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Marathon Oil (MRO +2.9%) shares hit a 52-week high after Oppenheimer raises its target price to...

Marathon Oil (MRO +2.9%) shares hit a 52-week high after Oppenheimer raises its target price to $45 from $40 to reflect an improved outlook and attractive valuation. With an estimated free cash flow of $900M this year and $1.5B next year, the firm notes MRO is among a very few cash-flow-positive E&P companies; also, Eagle Ford volume should double this year, boosting MRO's production growth to 6%-8%.
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