OPEC Meeting Sparks Vetr's Interest In Marathon Oil
On Tuesday, the Vetr crowd upgraded their rating for Marathon Oil Corporation (NYSE: MRO) from 3 stars (Hold) to 4 stars (Buy). Sentiment for the stock among the crowd is extremely positive with 100 percent of Vetr user ratings bullish.
Vetr's upgrade comes the same week as the OPEC meeting amid tensions between the organization's member nations. The rocky relationships have fueled predictions that the already low price of oil could fall even futher.
Shars of Marathon Oil have fallen after trending upward for most of November. The stock traded recently at $14.79 after falling 11.86 percent from a November high of $16.78. RF Lafferty initiated coverage of Marathon at Buy on Monday.
Currently, the crowd target price of Marathon Oil is at $16.67, still below the average analyst target price of $17.70. Less than 2 percent of Vetr users are holding $MRO in their watch lists.
Latest Ratings for MRO
|Apr 2017||Stifel Nicolaus||Initiates Coverage On||Hold|
|Mar 2017||FBR Capital||Initiates Coverage On||Outperform|
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