Act On Key Analyst Price Target Shifts: Marathon Oil Corporation (MRO), Oasis Petroleum Inc. (OAS)

You should consider shares of Marathon Oil Corporation (NYSE:MRO) and Oasis Petroleum Inc. (NYSE:OAS) if you are looking for a great stocks to invest in. Starting with the MRO shares, which traded at $11.76 at the close of the recent session, dropping -1.67%. On Tuesday, the company’s shares shed -$0.2 from its value which represented in intraday trading. The stock is now -29.54% lower in year-to-date (YTD) trading. MRO’s intraday high was $11.87 while its lowest price touched $11.5751. The stock’s 52-week high price is $18.93, which means the current price is at -37.88%. In terms of trading activity, the daily trading volume fell to 10529010 against 200-day average trading volume of 11,492,657 shares.

What are analyst forecasts for Marathon Oil Corporation (NYSE:MRO)?

At a consensus rating of 4.17, MRO is trending as a streaking Moderate Buy, as it has been the case a month ago when 18 analysts called it a Moderate Buy. Two months ago, 20 analysts recommended, on average, that MRO stock is a Moderate Buy. The Basic Materials company’s shares’ overall bearish trend saw it close higher on Tuesday compared to its opening price of $11.74 on the day.

Forecasts for Marathon Oil Corporation (NYSE:MRO) give the stock a fair value for the growth of 28.73% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $16.50, which means the price per share could rise by nearly $4.74. The price range target is between a low of $13.00 and a high of $25.00. The stock would need to gain by about $52.96 to hit the estimated high or 0.94% from its 12-month low.

The consensus among 29 analysts is that it is a good time for one to Overweight in the Marathon Oil Corporation. 18 analysts rate MRO as a Buy, with 0 of 29 analysts rate it as a Sell. 2 have valued the stock as Overweight and 9 have recommended that investors Hold.

Marathon Oil Corporation (NYSE:MRO) Upgrades and Downgrades

In terms of rating changes, Guggenheim on November 26, 2019, Initiated Marathon Oil Corporation (MRO) at Neutral. Analysts at Tudor Pickering have assigned a Hold rating for the stock in their research note on September 24, 2019. Moreover, Citigroup analysts issued a rating of Neutral for the stock on September 23, 2019, giving it a price target of $13 for the next 12 months. On June 13, 2019, the stock earned a Neutral rating due to an analyst call from Atlantic Equities, while analysts from RBC Capital Mkts on April 16, 2019 suggested that the stock is Outperform.

Oasis Petroleum Inc. (NYSE:OAS) adds $0.01 on Tuesday

The OAS stock has tanked -57.69% year-to-date and is currently trading at $2.34, which is -70.00% below its 52-week high. The company shares gained 0.43% on the day and have risen nearly 2.18% off a low hit. At current levels, Oasis Petroleum Inc. has a valuation of about $2.44B. As of 12/03/19, this stock has fallen -7.51% during the week and closed at $2.33 in the previous session. However, recent Oasis Petroleum Inc. stock performance shows that OAS shares are -13.33% down over the last month, and -25.24% down for the last three months.

Earnings per share (EPS) estimates for the current quarter are $0.03, with the trailing 12-month share earnings at $0.54. The ratio is expected to be down by -138.50% for the current year 2019 and -190.00% for next year. Over the next 5-year period, earnings per share will be 14.70%. But will the OAS stock surprise in the current quarter results, where the -$0.05 actual EPS reported on 9/29/2019 surprised by -400.00% or was lower by -$0.04 from the estimated -$0.01.

Sales Growth to decline -18.60% for the year

How well will Oasis Petroleum Inc. perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $329.62M and $519.91M in current quarter sales. The consensus estimated for the current quarter is $406.16M from sales. Forecasts for this fiscal year are between $1.92B and $2.11B and the consensus estimate for sales is at $2.01B. OAS has its next quarter sales estimates at between $302.54M and $506.97M, with the quarter-over-quarter growth estimates at -29.10% and the annual growth forecast for the year at -18.60%.

Who owns shares in Oasis Petroleum Inc. (OAS)?

Let’s briefly focus on the share ownership of the Oasis Petroleum Inc. (NYSE:OAS) stock, where we find that 100.16% of shares are held by institutions. Blackrock Inc. tops the list of institutional owners as it is holding 35.78 million shares or 11.14% of shares outstanding. Vanguard Group, Inc. (The) and Dimensional Fund Advisors LP held 29.24 million and 24.76 million representing 9.10% and 7.71% respectively at the close of the last trading session. As of Sep 29, 2019, Encap Energy Capital Fund VIII, L.P. accounted for 20.41 million shares at over 70.61 million. This represented 6.35% of shares outstanding. State Street Corporation held 20.29 million shares at over 70.2 million representing 6.31% of shares outstanding.

OAS Insider Activity

On 3/01/2019, Chairman & Chief Executive Officer by the name Nusz Thomas B sold 51626.0 shares worth $287600.0 at the price of $5.57 per share. Filings also show that Lou Michael H sold a total of 40000.0 shares on 3/27/2019 valued at $241600.0. Since the last insider activity, the company’s share price has dropped -60.67%.