Lower Commodity Prices To Hurt Marathon Oil's 2Q Amid Sluggishness At Equatorial Guinea Unit: Analyst

Lower Commodity Prices To Hurt Marathon Oil’s 2Q Amid Sluggishness At Equatorial Guinea Unit: Analyst

July 16, 2023

in Stocks

Reading Time: 1 min read

Benchmark analyst Subash Chandra reiterated a Buy rating on Marathon Oil Corporation (NYSE:MRO), lowering the price target to $28 from $32, reflecting the decline in commodity prices.

MRO plans to issue its second quarter 2023 earnings release on Aug. 2, after the close of U.S. financial markets.

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Lower Commodity Prices To Hurt Marathon Oil’s 2Q Amid Sluggishness At Equatorial Guinea Unit: Analyst

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