Marathon Oil (MRO) Stock Receives $42 Price Target

By Amit Chowdhry ● Nov 23, 2022
  • The shares of Marathon Oil (MRO) recently received a $42 price target. These are the details.

The shares of Marathon Oil (MRO) recently received a $42 price target.

Price target: Increased from $38 to $42

Rating: Overweight

Analyst firm: Piper Sandler

Piper Sandler analysts adjusted the rating while noting that they updated their exploration and production models and fiscal 2023 outlooks following the third quarter results. And while the group has stuck with disciplined allocation and continues to prioritize capital return, the increased service costs are driving incremental capital expenditures in the fourth quarter and next year.