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Marathon Petroleum (MPC) Stock Moves -1.72%: What You Should Know
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In the latest trading session, Marathon Petroleum (MPC - Free Report) closed at $58.84, marking a -1.72% move from the previous day. This move was narrower than the S&P 500's daily loss of 2.08%. At the same time, the Dow lost 2.11%, and the tech-heavy Nasdaq lost 2.27%.
Coming into today, shares of the refiner had lost 8.4% in the past month. In that same time, the Oils-Energy sector lost 5.16%, while the S&P 500 lost 3.6%.
Investors will be hoping for strength from MPC as it approaches its next earnings release, which is expected to be February 7, 2019. The company is expected to report EPS of $1.14, up 8.57% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $33.19 billion, up 56.28% from the year-ago period.
MPC's full-year Zacks Consensus Estimates are calling for earnings of $5.13 per share and revenue of $92.94 billion. These results would represent year-over-year changes of +35% and +23.32%, respectively.
Investors might also notice recent changes to analyst estimates for MPC. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.68% lower. MPC is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, MPC currently has a Forward P/E ratio of 11.68. Its industry sports an average Forward P/E of 11.82, so we one might conclude that MPC is trading at a discount comparatively.
Investors should also note that MPC has a PEG ratio of 0.73 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Oil and Gas - Refining and Marketing stocks are, on average, holding a PEG ratio of 0.88 based on yesterday's closing prices.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 161, putting it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Marathon Petroleum (MPC) Stock Moves -1.72%: What You Should Know
In the latest trading session, Marathon Petroleum (MPC - Free Report) closed at $58.84, marking a -1.72% move from the previous day. This move was narrower than the S&P 500's daily loss of 2.08%. At the same time, the Dow lost 2.11%, and the tech-heavy Nasdaq lost 2.27%.
Coming into today, shares of the refiner had lost 8.4% in the past month. In that same time, the Oils-Energy sector lost 5.16%, while the S&P 500 lost 3.6%.
Investors will be hoping for strength from MPC as it approaches its next earnings release, which is expected to be February 7, 2019. The company is expected to report EPS of $1.14, up 8.57% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $33.19 billion, up 56.28% from the year-ago period.
MPC's full-year Zacks Consensus Estimates are calling for earnings of $5.13 per share and revenue of $92.94 billion. These results would represent year-over-year changes of +35% and +23.32%, respectively.
Investors might also notice recent changes to analyst estimates for MPC. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.68% lower. MPC is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, MPC currently has a Forward P/E ratio of 11.68. Its industry sports an average Forward P/E of 11.82, so we one might conclude that MPC is trading at a discount comparatively.
Investors should also note that MPC has a PEG ratio of 0.73 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Oil and Gas - Refining and Marketing stocks are, on average, holding a PEG ratio of 0.88 based on yesterday's closing prices.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 161, putting it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.