U.S. Markets closed

Oil Sands Deal Earns Marathon A Vetr Upgrade

Chris Dier-Scalise

On Thursday, the Vetr crowd upgraded their rating for Marathon Oil Corporation (NYSE: MRO) from 4 stars (Buy), issued eight days ago, to 5 stars (Strong Buy). At the time of the upgrade, crowd sentiment for Marathon was unanimously bullish, with 100 percent of Vetr user ratings bullish.

Marathon's price was up on the day of the upgrade after the company reached an agreement with Canadian Natural Resources (NYSE: CNQ) for the purchase of stake in the Athabasca Oil Sands Project with a extended payment of $12.74 million in stock and cash. The upswing comes after a steady downward trend for the stock since the sector spiked following the election.

See how crowdsourced ratings could help you time the market.

Currently, the Vetr crowd's average target price for the stock is up at $18.01, which is still below the average analyst target price of $19.45. Less than 2 percent of Vetr users are holding MRO in their watch lists.

Latest Ratings for MRO

Date Firm Action From To
Mar 2017 FBR Capital Initiates Coverage On Outperform
Mar 2017 Susquehanna Upgrades Neutral Positive
Feb 2017 Scotia Howard Weil Upgrades Sector Perform Outperform

View More Analyst Ratings for MRO
View the Latest Analyst Ratings

See more from Benzinga

© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.