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.
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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
|Mar 2017||FBR Capital||Initiates Coverage On||Outperform|
|Feb 2017||Scotia Howard Weil||Upgrades||Sector Perform||Outperform|
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