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Marathon Oil Corp Shares Slipped Down Over 3%

Marathon Oil Corp. shares dropped 3.89% to $11.37 Tuesday. This proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX falling 0.47% to 4,401.46 and Dow Jones Industrial Average DJIA falling 0.24% to 35,058.52.

Marathon Oil Corp. closed $2.96 short of its 52-week high ($14.33), which the company achieved on July 1st. Compared to some of its competitors on Tuesday, the stock crashed as Exxon Mobil Corp. XOM fell 1.11% to $57.83, Chevron Corp. CVX fell 0.34% to $100.61, and Royal Dutch Shell PLC ADR Cl A RDS.A rose 0.08% to $39.28.

Marathon Oil Corp Shares Slipped Down Over 3%Marathon Oil Crop trading volume (19.3 M) eclipsed its 50-day average volume of 17.4 M.Raymond James analyst John Freeman maintained a Buy rating on Marathon Oil on Tuesday, setting a price target of $19, which is approximately 60.61% above the current share price of $11.83.The analyst expects Marathon Oil. to post earnings per share of $0.12 for the third quarter of 2021.The current consensus among 15 TipRanks analysts is for a Moderate Buy rating of shares in Marathon Oil, with an average price target of $15.6.

The analyst’s price targets range from a high of $20 to a low of $10.According to TipRanks.com, analyst John Freeman is ranked with (four) 4 stars on a 0-5 stars ranking scale, with an average return of 8.6% and a 44.90% success rate. The company reported quarterly revenue of $1.18 billion and a net profit of $224 million. The company’s market cap is $9.32 billion.

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