Deutsche Bank Upgrades Marathon Oil (MRO) to Buy; Valuation Call

July 16, 2012 8:52 AM EDT Send to a Friend
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Price: $34.11 --0%

Rating Summary:
    18 Buy, 11 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 24 | Down: 40 | New: 3
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Deutsche Bank upgraded Marathon Oil (NYSE: MRO) to Buy.

Analyst, Paul Sankey, said, "We believe it may take change in management/strategy to change this prevailing view, internally or through activists, unless operational delivery strongly improves on a sustained basis. We expect an in-line operational quarter and all the pressure on management communication. By contrast Marathon’s bold move into the Eagle Ford will, we believe, show good evidence of growth and returns. We strongly prefer Marathon’s Eagle Ford exposure to Hess’s Bakken, based on distance to oil markets, and cost control challenges between Texas and North Dakota."

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 $24.87 yesterday.


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