NEW YORK (TheStreet) -- Marathon Oil (MRO) - Get Report stock is gaining 6.73% to $14.58 in afternoon trading on Tuesday after oil prices climbed, regaining some of the losses from Monday's trading session.
WTI crude is rising 2.37% to $47.43 per barrel on the New York Mercantile Exchange, while Brent crude is increasing 2.25% to $48.22 per barrel on the Intercontinental Exchange this afternoon.
Oil prices were boosted by a potential worker strike in parts of Norway, the largest crude producer in Western Europe, Reuters reports.
"Oil is recovering on some bargain hunting after the drop below $47 a barrel proved unsustainable and (on) news of a possible strike in Norwegian oil and gas industry," Commerzbank analyst Carsten Fritsch told Reuters.
In the U.S., the Energy Information Administration is expected to report a decline of 2.4 million barrels in crude inventories tomorrow morning, according to analysts surveyed by Reuters.
Houston-based Marathon Oil is an oil and gas exploration and production company operating in North America, Europe and Africa.
Separately, Marathon Oil has a "sell" rating and a letter grade of D at TheStreet Ratings because of the company's poor profit margins, weak operating cash flow, generally disappointing stock performance, disappointing return on equity and feeble earnings per share growth.
You can view the full analysis from the report here: MRO
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 article's author.