Marathon Oil price target lowered to $32 from $35 at Susquehanna

Susquehanna analyst Biju Perincheril lowered the firm’s price target on Marathon Oil to $32 from $35 and keeps a Positive rating on the shares. The analyst said we are updating estimates for our E&P coverage universe ahead of 1Q’23 reports. We’re generally below Street estimates on EPS mostly on price realizations, while largely in-line on production and capex.