Company Company acquired approximately 25,000 net acres in the core of the Eagle Ford shale. It now has negative earnings. It has production operations in the US, Egypt, Canada, the United Kingdom and Libya.

The company last week reported a net loss for the third quarter of $749 million, with losses tied to lower crude oil prices and changes in its conventional exploration strategy. Marathon Oil’s stock is down -29.14% in the past 200 days.