Story updated at 9:45 a.m. to reflect market activity.
Marathon Oil gained 0.2% to $39.00 in morning trading.
The firm maintained its "overweight" rating for the oil company. The increase reflects the sale of Marathon's Norway business according to analyst Thomas R. Driscoll.
"The recently announced $2.7 billion planned sale of the Norway business highlights MRO's sharp discount and should boost future growth rates," Driscoll wrote. "The shares trade at a pro forma multiple of 5.3x 2015E PICF - a 25% discount to the peer average of 7.1x. The sale will likely add several percentage points to MRO's long-term growth prospects. We forecast long-term production growth rates of 8-10%, in line with MRO's guidance."
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Separately, TheStreet Ratings team rates MARATHON OIL CORP as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate MARATHON OIL CORP (MRO) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, compelling growth in net income, attractive valuation levels, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow."