Marathon Oil (MRO) Stock Rising on Oil Price Rally

Oil prices are up this afternoon, positively affecting Marathon Oil (MRO) stock.
By Rachel Aldrich ,

NEW YORK (TheStreet) -- Shares of Marathon Oil (MRO) - Get Report  are rising 0.71% to $14.85 in late afternoon trade as oil prices increase.

Crude oil (WTI) is up 0.65% to $44.85 per barrel and Brent crude is climbing 0.75% to $47.01 per barrel.

The U.S. Energy Information Administration released data showing that the U.S. crude stockpile had declined for the ninth week in a row. Crude inventories fell 2.3 million barrels for the July 15 week, beating analyst's forecasts of 2.1 million barrels.

Barclays also raised its forecast for oil prices, saying it now expects them to peak sooner as a supply shortage develops, CNBC reports. The firm sees oil prices averaging $85 per barrel by 2019.

Marathon Oil is a Houston-based oil exploration and production company.

Separately, TheStreet Ratings rated this stock as a "sell" with a ratings score of D.

The company's weaknesses can be seen in multiple areas, such as its poor profit margins, weak operating cash flow, generally disappointing historical performance in the stock itself, disappointing return on equity and feeble growth in its earnings per share.

You can view the full analysis from the report here: MRO

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

Loading ...