Market Overview

In The Wake Of Analyst Downgrades, Vetr Ups Marathon Oil

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The Vetr crowd upgraded their rating for Marathon Oil Corporation (NYSE: MRO) on Thursday from 2 stars (Sell), issued 15 days ago, to 3 stars (Hold). Crowd sentiment for the stock is mixed, but the bull calls are up slightly with 53 percent of user ratings positive.

Overall market reaction to the energy sector following OPEC's announced production cutbacks has been to assume a holding pattern. Oil has been performing well over the course of December. Marathon is a typical example, posting a 25 percent gain over the course of the first two weeks of December. Shares traded recently around $18.30.

In addition to the Vetr crowd's Hold, other analyst firms also advise sitting on the stock. UBS and Nomura both downgraded Marathon from Buy to Neutral, while Argus  Downgraded from Buy to Hold.

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Currently, the average crowd target price for Marathon is down at $18.44, which is above the average analyst target price of $17.84. Less than 2 percent of Vetr users are holding MRO in their watch lists.

Latest Ratings for MRO

DateFirmActionFromTo
Nov 2019Initiates Coverage OnNeutral
Nov 2019MaintainsOutperform
Nov 2019MaintainsOverweight

View More Analyst Ratings for MRO
View the Latest Analyst Ratings

Posted-In: VetrUpgrades Crowdsourcing Analyst Ratings General

 

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