Oppenheimer Reiterates Outperform Rating Marathon Oil (MRO)

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Oppenheimer today reiterated an Outperform rating on Marathon Oil (NYSE: MRO) and raised its price target to $45.00 (from $40.00).

"With an estimated free cash flow of $900M this year and $1.5B next year, MRO is among a very few cash-flow-positive E&P companies and intends to keep this distinction. Divestiture proceeds could double these amounts and provide MRO with additional financial flexibility to boost shareholder value," said analyst Fadel Gheit.

For an analyst ratings summary and ratings history on Marathon Oil (NYSE: MRO) click here. For more ratings news on Marathon Oil click here.

Shares of Marathon Oil closed at $34.66 yesterday, with a 52 week range of $23.17-$35.49.

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