| Goldman Cuts Brent Forecasts (And Gives E&P M&A Ideas) | |
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The investment bank issued a broad swatch of comments on the global oil sector.
Aside from numerous downgrades, Goldman Sachs is also fearful of regional oil performance in China, Austria and the Association of Southeast Asian Nations (ASEAN).
One special bit that sticks out is the estimation from Goldman for asset quality appeal to potential buyers of E&P:
Also of note, Whiting Petroleum Corp (NYSE: WLL) is the only stock -- in Goldman Sachs' view -- that has all three favorable qualities in its M&A screen: Attractive M&A returns, free cash and asset quality.
Newfield Exploration Co. (NYSE: NFX), Marathon Oil Corporation (NYSE: MRO), PDC Energy Inc (NASDAQ: PDCE), Hess Corp. (NYSE: HES), Oasis Petroleum Inc. (NYSE: OAS) and a handful of others are stocks the bank says has two of three favorable conditions.
Latest Ratings for WLL
Date | Firm | Action | From | To |
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May 2015 | Tigress Financial | Downgrades | Buy | Neutral | May 2015 | Morgan Stanley | Upgrades | Equal-weight | Outperform | Apr 2015 | SunTrust Robinson Humphrey | Upgrades | Neutral | Buy |
View More Analyst Ratings for WLL
View the Latest Analyst Ratings
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Marathon Oil Corporation
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CODE : MRO |
ISIN : US5658491064 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Marathon Oil is a oil exploration company based in United states of america. Marathon Oil is listed in United States of America. Its market capitalisation is US$ 23.6 billions as of today (€ 22.0 billions). Its stock quote reached its lowest recent point on August 13, 1982 at US$ 0.70, and its highest recent level on April 25, 2024 at US$ 27.74. Marathon Oil has 849 755 866 shares outstanding. |