Susquehanna raised the firm’s price target on Marathon Oil to $39 from $33 and keeps a Positive rating on the shares. The firm updated its model for its E&P coverage ahead of Q2 results. They noted operators continue their maintenance capital programs, while focusing on driving improving well productivity and also noted M&A activity has ramped up this year as companies look to shore up their inventory positions and improve operating efficiencies.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MRO:
- Marathon Oil call volume above normal and directionally bullish
- Marathon Oil downgraded to Neutral from Overweight at JPMorgan
- Tesla downgraded, Booking Holdings upgraded: Wall Street’s top analyst calls
- Marathon Oil price target raised to $36 from $33 at RBC Capital
- Marathon Oil downgraded on pending takeover at Scotiabank