Hot Oil Companies To Buy For 2017

Hot Oil Companies To Buy For 2017: Marathon Oil Corporation(MRO)

Advisors' Opinion:

• [By Scott Rubin]

  Big gainers on the day included Intersil Corp (NASDAQ: ISIL), which jumped 20 percent on news of a buyout, and Medivation (NASDAQ: MDVN), which added 20 percent on a deal with Pfizer (NYSE: PFE) related to its cancer drug. Cotiviti Holdings Inc (NYSE: COTV) lost around 9 percent in the wake of a mid-day sell-off and Marathon Oil Corporation (NYSE: MRO) fell 7 percent in the wake of a management shakeup.

• [By Ben Levisohn]

  Credit Suisse analyst Edward Westlake and team argue that Marathon Oil (MRO) has made “good progress” but that it’s time to look for “better risk/reward.” They explain why they cut Marathon to Neutral from Outperform:

  Reuters

  In conjunction with our quarterly large cap E&P Deep Dive, we have taken MRO shares down to Neutral. MRO has done an excellent job of increasing the resource base, mainly in Oklahoma, and lowering well costs, and has become more assertive on its completions. The STACK continues to get better indeed MRO increased the type curve for the STACK by more than 35% last week. However, when we look across the large cap E&P space, and the leading edge well performance relative to our modeling assumptions we continue to see more momentum in the purer play Permian names.

  Shares of Marathon Oil have dropped 1.2% to $15.48 at 3:52 p.m. today, while the Energy Select Sector SPDR ETF (XLE) has gained 1% to $70.42.

• [By Ben Levisohn]

  Fundstrat’s Thomas Lee argues that investors need to add value and low quality stocks like Ford Motor (F), Marathon Oil (MRO), Mosaic (MOS), and First Solar (FSLR) to their portfolios to take advantage of rising oil prices, a cheaper dollar and a rebound in high yield. He explains why:

• [By Matt Egan]

  Before Tuesday, Big Oil's credit ratings had been left largely intact by S&P.! But with oil sinking back to $30 a barrel, the ratings firm took action by downgrading Chevron (CVX), EOG Resources (EOG), Apache (APA), Devon Energy (DVN), Hess (HES), Marathon Oil (MRO), Murphy Oil (MUR), Continental Resources (CLR) and Southwestern Energy (SWN).

• [By Ben Levisohn]

  Deutsche Bank’s Ryan Todd and team explain why they raised their price targets on four oil exploration companies–Pioneer Natural Resources (PXD), Devon Energy (DVN), Marathon Oil (MRO), and EOG Resources (EOG):

• [By Joshua Bondy]

  The smaller players
  Marathon Oil (NYSE: MRO  ) recently spun off its downstream assets into Marathon Petroleum. Marathon Oil's development of the Bakken and Eagle Ford are the main changes boosting its production volumes. Year-over-year, its second quarter U.S. volumes increased 38%. The Eagle Ford alone averaged 80 Mboepd and the Bakken averaged 39 Mboepd.

source from Top Stocks For 2015:http://www.topstocksblog.com/hot-oil-companies-to-buy-for-2017.html