McMoRan Expl (NYSE: MMR) had its target price cut by Guggenheim from $20.00 to $19.00 in a research note issued to investors on Thursday. The firm currently has a buy rating on the stock.

A number of other analysts have also recently weighed in on MMR. Analysts at Susquehanna reiterated a positive rating on shares of McMoRan Expl in a research note to investors on Tuesday, December 11th. They now have a $18.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of McMoRan Expl from $10.00 to $15.50 in a research note to investors on Thursday, December 6th. They now have a sector perform rating on the stock. Finally, analysts at Capital One downgraded shares of McMoRan Expl from an add rating to a neutral rating in a research note to investors on Thursday, December 6th.

Three analysts have rated the stock with a buy rating, and four have assigned a hold rating to the company. McMoRan Expl has an average rating of overweight and a consensus target price of $16.08.

Shares of McMoRan Expl traded up 0.22% during mid-day trading on Thursday, hitting $16.185. McMoRan Expl has a one year low of $7.25 and a one year high of $16.30. The stock’s 50-day moving average is currently $16.04. The company’s market cap is $2.634 billion.

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