Oil Sands Deal Earns Marathon A Vetr Upgrade

On Thursday, the Vetr crowd upgraded their rating for Marathon Oil Corporation MRO from 4 stars (Buy), issued eight days ago, to 5 stars (Strong Buy). At the time of the upgrade, crowd sentiment for Marathon was unanimously bullish, with 100 percent of Vetr user ratings bullish.

Marathon's price was up on the day of the upgrade after the company reached an agreement with Canadian Natural Resources CNQ for the purchase of stake in the Athabasca Oil Sands Project with a extended payment of $12.74 million in stock and cash. The upswing comes after a steady downward trend for the stock since the sector spiked following the election.

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Currently, the Vetr crowd's average target price for the stock is up at $18.01, which is still below the average analyst target price of $19.45. Less than 2 percent of Vetr users are holding MRO in their watch lists.