KLR Group Starts Marathon Oil (MRO) at Buy

KLR Group initiates coverage on Marathon Oil (NYSE: MRO) with a Buy rating and a price target of $21.00.

Analyst John Gerdes commented, "We are initiating coverage of MRO with a Buy rating and $21 per share target price. Marathon’s mid-cycle (’18) capital yield (cash recycle ratio) is 90%-95% versus the industry median of ~130%. MRO trades at a ~20% discount to the group on ’17 EV/EBITDA though has ~5% per annum less production growth (’16-’18). Our ’16 production expectation of ~391 Mboepd is fractionally above the midpoint of company guidance (375-405 Mboepd)."

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 $13.96 yesterday.

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