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Sector Update: Energy
Energy stocks were higher Friday afternoon, with the NYSE Energy Sector Index increasing 0.2% and the Energy Select Sector SPDR Fund (XLE) up 0.1%.The Philadelphia Oil Service Sector index was
Will Marathon Oil (MRO) Beat Estimates Again in Its Next Earnings Report?
Top Midday Stories: Big Banks Commence Q2 Earnings Season; AT&T Discloses April Cyberattack on Customer Data; FTC Requests More Info on ConocoPhillips-Marathon Oil Merger
Deals of the Day-Mergers and Acquisitions
RBC Capital Maintains Marathon Oil(MRO.US) With Buy Rating, Raises Target Price to $36
RBC Capital analyst Scott Hanold maintains $Marathon Oil(MRO.US)$ with a buy rating, and adjusts the target price from $33 to $36.According to TipRanks data, the analyst has a success rate of 67.3%
Conocophillips (COP.US) and Marathon Oil (MRO.US) are facing another review of their trade as the FTC requests acquisition information for the second time.
ConocoPhillips said on Friday that it has received a second request from the U.S. Federal Trade Commission (FTC) for information related to its acquisition of rival Marathon Oil (MRO.US).