Analysts Conflicted on These Materials Names: Marathon Oil (NYSE: MRO) and Canadian Natural (NYSE: CNQ)

By Carrie Williams

Analysts have been eager to weigh in on the Materials sector with new ratings on Marathon Oil (NYSE: MRO) and Canadian Natural (NYSE: CNQ).

Marathon Oil (NYSE: MRO)

RBC Capital analyst Scott Hanold reiterated a Hold rating on Marathon Oil (NYSE: MRO) today and set a price target of $21. The company’s shares closed yesterday at $16.07, close to its 52-week high of $17.05.

According to TipRanks.com, Hanold is a 5-star analyst with an average return of 10.1% and a 52.3% success rate. Hanold covers the Basic Materials sector, focusing on stocks such as Contango Oil & Gas Company, Sanchez Energy Corporation, and Quicksilver Resources Inc.

Currently, the analyst consensus on Marathon Oil is Moderate Buy and the average price target is $24.86, representing a 54.7% upside.

In a report issued on February 27, Credit Suisse also maintained a Hold rating on the stock with a $20 price target.
Canadian Natural (NYSE: CNQ)

RBC Capital analyst Gregory Pardy reiterated a Buy rating on Canadian Natural (NYSE: CNQ) today and set a price target of $60. The company’s shares closed yesterday at $32.05.

According to TipRanks.com, Pardy is a 4-star analyst with an average return of 7.3% and a 65.3% success rate. Pardy covers the Basic Materials sector, focusing on stocks such as Penn West Petroleum Ltd, Approach Resources Inc, and Pengrowth Energy Corp.

Canadian Natural has an analyst consensus of Strong Buy, with a price target consensus of $60.

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