UBS Cuts Numbers on Marathon Oil (MRO); Maintains 'Buy' on Reiterated Production Guidance
Tweet Send to a FriendGet Alerts MRO Hot Sheet
Price: $36.15 +2.84%
Rating Summary:
14 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
14 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade MRO Now!
UBS maintains a 'Buy' on Marathon Oil (NYSE: MRO) price target lowered from $40 to $38.
Analyst, William A. Featherson, said, "Clean 1Q EPS/CFPS of $0.67/$1.48 missed UBSe $0.74/$1.85 & consensus’ $0.87/$1.91 on higher int’l E&P taxes (-$0.08/sh vs. UBSe)...We believe MRO’s ‘12 production guidance is conservative given the 1Q beat, Eagle Ford ramp up & PSVM start-up & forecast production (ex. Libya)of 378 MBoed. We revised ’12-’13 EPS/CFPS to $2.95/$7.60 & $2.90/$8.55 from $3.05/$7.90 & $2.65/$8.45 to reflect Libya volume, wider oil difference & a higher international tax rate."
For an analyst ratings summary and ratings history on Marathon Oil click here. For more ratings news on Marathon Oil click here.
Shares of Marathon Oil closed at $28.88 yesterday, with a 52 week range of $19.13-$54.23.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, William A. Featherson, said, "Clean 1Q EPS/CFPS of $0.67/$1.48 missed UBSe $0.74/$1.85 & consensus’ $0.87/$1.91 on higher int’l E&P taxes (-$0.08/sh vs. UBSe)...We believe MRO’s ‘12 production guidance is conservative given the 1Q beat, Eagle Ford ramp up & PSVM start-up & forecast production (ex. Libya)of 378 MBoed. We revised ’12-’13 EPS/CFPS to $2.95/$7.60 & $2.90/$8.55 from $3.05/$7.90 & $2.65/$8.45 to reflect Libya volume, wider oil difference & a higher international tax rate."
For an analyst ratings summary and ratings history on Marathon Oil click here. For more ratings news on Marathon Oil click here.
Shares of Marathon Oil closed at $28.88 yesterday, with a 52 week range of $19.13-$54.23.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Morgan Stanley Says Tesla (TSLA) 'Top Pick in U.S. Autos'
- UBS Survey Shows Signs of Strength for Gilead's (GILD) TAF
- Goldman Sees Blockbuster Potential for Bristol-Myers Squibb's (BMY) Nivolumab (PD-1)
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
UBS
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
