Mizuho Securities Upgrades Marathon Oil (MRO) to Buy

Mizuho Securities analyst Paul Sankey upgraded Marathon Oil (NYSE: MRO) from Neutral to Buy with a price target of $27.00 (from $28.00).

The analyst comments "The stock continues to trade at a 0.5-1.0x discount to large-cap peers on EV/EBITDAx (2019-21), despite a clear trajectory for free cash flow growth and increasing cash return via share repurchase. We acknowledge concerns about future execution in the Northern Delaware and Oklahoma but think these concerns are more than offset by valuation and core extension in both the Bakken and Eagle Ford."

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 $20.55 yesterday.

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